Palala Posted November 3, 2013 Share Posted November 3, 2013 Hello, I am a new graduate and was recently offered an internal medicine job in the SE. The president of the practice is in another state and will be buying an established practice from a local doctor in my city. I will be working with the current doctor locally whom I have not met. I interviewed with the "owner" who lives upnorth via skype. After a 2 hr interview, he offered me the job. salary: 95K for 45hrs/week (M-F 9hrs/day) no hospital rounding or admissions -strictly outpatient on call every other week 5 weeks total "PTO" (includes holidays, 1 week CME, vacations, etc) $1500 for CME I will get pay 1/2 my salary while in training but once I'm seeing a full load it will be 95K ( 3 pts per hour ~ 27 pts/day) full malpractice coverage, no tail coverage @ least 70% of medical and dental insurance ( he will try to give me 100% but unsure yet) $125/ month for my phone bill It's a 1 year contract 1 year termination clause of contiguous cities around the city which the practice reside. I plan to shadow the local doctor soon. He is older and probably will retire in a few years at which time the "owner" plans to hire a new doctor. For a new grad, I think this is a pretty solid deal, however, I'm no expert so I'm seeking for your expert advice! Are there anything I'm overlooking or should ask? Thank you!! Link to comment Share on other sites More sharing options...
Palala Posted November 4, 2013 Author Share Posted November 4, 2013 I would like to add that there was no mentioning of productivity bonuses or when raises can be considered? Can I assume raises are negotiated at the end of the 1 year contract or should that be specifically written in the contract? Link to comment Share on other sites More sharing options...
Moderator EMEDPA Posted November 4, 2013 Moderator Share Posted November 4, 2013 get 100% insurance in writing medical license/dea/aapa/retirement? Link to comment Share on other sites More sharing options...
Palala Posted November 4, 2013 Author Share Posted November 4, 2013 medical license/dea/aapa comes from the CME pool of $1500 no mentioning of retirement Link to comment Share on other sites More sharing options...
WeBuyAndSellJunk Posted November 4, 2013 Share Posted November 4, 2013 Tail coverage is going to a big expense on your part. 27 pts a day is a fairly large load for IM. It may be quite awhile for you to produce those kinds of numbers. The non-compete is going to force you to move if you don't keep the job. Despite all that, my biggest concern would be not knowing what your SP is like and potentially having some random new doc become your SP in X number of years. Link to comment Share on other sites More sharing options...
Moderator EMEDPA Posted November 4, 2013 Moderator Share Posted November 4, 2013 medical license/dea/aapa comes from the CME pool of $1500 that should be separate from cme. cme funds are for cme... ask about retirement...it is a standard benefit... Link to comment Share on other sites More sharing options...
Administrator rev ronin Posted November 4, 2013 Administrator Share Posted November 4, 2013 3 patients per hour in an IM practice is a very steep load for a new grad. What about charting? EMR, I presume? If you don't get time to chart during the day, you can easily be spending 2-3 hours more per night with a middling to poor EMR implementation. Link to comment Share on other sites More sharing options...
Palala Posted November 4, 2013 Author Share Posted November 4, 2013 I'm not required to see that many patients off the bat..he said I can start to do that when I'm comfortable. When I'm seeing "half" the load, I'm being paid 50% the 95K salary. They do have EMR. What is the average tail coverage? Is a noncompete clause a standard thing on a PA contract?? Thanks for everyone's help! Link to comment Share on other sites More sharing options...
Woody85 Posted November 5, 2013 Share Posted November 5, 2013 Just to put this offer in real dollars and cents: 95,000/2 = $47,500/year 45 hours/week X 52 weeks = 2340 hours worked per year $47,500/2340 hours = 20.3 dollars/hour!!!!! Might as well be a CNA...just saying Link to comment Share on other sites More sharing options...
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