I'm excited to be close to signing the dotted line of my first contract. I have been out of state for residency and am headed back to Texas. The group I'm signing with is offering a great salary and benefits. But after reading the contract closely and asking for clarification, I've been informed that I'll be working for the 'group contracted by the hospital' and I will be credentialed through the hospital.
My main concern is that this particular hospital is a 501c3. Being employed by the main hospital group will allow me to potentially qualify for multiple student loan repayment programs. Being employed by the group 'contracted by the hospital' will disqualify me from all. The job is lovely concerning scheduling, patient load (in comparison to other places I've interviewed in the region), patient population, part of town. The people that I've interacted with are all quite pleasant. I don't want to make an issue out of a nonissue. Being employed by the main hospital group is not a possibility right now, though in the near future (6 months or so) it will be on the table but my contract will be signed for the private group for at least 1 year by that time.
About the job:
desirable city in Texas (texas is home... desirable for me)
standard 7 on 7 off 182 shifts per year (not round and go)
base 250K plus 40K max in quality and productivity bonuses paid quarterly. According to hospitalists i've spoken with in the group, they average about 7K-8K per quarter in these productivity bonuses.
No nights, no procedures, no codes. closed ICU
Pt census 17-20. admits divided evenly throughout the day (average 2 per day for each team member). Their goal is 15-18 after hiring 5 more by summer
20K sign on bonus and the other perks like moving expenses, CME, licensing fees, etc.
Other jobs in the area have a base that ranges from 200 - 220 on average with larger potentials for productivity bonuses.
Should I be concerned about losing student loan forgiveness and/or repayment eligibility by signing with the private group? Is this a bad deal? I owe about 285K.
My main concern is that this particular hospital is a 501c3. Being employed by the main hospital group will allow me to potentially qualify for multiple student loan repayment programs. Being employed by the group 'contracted by the hospital' will disqualify me from all. The job is lovely concerning scheduling, patient load (in comparison to other places I've interviewed in the region), patient population, part of town. The people that I've interacted with are all quite pleasant. I don't want to make an issue out of a nonissue. Being employed by the main hospital group is not a possibility right now, though in the near future (6 months or so) it will be on the table but my contract will be signed for the private group for at least 1 year by that time.
About the job:
desirable city in Texas (texas is home... desirable for me)
standard 7 on 7 off 182 shifts per year (not round and go)
base 250K plus 40K max in quality and productivity bonuses paid quarterly. According to hospitalists i've spoken with in the group, they average about 7K-8K per quarter in these productivity bonuses.
No nights, no procedures, no codes. closed ICU
Pt census 17-20. admits divided evenly throughout the day (average 2 per day for each team member). Their goal is 15-18 after hiring 5 more by summer
20K sign on bonus and the other perks like moving expenses, CME, licensing fees, etc.
Other jobs in the area have a base that ranges from 200 - 220 on average with larger potentials for productivity bonuses.
Should I be concerned about losing student loan forgiveness and/or repayment eligibility by signing with the private group? Is this a bad deal? I owe about 285K.