What to expect as a CPMG Physician

As a physician-led group, we know what goes into healing and building healthier communities. We also believe in providing transparency for our members and physicians alike.

Our total compensation package is comprised of three components: Base Compensation, Incentive/Bonus Plan and Additional Benefits. Explore our compensation and benefits packages below.

  • Large multi-specialty group that cares for 680,000 members -- there's no need to build a practice  
  • Systems that support practice and coordinate care: Chronic care coordinators, senior coordinators, clinical pharmacists, etc.
  • Physician led
  • Salary-based physicians who practice evidence-based medicine where evidence exists; not incented to provide unnecessary care

Select Benefits

Select Benefits: Health Coverage and Medical Plan

The select benefits are the flexible benefits program for eligible physicians of the Colorado Permanente Medical Group, P.C. You will have the opportunity to select the benefits options and levels of coverage that best meet your unique needs, lifestyle and situation.

Health Coverage

  • You may select from four different Basic Medical options.
  • Three of the basic medical options provide health care managed by Kaiser Permanente to ensure that you receive the best services possible. They offer the same medical services and benefits, but you pay different amounts for doctor’s office visits or prescription drugs, depending on the plan you select.
  • The fourth medical option is a Kaiser Point of Service plan. When you enroll in the Point of Service Plan, based on certain limitations, you have the options of receiving care through Kaiser Permanente providers, known as “In-Plan” care. When you select Basic HMO Medical coverage, you are automatically enrolled for coverage under the Supplemental Medical Plan.

Supplemental Medical Plan

If you elect one of the HMO plans, our Supplemental Medical Coverage reimburses you for certain eligible health care expenses that aren’t covered by basic medical plans or that exceed their limits.

Life Insurance

Basic Group Term Life Insurance

The physician will receive Group paid coverage based upon the physician's age, length of service and compensation.

Time-Off Benefits

Paid Vacation

The calendar year benefit (Jan. 1 – Dec. 31) is prorated upon hire for the first year. Annually unused vacation may not be carried over to the next year.

Completed Years of Service 0-5 6-15 16 +
Annual Accrual 15 days 20 days 25 days


CME Education & Allowance

Continuing Medical Education (CME) Days and Monetary Allowance

Monetary allowance and paid time off are allotted for continuing medical education (CME) to support and encourage quality and innovation at Kaiser Permanente. 

Salary Continuances

Short- and Long-Term Disability

CPMG offers short- and long-term disability insurance to its physicians.

Retirement Benefits

Retirement Plan

Our retirement package is comprised of two plans: our 401(k) Plan, which is voluntary on the physician's part, and the Defined Benefit Retirement Plan (Cash Balance), which is automatic and fully funded by the Medical Group into a Cash Balance account.

401(k) Plan

You are eligible to enroll immediately into our 401(k) Plan upon hire. If you currently have a 401(k) or TSA/403(b), you should be able to rollover funds into our 401(k). The maximum allowable contribution per year is established by the IRS. If the physician contributes the maximum pre-tax amount into the 401(k), the entire amount of any eligible Incentive/Bonus will be placed into the physician's 401(k) plan on a pre-tax basis.

Defined Benefit Retirement Plan (Cash Balance)

CPMG provides a Defined Benefit Retirement Plan (Cash Balance), funded by the Medical Group at no cost to the physician. The plan has a one-year waiting period with plan entry dates only in January or July. There is a vesting requirement of three years of service. Prior Permanente Medical Group service counts toward vesting and eligibility. There are no age or service restrictions for retirement distributions.

At the end of the calendar year, CPMG makes an annual contribution to the physician’s Cash Balance account based on their base salary with guaranteed interest credit on the previous year’s balance. 

Compensation/Bonus Plan

Base Compensation

CPMG is comprised of 36 specialties, each having their own pay structure and pay levels. A new physician is generally assigned a salary level according to years of experience outside of his or her residency.

Incentive/Bonus Plan

Eligibility for the Plan occurs upon approval of shareholder status.

Shareholder Eligibility

To attain shareholder status, a physician will need to complete at least three years of service for full-time regular physicians and four years for part-time regular physicians. In addition to meeting the service eligibility, the requirements for shareholdership include board certification and demonstrated strong performance to date. Once approved by the Board of Directors, a physician will be issued one share; no physician has greater than one share. The share translates into voting privileges on bylaws and election of the Board of Directors. In addition to voting privileges, certain benefits improve upon attainment of shareholder status.

Volunteer Opportunities

CPMG physicians have the opportunity to participate in voluntary activities that support our mission. We’re very intentional about improving the health and vitality of Coloradans and are committed to providing resources that improve community health. We recognize safety net clinics as essential community partners and we’re committed to supporting them in a variety of ways, including with physician volunteers. Through this voluntary program, physicians can serve up to 8 hours per month to deliver care directly to patients of our safety net clinic partners.

More details regarding the benefits may be obtained by calling our recruiters.

Benefits are subject to change, and recent changes may not be reflected in this overview.