marktheshark89 Posted October 23, 2015 Share Posted October 23, 2015 After some negotiation, both sides still open to more negotiating Location: Northern CT/Southern Mass. Area Outpatient Primary Care w/o hospital responsibilities - 3 doc and 1 PA private practice 35-40hr work week, likely 4 days/week, work 1/6 weekends (saturday and half a day sunday) with make up time off the following week, on call 1/6 evenings once up to speed (earliest would be 6 months in) which does not require coming to office. Rotating holiday coverage. Expectation that I start at 1 patient per hour and then increase as I become more comfortable to around 20 patients per day. Very flexible with my schedule and what days and hours I'd like to work. It seems that it would be easy to schedule my off day during the week well in advance if I needed a 3 day weekend or had some other event to attend. Salary offer: $100,000 after some negotiation, with guaranteed 5-10% raise after year one based on performance reviews or incentive pay (25% of collections - cost of employment) added onto base pay after 1 year (my choosing) Vacation: 2 weeks Sick Time: 1 week - (1 week of vacation and 3 days of sick time can be carried over per year to the next year or can be paid out at an hourly rate of 50$/hr) CME: 2,000/yr and 1 week exclusive of the other 3 weeks (so 4 weeks off per year) Health Insurance: will pay 100% of my monthly premiums of a plan of my choosing through our states health exchange. Dental/Vision: 60$ per month total Stipends: will pay for uniforms, medical equipment, UptoDate, etc independent of CME money Retirement: practice contributes 12% of annual salary into an IRA, beginning in the 2nd year of employment. Malpractice: 1mil/4mil occurence coverage - both parties are still looking into tail coverage (they have not hired a new provider in many years so are still doing some research on this at my request) No disability or life insurance No non-compete, 6 weeks notice required by either party prior to termination 100% of licensing, professional organization fees, DEA, etc paid for by practice Link to comment Share on other sites More sharing options...
FfIghter23 Posted October 23, 2015 Share Posted October 23, 2015 12% salary into IRA? 4 day work weeks? On top of a six figure salary for primary care?... I would think you are signing on the spot. Congrats on the negotiation. A few benefits are missing, but overall a solid offer for a new grad. Do you know how much you're paying for health insurance through exchange? That's where it may kick you in the rear. If you have a family it can climb to $800 a month for a decent plan. That's $10k a year right there. Link to comment Share on other sites More sharing options...
marktheshark89 Posted October 23, 2015 Author Share Posted October 23, 2015 Insurance for me is for the best plan 380$ per month, but they will pay for that. Sorry if that was unclear. No family for now. Link to comment Share on other sites More sharing options...
cinntsp Posted October 24, 2015 Share Posted October 24, 2015 An IRA caps out at $5500 per year so that would be 5.5% instead of 12%. Did you mean a 401k? It looks like a solid offer overall. Link to comment Share on other sites More sharing options...
marktheshark89 Posted October 24, 2015 Author Share Posted October 24, 2015 It is a sep-ira which caps at 25%/year. Link to comment Share on other sites More sharing options...
Will352ns Posted October 24, 2015 Share Posted October 24, 2015 I would say good deal. Link to comment Share on other sites More sharing options...
Guest Paula Posted October 24, 2015 Share Posted October 24, 2015 Squeak in another week of vacation. Outpatient primary care with one hour appointments to start is a breeze. Are you a new grad? Link to comment Share on other sites More sharing options...
marktheshark89 Posted October 24, 2015 Author Share Posted October 24, 2015 Yes I am a new grad Link to comment Share on other sites More sharing options...
Moderator ventana Posted October 24, 2015 Moderator Share Posted October 24, 2015 get it all IN WRITING in a contact make sure no NON-Compete clause this is a reasonable offer for this area 95-135k is the range locally Link to comment Share on other sites More sharing options...
cinntsp Posted October 24, 2015 Share Posted October 24, 2015 It is a sep-ira which caps at 25%/year. In that case you are getting great retirement benefits. I think you have a solid offer lined up as a new grad. Link to comment Share on other sites More sharing options...
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