jaredlj3 Posted July 18, 2019 Share Posted July 18, 2019 (edited) What are your thoughts on this offer? Ortho surg in Texas. Closing decision to be made soon. Salary: $116,400, w/productivity bonus each quarter. Salary cap of 155k/yr Signing Bonus: $5000 Loan repayment: $500/mo CME: $1500/yr (up to 5 days) Licensing Dues: $1000/yr Relocation reimbursement: $15,000 Vacation: 3 weeks paid, + 7 paid holidays Other benefits including: health/dental/vision, 401k, mal practice, etc... Schedule: 2.5 days clinic, 2 days surg. 40ish hours/ week. Edited July 18, 2019 by jaredlj3 Quote Link to comment Share on other sites More sharing options...
PAtoB Posted July 19, 2019 Share Posted July 19, 2019 phenomenal starting offer overall imo. Quote Link to comment Share on other sites More sharing options...
jaredlj3 Posted July 19, 2019 Author Share Posted July 19, 2019 Thanks PAtoB Quote Link to comment Share on other sites More sharing options...
AbeTheBabe Posted July 19, 2019 Share Posted July 19, 2019 That's really good. CME a bit low. Do you know what the matching on 401K is and how much health incurance will cost you? Also, what is the productivity bonus? I really only do not like that they have a cap on the salary. If you're making them that much money, they shouldn't cap your salary like that. Not a deal breaker though. Quote Link to comment Share on other sites More sharing options...
jaredlj3 Posted July 19, 2019 Author Share Posted July 19, 2019 18 minutes ago, AbeTheBabe said: That's really good. CME a bit low. Do you know what the matching on 401K is and how much health incurance will cost you? Also, what is the productivity bonus? I really only do not like that they have a cap on the salary. If you're making them that much money, they shouldn't cap your salary like that. Not a deal breaker though. not sure about the health insurance. 401K is a 3% match. I get the greater of my salary or $30/per encounter. Quarterly goal is 1170 pt encounters. Based off of the goal my salary would equate to $24/encounter ($28,080/quarter). If i reached the goal of 1170 getting the greater of $30/ encounter it would be a quarterly increase of $7020 or $35,100/quarter which would be more like 140K/yr. It's not based off of wRVU's. So if I see post op pt's (no wRVU's accrued) it still goes towards my pt encounter goal. Hopefully that makes sense. Quote Link to comment Share on other sites More sharing options...
AbeTheBabe Posted July 19, 2019 Share Posted July 19, 2019 I guess it makes sense, but what doesn't is they have a cap of 155K. If someone is hitting 155K at 30/encounter they are making the practice SO much money. I wouldn't bet on getting a bonus at all. 1170 divided by 12 weeks divided by 2.5 clinic days is 39 patients a day rate. I'm 3 years into ortho and usually see 20-25 patients. Seeing 30/day I'd be so tired. Seeing 40/day is damn near impossible unless all you're doing is post-ops and injections. If surgeries count as encounters I guess that's a little better, but again I wouldn't count on hitting anything. My practice gives a bonus of 10-12% of collections on top of base salary. There's no minimum. There's no cap. Some PAs make 50K+ a year in bonus. 1 Quote Link to comment Share on other sites More sharing options...
jaredlj3 Posted July 19, 2019 Author Share Posted July 19, 2019 5 minutes ago, AbeTheBabe said: I guess it makes sense, but what doesn't is they have a cap of 155K. If someone is hitting 155K at 30/encounter they are making the practice SO much money. I wouldn't bet on getting a bonus at all. 1170 divided by 12 weeks divided by 2.5 clinic days is 39 patients a day rate. I'm 3 years into ortho and usually see 20-25 patients. Seeing 30/day I'd be so tired. Seeing 40/day is damn near impossible unless all you're doing is post-ops and injections. If surgeries count as encounters I guess that's a little better, but again I wouldn't count on hitting anything. My practice gives a bonus of 10-12% of collections on top of base salary. There's no minimum. There's no cap. Some PAs make 50K+ a year in bonus. Thanks for the input. Surgery will be factored in the encounters. I don't plan on getting the bonus for a while. Not until i'm comfortable with a heavy pt load. That's a nice bonus structure. $50k is a great bonus. Where are you practicing? Quote Link to comment Share on other sites More sharing options...
AbeTheBabe Posted July 19, 2019 Share Posted July 19, 2019 In SoCal, my base salary is 5-10 less than yours but I expect to make around 140K this year with bonus factored in. Quote Link to comment Share on other sites More sharing options...
jaredlj3 Posted July 24, 2019 Author Share Posted July 24, 2019 Any other thoughts on this offer? Quote Link to comment Share on other sites More sharing options...
anewconvert Posted July 26, 2019 Share Posted July 26, 2019 It’s solid for a new grad. Only thing I’d ask is to have the maximum cap removed. It’s asinine to cap your productivity. You would be unlikely to hit it out of school but why should they have an arbitrary maximum value? It incentivizes you to work really hard then throw on the brakes as you approach the cap. Quote Link to comment Share on other sites More sharing options...
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