High wRVU productivity last 6 months of 2 year contract coming, realistic renegotiation goal?

[dogdaddy]

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I am currently generating 1,200–1,500 wRVUs per month, working in a mix of inpatient care, cath lab procedures, and outpatient services for a large healthcare system in a HCOL area. I am halfway through the second year of a two-year contract with a relatively harsh restrictive covenant.

I enjoy my job and want to continue pushing hard and hustle, as my compensation includes a base salary and a wRVU productivity bonus structure without a cap. For context (these are not my actual numbers, but similar), let’s say my base salary is $450k, with a wRVU target of 8,000 and a rate of $50/wRVU beyond that.

For renegotiation, what would be a realistic base salary and wRVU rate to target? Are there any success stories from people in similar situations who managed to negotiate better terms without switching jobs?

Many have mentioned that moving to a different position is the only way to secure a significant raise, but I like my current setup and have also recently purchased a home. Any tips or advice would be greatly appreciated!

 

[cards67]

A good job in a HCOL, I bet you're being paid a fair rate for the area and a significant raise will only come from a different area, not simply a different job. What do your colleagues and other doctors in the area make? Start asking around and collecting data to bring to the table, local data. If you're a high-achiever there could be an argument for getting paid more, same if you offer a unique service. But a good job in a large system in a HCOL area, I doubt they'll budge much anyway.

 

[munnadoc]

Your productivity should determine your base if you are producing average 1500 RVU per month you should be able to set your base based on say 1200-1300 per month as your projection for the last year has been 1500. I was able to negotiate at my place with similar data. Data defines us and data evidence for the hospital system will reassure them to give you a base rise.