Contract & Benefits

Physician Recruitment Process and Compensation Overview

An outpatient neurologist at WK Pierremont enters a clinic turning away approximately 100 referrals per week, meaning panel-building will be rapid once the physician is credentialed. With a dedicated neurohospitalist program covering all inpatient and after-hours cases, this is a pure outpatient role with no call obligation. The experienced base of $375,000 sits above the MGMA median for general neurology ($369,011), providing above-median income security from day one. The calculated incentive threshold falls just above the MGMA 75th percentile for wRVU production, meaning physicians who build volume to that level will generate meaningful incentive compensation above the guaranteed base. At the 75th percentile, total estimated compensation reaches approximately $464,000 for experienced physicians.


Compensation Table

*This model includes assumed and/or estimated inputs where data was not provided. Assumptions are clearly marked. Final compensation details are to be confirmed by the employer.

Variable Value
Clinical Days per Week 5*
Clinical Hours per Week 40*
Patients per Day 12*
Weeks Worked 46*
Base Salary — Experienced $375,000
Base Salary — New Graduate $325,000
Conversion Factor — Experienced $67.00 per wRVU
Conversion Factor — New Graduate $59.00 per wRVU
Incentive Threshold — Experienced 5,597 wRVUs* (Base ÷ CF = $375,000 ÷ $67)
Incentive Threshold — New Graduate 5,508 wRVUs* (Base ÷ CF = $325,000 ÷ $59)
wRVU per Visit 2.00* (MGMA median total wRVU ÷ estimated annual visits)
Affiliation Bonus $25,000 over 3 years or $50,000 over 5 years
Relocation $10,000

Production Calculations

Variable Formula Value
Annual Visits 5 days × 12 pts × 46 weeks 2,760 visits*
Total wRVUs — Assumed Schedule 2,760 × 2.00 wRVU/visit 5,520 wRVUs*
Total wRVUs — MGMA Median MGMA Neurology Overall Median 5,059 wRVUs*
Total wRVUs — MGMA 75th Percentile MGMA Neurology Overall 75th 6,932 wRVUs*
Total wRVUs — MGMA 90th Percentile MGMA Neurology Overall 90th 9,431 wRVUs*

Compensation Model

Experienced Physician | Base: $375,000 | Threshold: 5,597 wRVUs* | CF: $67

Scenario Total wRVUs Incentive Formula Incentive Total Compensation
MGMA Median (5,059*) 5,059* Below threshold $0 $375,000
Assumed Schedule (5,520*) 5,520* Below threshold $0 $375,000
MGMA 75th (6,932*) 6,932* (6,9325,597) × $67 $89,445* $464,445*
MGMA 90th (9,431*) 9,431* (9,4315,597) × $67 $256,878* $631,878*

New Graduate | Base: $325,000 | Threshold: 5,508 wRVUs* | CF: $59

Scenario Total wRVUs Incentive Formula Incentive Total Compensation
MGMA Median (5,059*) 5,059* Below threshold $0 $325,000
MGMA 75th (6,932*) 6,932* (6,9325,508) × $59 $84,016* $409,016*
MGMA 90th (9,431*) 9,431* (9,4315,508) × $59 $231,457* $556,457*

Market Benchmark Comparison

Metric Calculated Value MGMA Percentile Interpretation
Base Salary — Experienced $375,000 ~50th–75th* Above MGMA median ($369,011); competitive entry point
Total Compensation — Experienced at 75th Production $464,445* ~75th* Market-Aligned Compensation
Total Compensation — New Grad at 75th Production $409,016* ~50th–75th* Market-Aligned Compensation
wRVU Productivity — MGMA Median 5,059* 50th* MGMA Neurology Overall
Incentive Threshold — Experienced 5,597 wRVUs* ~60th* Threshold set above median; incentive begins at above-median production
Incentive Threshold — New Graduate 5,508 wRVUs* ~55th–60th* Similar positioning to experienced threshold
Pay per wRVU — Experienced at 75th Production $67.00 Just below MGMA median ($70.19*) Conversion factor slightly below MGMA median; offset by above-median base salary

MGMA Source: Neurology — Overall (2025 MGMA DataDive)
wRVU Percentiles: 10th: 2,413 | 25th: 3,739 | Median: 5,059 | 75th: 6,932 | 90th: 9,431
Compensation Percentiles: 10th: $247,711 | 25th: $315,652 | Median: $369,011 | 75th: $446,457 | 90th: $600,027

Market Alignment: Market-Aligned Compensation at 75th percentile production. Physicians producing at the MGMA median earn the base salary only ($375,000), which itself exceeds the MGMA median — a favorable outcome. Strong upside for physicians who develop a subspecialty focus and build volume above the median.


