| |
OUR
VISION: A lean operation with minimal overhead and
maximal reimbursement to the working physicians.
OUR
MISSION: To provide top quality, state of the art
Emergency Services to our community and to Valley Baptist
Medical Center.
OUR
STRUCTURE: We are a Limited Liability Partnership. Our
leadership and management are drawn entirely from among our
working partners. Each partner has a single vote.
As a new
hire, you have independent contractor status. Should you
prefer this status, there is no limitation to the duration
of your tenure as an independent contractor. Some of the
benefits of working with Valley Emergency Physicians are
noted below.
- Compensation will include a $140/hr guarantee and a
bonus based on a percent of the capital RVU’s you
generate for the practice. Due to chart completion and
account maturation issues, there is a several month
delay between the month worked and the RVU incentive
bonus. Payday is the 20th of the month after
the month worked.
- There
is no plan for a signing bonus as we wish to maximize
reimbursements for work done. Some assistance with the
costs of transition may be available.
- Malpractice for all physicians will be paid for by VEP,
through TMLT when possible. Limits are
$200,000/$600,000. You need to belong to TMA to be
eligible. All personal insurance, retirement, and
business expenses are the individual doctor’s
responsibility.
- With
the exception of malpractice and the 401K plan for
partners, benefits are the responsibility of the
individual physician’s in line with the philosophy of
the group to minimize overhead and provide freedom of
choice to our physicians.
- Individual contractors who are interested in partnership
become eligible after 1 year of full time (an average of
120 clinical hours/month) work with VEP. Transition to
partner is subject to a partnership vote. Potential
partners will have quarterly reviews to assess mutual
satisfaction.
- Benefits of partnership include a vote in the business
of the Partnership and potential for leadership
opportunities within the group. Partners have the option
to participate in the group retirement plan. Partners
receive increased incentive benefits and have the
potential for reimbursement for non-clinical
contributions to the group and community.
- New
partners agree to a 2 year full time commitment to the
Partnership. If they choose to stay on after 2 years,
there is an ongoing commitment to120 clinical
hours/month for a period of 5 years. After 5 years, the
monthly commitment may be adjusted down according to the
needs of the partnership and your desires. On becoming a
partner, you assume equal obligation for debts and
losses of the partnership with the other partners, but
at this time the partnership carries no debt.
- Leadership within the Partnership is consolidated in the
Management Committee, composed of 3 elected directors:
Medical Director, Financial Director and the Operations
Director. Day to day issues are decided by the
Management Committee but any larger issues are addressed
by the Partners, with each Partner having an equal vote.
These types of issues include changes in staffing, and
distribution of bonuses. Any partner may make a proposal
to be considered and voted on by the group. The number
of partners necessary to pass a given proposal depends
on a decision grid with a greater number of partners
voting in favor for larger issues or issues of greater
financial impact.
- We
hope for your participation in the business of VEP,
within reason, as requested by the management committee.
All VEP physicians contribute to improving the quality
of our organization and our clinical practice.
Innovative suggestions are welcome from all physicians.
Valley
Emergency Physicians is a very stable group. Many of us,
including some of our contractors, have been at Valley
Baptist for 10 years of more. We enjoy an excellent
relationship with Valley Baptist Health System and see
opportunity for our group to expand as the hospital system
grows. We have the benefit of rapid access to a 24/7 Cath
Lab and a strong Trauma Team and Stroke Team. Our Radiology
Department and admitting physicians are very supportive. Our
community is easy to live in and is located near the Gulf
Coast and Mexico.
Please feel
free to contact Julie Nathan, MD, Director of Operations at ryegras1@rgv.rr.com or our Medical Director, Michael
Mohun, MD at michael.mohun@valleybaptist.net or call (956) 380-5007
for further information. We will be happy to provide you
with contacts for our other physicians for additional
perspectives.
|
|
|