Nephrology Physician opening 2 hours from Philly, NYC, and DCPractice Overview:An independent, multi-specialty practice located in Lebanon, PA, with over 100 employees, including 10 MDs, 4 APPs, 3 NPs, Physical Therapists, and administrative staff. Specialties encompass Internal Medicine Primary Care, Rheumatology and Osteoporosis, Nephrology, and Endocrinology.About the Practice:
- Hospital, a 170-bed acute care facility, located 2 miles from the practice.
- Equipped with private physician offices, 30 exam rooms, onsite lab, onsite X-ray, DXA (Bone Density), EMG, physician therapy, infusion center, fracture liaison services, and medical records facilities.
- Satellite offices in Hershey (16 miles) and Lititz (14 miles), with DaVita sites in Lebanon. Nephrology services are currently exclusive to the Lebanon location, with potential expansion to Hershey.
- The nephrology physician will be responsible for maintaining and expanding a full-scope nephrology practice, encompassing outpatient and inpatient duties, along with Medical Directorship at 1 DaVita site.
Schedule:- Clinic hours: Monday through Friday, 7 am to 5 pm, with physicians having a 4.5-day week.
- Flexible start times for physicians.
- One week per month spent at the DaVita site, with no outpatient responsibilities but hospital rounding/consults.
Volume:- Clinic: Half-day, around 10-12 patients.
- Hospital volume varies, averaging 7-10 patients per day, primarily consult service (98%, not admissions).
Referrals:- In-house internists and referrals from Good Samaritan, leading to permanent patient switches to LIMA.
Call Schedule:- 1:2 weeknights and 1:3 weekend call, shared with Dr. Siddiqui and the Nurse Practitioner. Minimal call volume.
Payor Mix:- 60% Government Subsidy (Medicare)/40% Private Insurance.
Candidate Parameters:- MD/DO
- AMG/FMG
- BC Internal Medicine, BC/BE Nephrology
- No visa sponsorship available.
Compensation:- Base Compensation: $235K max annual salary before partnership.
- 1st Year: Higher of base pay or 65% as if a partner.
- 2nd Year: Higher of base pay or 85% if a partner.
- Productivity Bonus upon partnership: Base drops to $185,000 with an annual bonus of $40,000-$60,000.
DaVita Compensation:- $16,000/month, contributing to "collections total" each month, not shared with the other providers.
Overhead:- Determined by productivity, averaging 48%-50%.
Collections:- 60-65% of billables within 90 days, average collection rate at 20 days. Practice target is $63,000/day.
Benefists:- 2-year track, with partnership offered at the beginning of Year 3. Opportunity for building buy-in at Year 5, around $60,000-$75,000 (depending on Accounts Receivable status).
- Relocation offered. Sign-on bonus of $30K from Wellspan Hospital, requiring a 5-year commitment or percentage payback. Relocation: $3,000.
- Occurrence-based.
- Provided 401K with market match, average 8-12%.
- 12 days PTO, 8.5 paid holidays (increases to 18 days at partnership).
- 2 weeks per year plus $3,000.
- ST/LT Disability, Auto/gas card and insurance, Health insurance for the physician and family, cell phone, pension, can meet with the bank to waive down payments on homes.