Three Year Projection

Experienced Physician

Year wRVU Assumption Total Compensation
Year 1 — Ramp 3,500* $375,000*
Year 2 — Full Production (MGMA 75th) 6,932* $464,445*
Year 3 — Year 2 × 1.03 7,140* $478,378*

New Graduate

Year wRVU Assumption Total Compensation
Year 1 — Ramp 2,800* $325,000*
Year 2 — Full Production (MGMA 75th) 6,932* $409,016*
Year 3 — Year 2 × 1.03 7,140* $421,287*

Malpractice Coverage

Variable Value
Coverage Type Occurrence or claims-made with tail*
Typical Louisiana Standard $1M / $3M*
Source Not confirmed — to be verified with client

Benefits and Additional Compensation

Willis-Knighton provides a comprehensive benefits package for all full-time and part-time employed physicians. Benefits are effective July 1, 2025. The items below are not reflected in the production model above.

Medical Insurance

Coverage Monthly Premium Biweekly Premium
Employee Only $120.00 $55.38
Employee + Spouse $373.00 $172.15
Employee + Child(ren) $354.00 $163.38
Family $499.00 $230.31

PCP copay: $25 (Tier 1 and 2); Specialist copay: $45 (Tier 1), $60 (Tier 2)

ER copay: $200; Urgent Care: $50; Outpatient Hospital: $125/visit; Hospital admit: $400

Prescription deductible: $250 annually; Generic $15 / Preferred Brand $40 / Non-Preferred Brand $55 (30-day supply)

Tobacco surcharge: $72.28/month; Spousal Access Fee: $300/month if spouse has access to coverage elsewhere

Spousal Incentive Plan (SIP): if spouse has employer-sponsored coverage available, WK reimburses eligible out-of-pocket expenses up to 100% for WK facilities; 70% for non-WK facilities

Healthy Merits Incentive: opportunity to earn a $600 annual premium credit

Dental Insurance

Plan Employee Monthly Family Monthly
Basic $24.28 $74.43
Enhanced $34.17 $104.85
In-Network Only $31.59 $93.60

Preventive: covered 100% across all plans

Basic services: 70% (Basic plan), 80% (Enhanced and In-Network Only)

Major services: 40% (Basic), 60% (Enhanced and In-Network Only)

Orthodontia: 50% up to $2,500 lifetime maximum to age 21 (Enhanced and In-Network Only)

Annual maximum: $1,000 (Basic), $1,500 (Enhanced), $2,500 (In-Network Only)

Vision Insurance

Coverage Monthly Premium
Employee Only $6.40
Employee + Spouse $12.66
Employee + Child(ren) $11.78
Family $18.70

Annual eye exam covered in full at WK facilities (Tier 1); $20 copay at VSP providers (Tier 2)

Frames reimbursed up to $150; single vision lenses covered in full (Tier 2)

Elective contacts reimbursed up to $150 (Tier 2)

Life and AD&D Insurance

Employer-Paid Life/AD&D: 2.5 times annual base salary up to $500,000; spouse $10,000; dependents $5,000 (to age 26, unmarried)

Supplemental Life/AD&D: Employee may elect up to 3 times annual salary up to $1.2 million; guaranteed issue up to $325,000 without Evidence of Insurability

Disability Insurance

Plan Benefit Elimination Period Duration
Short-Term Disability (Employer-Paid) 60% of weekly earnings up to $650/week 14 days 24 weeks
Long-Term Disability (Employer-Paid) 50% of monthly earnings up to $6,000/month 180 days Age-dependent

STD and LTD buy-up options available for additional coverage at employee cost

Retirement

Defined Benefit Pension (Employer-Paid): Automatic enrollment after one year of employment; benefit based on average of five highest consecutive years of earnings multiplied by years of service; 100% vested after five consecutive years; normal retirement age 65; administered through Corebridge Financial

403(b): Pre-tax and post-tax contribution options via payroll deduction through Corebridge Financial

Flexible Spending Accounts

Health Care Reimbursement Account (HCRA): up to $3,300 annually

Dependent Care Reimbursement Account (DCRA): up to $7,500 annually

Additional Benefits

  • Tuition reimbursement
  • On-site fitness center
  • Employee Assistance Plan (EAP)
  • Legal plan
  • Critical illness insurance
  • Pet insurance
  • Credit union access
  • Home and auto insurance discounts
  • LifeLock identity theft protection
  • Cafeteria discount
  • Various local company discounts
  • Jury duty, funeral leave, and holiday pay

Additional Compensation

  • Affiliation bonus: $25,000 over 3 years or $50,000 over 5 years (provided)
  • Relocation assistance: $10,000 (provided)
  • Sign-on bonus: $25,000

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