OK, I'll bite. Tell us what specialties are currently available for FAP and the case volume and clinical experience these physicians can expect once they enter their payback.
Or just go away after 3 posts like every other recruiter.
Well Hello, I'm glad this thread has a few comedians... at least some personality!
So yes, I'm sure some of you have seen some stuff here and there about this topic..
Since I know noting about who you are, I'm just going to start with the basics... hopefully that will change with future postings.
Believe it or not, there were only 9 FAP contracts available this year (october 1st)
the number is very small considering we have a national market, as of today, 2 have been granted and there are 8 in work, for only 7 FAPs left. BTW, if you haven't noticed, these go very fast! FAP is open to all medical corps specialties:
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Surgical: General Surgery, Orthopedic Surgery and Urology,
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Primary: Family Med, Psychiatry, Emergency Med, Dermatology and Pulmonology/Critical Care
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Ancillary: Prev Med, Occupational Med, Diagnostic Radiology and Anesthesiology.
FAP is a financial incentive (obviously) for residents who may have considered the NAVY as an alternative at one point in their medical career. Maybe, some of you might have heard about HPSP and HSCP at some point in your education as well, but passed on it, or maybe you were oblivious to their existence. So here you are, MED school is done and you are starting your grind towards the final goal.
So here is the recruiter again, this time with a different tune. . .
What is the Financial Assistance Program?
The Navy Financial Assistance Program (FAP) is a Navy Medicine accession program designed for physicians in residency training in specialties in which Navy Medicine has manning needs. Trainees in all specialties will be considered.
What are the benefits of the program?
As of July 1, 2008 the annual bonus increased to $45,000 and the monthly stipend to $1,907. Participants receive Navy Commissions and are in the Individual Ready Reserve (non drilling reserve) while in the FAP.
While in the program will I be called to active duty?
Participation in the FAP will
not put you at risk of being called to active duty prior to completion of residency training. Program participants are authorized 2 weeks of active duty for training (AT) per year. If a participant’s residency training schedule will not permit the 2 weeks of AT, then it can be served at the residency site on “school orders.”
What is my active duty obligation to the Navy for participation in FAP?
Participants incur a year-for-year plus one active duty obligation for program participation. For example: 3 years of program participation will result in a 4-year active duty obligation.
Does time spent in FAP sponsored training count toward the 20 years needed for active duty retirement? No, the time in FAP does not count toward active duty retirement.
Does the time spent in FAP count for pay purposes? Yes, the years spent in FAP will impact on the base pay amount upon reporting to active duty.
Example: A participant who completes a FAP sponsored 4-year residency before reporting to active duty will be paid ~ $1,000/month more in base pay than a contemporary who did not complete the FAP program.
FAP participants are also eligible for four of the five medical corps special pay bonuses upon reporting to active duty. These include Variable Special Pay ($5,000-$12,000/yr, amount determined by longevity), Board Certification Pay ($2,500/yr), Additional Special Pay ($15,000/yr) and Incentive Special Pay ($12,000-$36,000/yr, amount determined by specialty)
Does the time spent in FAP count toward promotion to the next higher rank?
Yes, time spent in the IRR counts toward promotion both within in the Reserve and later on active duty. The typical Lieutenant serves 5-6 years before being promoted to Lieutenant Commander (LCDR). Some FAP participants who are training in longer residency programs (surgical specialties) will be selected for promotion to LCDR while in the IRR before reporting to active duty. Others who completed shorter periods of time in the IRR will be considered for promotion (in-zone) within 2-3 years of reporting to active duty.
Yes I copied and pasted the last portion...do you blame me (lol)
If you have more questions please ask.... I do have a daytime job though!
<------ maybe this one
