Contract & Benefits

Physician Recruitment Process and Compensation Overview

A Package Designed for Financial Security and Work-Life Balance

Your compensation at Ivinson reflects both the value of pediatric expertise and the financial advantages of practicing in Wyoming. The base salary range of $257,254 to $288,051 arrives in a state with no income tax, immediately increasing your take-home pay by 5-10% compared to positions in states like California, Oregon, or Minnesota. When you combine competitive base compensation with Wyoming's tax advantage and Laramie's cost of living (27% below Denver), your actual purchasing power exceeds what many metropolitan positions offer at higher nominal salaries.

The compensation structure rewards your commitment without creating pressure to see excessive patient volumes. Your 32-hour clinical week with 16-18 patients daily means you can provide thorough care while maintaining the energy and focus that brought you to medicine. Additional call beyond your standard 7 days monthly pays $1,500 per 24-hour shift, providing opportunities for extra income when your schedule allows.

  • Base Salary: $257,254 to $288,051 annually
  • Wyoming Tax Advantage: No state income tax, increasing take-home pay significantly compared to income-tax states
  • Call Pay: $1,500 per additional 24-hour shift beyond standard rotation
  • Effective Compensation: When adjusted for cost of living and tax savings, equivalent to substantially higher salaries in metropolitan markets

Time Off That Respects Your Life Outside Medicine

Ivinson offers one of the most competitive paid time off plans in the region, recognizing that sustainable medical practice requires genuine rest and renewal. As an exempt (salaried) employee, you begin with 28 days of PTO annually, combining vacation, sick leave, holidays, and personal time into one flexible bank. This increases to 33 days after your third year and 38 days after your seventh year. Your PTO bank can accumulate up to 480 hours, and a buyback program during open enrollment allows you to cash out excess time if preferred.

Beyond PTO, you receive 5 dedicated CME days plus a $5,000 annual CME allowance for conferences, courses, and professional development. This investment in your continued growth reflects Ivinson's commitment to clinical excellence and physician satisfaction.

  • Starting PTO: 28 days annually for exempt employees (increasing to 33 days at year 3, 38 days at year 7)
  • CME Time: 5 dedicated days for continuing medical education
  • CME Allowance: $5,000 annually for conferences, courses, and educational materials
  • PTO Flexibility: Rollover accumulation up to 480 hours with buyback option during open enrollment
  • Total Time Off: 33+ days in your first year when combining PTO and CME

Comprehensive Health Coverage with Significant Cost Advantages

Your medical coverage through Ivinson provides an exceptional benefit for physician employees: when you receive care at Ivinson facilities, the deductible is waived entirely and you pay only 10% coinsurance. This means routine visits to Ivinson Medical Group clinics, lab work, imaging, and hospital services cost you a fraction of what colleagues pay elsewhere. The plan extends through UCHealth's network for specialty care in Denver when needed.

You can choose between two medical plan options. The Standard Plan offers lower deductibles ($1,500 individual for network care) with slightly higher premiums. The Value Plan features higher deductibles but lower per-paycheck costs. Both plans cover your family, with dependent coverage available for spouse and children through age 26.

  • Tier 1 Coverage (Ivinson Facilities): 90% paid by employer, deductible waived
  • Tier 2 Coverage (UCHealth Network): 80% paid after deductible, including Denver specialists
  • Standard Plan Deductibles: $1,500 individual / $2,500 family (Tier 2)
  • Prescription Coverage: Generic medications $5-$15; brand medications with percentage copay
  • Dental Coverage: Delta Dental with 100% preventive, 75% basic, 50% major services
  • Vision Coverage: VSP plan with annual exam, $130 frame allowance, lens coverage
  • Premium Advantage: Full-time employee-only medical coverage starts at $39.06-$66.63 per pay period depending on plan choice

Retirement and Long-Term Security

Ivinson automatically enrolls you in the 403(b) retirement plan through Principal Financial Group, with employer matching that increases as your tenure grows. The hospital matches 3% from day one, increasing to 4% after your third year and 5% after your seventh year. This escalating match rewards your commitment to the organization and community while building substantial retirement savings over time.

