BC/BE Dermatologists
Princeton & Central New Jersey, New Jersey
LOCATION DESCRIPTION
Princeton Dermatology Associates is a large general and surgical dermatology practice, with five (5) Central NJ locations in Princeton, Plainsboro, North Brunswick, Monroe Township, and Hillsborough (all within 12 miles from our Princeton headquarters). All offices are located within very attractive suburban settings at some of the most desirable communities in the US, with excellent school systems, great universities (such as Princeton University and Rutgers), and wide availability of highly diverse educational, cultural and entertainment opportunities. All offices are approximately an hour’s drive from New York City, Philadelphia, the NJ shore and/or the Poconos.
PRACTICE OPPORTUNITY
We have two (2) openings available for full-time physicians. Part-time candidate openings are also available. We welcome candidates seeking a long-term relationship with partnership potential. Physicians who are already licensed and credentialed in New Jersey are especially welcomed. We offer a very competitive compensation package that includes strong incentives with multiple streams of income, paid malpractice insurance, health, dental, and vision insurance, vacation, CME allowance, a very generous 401k Plan, as well as optional opportunities for clinical teaching engagements. The successful applicants should have excellent clinical and surgical skills, exceptional bedside manner, and share our commitment to deliver the highest quality of care to our patients in a collaborative, friendly, and professional environment.
COMPENSATION & BENEFITS
Guaranteed Base Salary- Year 1 & 2
- $400,000 for full-time candidates
- Sign Up Bonus: $25,000 for full-time candidates
Production Incentive
- 50% on net collections after 2.25x base salary (current full-time general dermatology providers bring in between $900,000 to $2.5 million in net annual collections each).
- Princeton Dermatology Associates is a member of a Clinically Integrated Network of Central Jersey Providers consisting of over 550 physicians of various specialties. As such, our commercial insurance rates are 125% or higher than standard insurance reimbursement rates.
Benefits
- Retention Bonus/Loan Forgiveness up to $100,000 - $150,000 (Requires multi-year commitment from physician). Amount provided is negotiable based on the physician and their experience.
- PTO: 20 days (full-time candidates)
- Holidays: 6 days
- CME: 1 week (full-time candidates)
- Expense Allotment: Covers professional licenses, dues, CME, etc.
- 401k: Safe Harbor Matching at 4% of salary (i.e., no vesting period for the matching funds).
- Medical, Dental and Vision Insurance
Partnership
- 2-year track - If the physician candidate wishes to become a partner, after the initial waiting period, and the practice agrees, the physician is invited to buy into the practice’s Assets (at a nominal value) and the practice’s Goodwill (the rest of the purchase price). As soon as the Physician buys a % of the Assets, they gain control of the corresponding % of company shares and profits, which they can use to increase their compensation plus purchase the goodwill with the practice’s money. If and when, the Physician leaves or retires, they can sell their shares back to the practice under the same exact formula they bought in.
Extra Incentives
- The physician may earn additional compensation for supervising PAs, ANPs, or Aestheticians. The physician IS NOT obligated to supervise anybody unless they so choose. In terms of incentive compensation, the physician receives 10% of all midlevel production they sign off for in year 1 if the midlevel is new to dermatology. In Year 2 they receive 7.5%, and year 3 they receive 5%. If the NP or PA has prior dermatology experience, the physician earns 5% of everything they sign off on annually. Irrespective of the above, at any time, the physician receives 10% for the 3rd and 4th and so on, PAs or NPs they may choose to supervise. In addition, the physician receives 5% for signing off on Aestheticians’ charts. Practice physicians have earned in excess of $90,000 annually from this incentive stream.
Contact Information
Constantinos J. Papathomas, MBA, Ph.D.
Chief Executive Officer
Princeton Dermatology Associates
208 Bunn Drive
Princeton, NJ 08540
Phone: (609) 683-4999 Ext. 100
Fax: (609) 683-0298
E-mail: cpapathomas@princetonderm.com
Website: www.princetonderm.com
#J-18808-Ljbffr
