Lexington Clinic is a private, for-profit organization, owned by its physician partners and governed by a board of directors.
Opportunity for partnership is available after one year.
1. Employed for at least twelve (12) months with Lexington Clinic.
2. Board certified in field of practice or board eligible per criteria of the specialty.
3. Off salary support for at least three (3) consecutive months or exhibiting appropriate practice growth.
4. Support of Head of Section: a. Meets all meeting attendance requirements
b. Codes appropriately
c. Turns in charge sheets promptly
d. Medical records/communications acceptable
e. Interacts with staff/physicians appropriately
5. Endorsement of Chief Medical Officer:
a. Patient survey results acceptable
b. Physician survey results acceptable
c. No substantive complaints from staff, patients, or referring physicians
d. No substantive malpractice claims
e. Good effort to build practice (i.e., giving talks, involvement in medical society and/or
hospital committees, involvement in community, visits to referring physicians, etc.)
6. Board Approval
Class A Stock is voting stock and for those selected for ownership is normally purchased over the first three to six years of employment. For full-time physicians selected to become owners, two shares are purchased at the end of the first year, two shares at the end of the second year, and two shares at the end of the third year. The price of shares is $50 per share. The total allowable shares for any physician is six Class A Voting Shares. These voting shares are used to elect the Board of Directors and for any other stockholder's issues including by-law changes. The purchase is made through a salary deduction.
In addition to Class A Stock, each shareholder physician who is employed on a full-time basis shall, with the approval of the Board of Directors, or unless determined otherwise by the Board of Directors, purchase from the corporation Class B Common Stock. The total allowable shares for any physician is 18 shares of Class B Common Stock.
Lexington Clinic is Central Kentucky's largest and oldest medical group. We have more than 200 providers in more than 30 specialties taking care of 600,000+ patients in the Lexington community since 1920.