The retirement program includes access to WellCents financial wellness resources, personalized investment guidance through RetireView, and dedicated support from Principal's contact center. You can adjust your contribution levels at any time and access your account through Principal's website or mobile app.

  • 403(b) Retirement Plan: Automatic enrollment with immediate vesting
  • Employer Match: 3% starting, increasing to 4% (year 3) and 5% (year 7)
  • Financial Wellness: WellCents assessment and counseling resources
  • Investment Support: RetireView personalized investment guidance
  • Flexible Spending Accounts: Healthcare FSA and Dependent Care FSA (up to $7,500) available with pre-tax contributions

Life Insurance and Disability Protection

As a full-time physician, you receive life insurance coverage at 2x your annual earnings, up to $600,000 with a guarantee issue of $425,000. This coverage activates automatically, providing immediate protection for your family without medical underwriting for the guaranteed amount.

Long-term disability coverage protects your income if illness or injury prevents you from practicing. After a 90-day elimination period, the plan pays 60% of your pre-disability earnings up to $9,999 monthly. Additional voluntary benefits including short-term disability, critical illness, accident insurance, and supplemental life insurance are available during annual enrollment.

  • Group Life Insurance: 2x annual salary up to $600,000 (guarantee issue $425,000)
  • AD&D Coverage: Included with group life insurance
  • Long-Term Disability: 60% of earnings up to $9,999/month after 90-day elimination period
  • Voluntary Options: Additional life, short-term disability, critical illness, accident, and whole life insurance available

Mental Health and Employee Wellbeing

Ivinson prioritizes the mental health of its team members, offering up to six free, confidential, in-person counseling sessions annually through Pathways Mental Health Professionals in Laramie. These sessions are available for work stress, anxiety, depression, relationship concerns, grief, or simply having someone to talk to. Additional telehealth mental health support provides three free sessions when in-person visits are not convenient.

The Employee Assistance Program extends beyond counseling to include financial counseling through WellCents, legal assistance, and will preparation services. This comprehensive support recognizes that physician wellbeing depends on more than clinical satisfaction.

  • In-Person Counseling: 6 free confidential sessions annually through Pathways
  • Telehealth Support: 3 additional free mental health sessions
  • Financial Counseling: Free through WellCents program
  • Legal Assistance: Available through EAP
  • Will Preparation: Included in EAP services
  • Complete Confidentiality: Services available to all employees regardless of benefits status

Professional Development and Education Support

Beyond CME allowances, Ivinson's Education Reimbursement Program provides up to $5,000 annually for courses, certifications, and educational programs that benefit your practice and the organization. The hospital also offers community education courses including BLS, ACLS, and PALS, keeping your credentials current without the expense of external programs.

  • Education Reimbursement: Up to $5,000 annually for qualifying courses and certifications
  • On-Site Certifications: BLS, ACLS, PALS, and specialty courses offered through Ivinson
  • Professional Growth: Supported path for additional training and specialization

Lifestyle Perks and Community Discounts

Your Ivinson employment includes practical benefits that enhance daily life in Laramie. Childcare discounts of 25% at Basic Beginnings address a significant family expense. The 15% discount on annual memberships at Laramie Recreation Center and reduced rates at Altitude Fitness support your personal wellness. A complimentary annual blood screening through Ivinson's laboratory helps you monitor your own health proactively.

  • Childcare Discount: 25% off at Basic Beginnings daycare
  • Fitness Discounts: 15% off Laramie Rec Center membership; $35/$65 individual/couple at Altitude Fitness
  • Annual Blood Screening: Complimentary full panel through Ivinson Laboratory
  • Hearing Aid Discount: 25% off devices through Ivinson Audiology with payroll deduction option
  • Mobile Discounts: 20% off Verizon Wireless; 24% off AT&T services
  • Local Perks: 10% off at Human Bean coffee; discounted Elitch Gardens tickets

The complete compensation package reflects Ivinson's understanding that attracting excellent pediatricians to Laramie requires more than competitive salary. The combination of fair base pay, Wyoming's tax advantages, Laramie's affordable living, generous time off, comprehensive benefits, and thoughtful perks creates genuine financial security and work-life balance that many metropolitan positions cannot match despite higher nominal salaries.

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