I am probably the number one alarmist, "hater," fearmonger here.
1) Residency slots have more than doubled (90 to 200 and growing) since the early 2000's so how can that not impact the job market. Oldgreyradonc, who has an opposing view, even admits that it was not a cakewalk to get a job back then, before the expansion. In what world do you live in that this has no bearing on a job market already faced with hypofractionation and hospital consolidations and shouldnt lead to concern?
2) Notion of private practice: Most radoncs are like myself, employed by a community hospital, according to surveys, and salaried. I am "private practice" because I dont work for a university is nonsensical. I have never seen a penny of technical fees. I have always received a salary and RVU production bonus that has no incentive for IMRT treatments, which is by far the most common form of employment. Presently, I know of one or 2 docs in desirable metropolitan areas that get any kind of technical component. And if I was truly in private practice and greedy, I would be totally in favor of more residents to exploit.
3) How would I benefit from lower quality applicants in terms of jobs five years from now? Residency slots are unchanged. There would still be the same number of docs coming out with MSKCC Harvard and MDACC, etc on their resumes, very desirable to my administrators? Lower quality docs ultimately just deligitimize the entire field and lead to less innovation, which is not in my interest.
4)fees: if the same hospital procedures are on average
70% more expensive in Northern california vs Southern, isnt it completely reasonable that there are much larger differentials between MSKCC and 21 C in yonkers/wescherster? Our own reimbursement for stereo for bone is about 4-5x less what the Mayo clinic says they charge on mednet.
5) Yes, 10-15 years ago imrt was exploited by private practice-
Beams and Schemes is a seminal article, but now it is the academic centers who are expanding with satellites. At the heart of the issue, however, is the fixed cost nature of radiation economics (so price increases are tremedous windfall) but now, the landscape tremendously favors the large hospital systems with tremendous negotiating clout due to presence or reputation. And when they acquire relative pricing advantages, it only financially makes sense for them to acquire rivals, set up satellites. There is so much academic and lay literature on prices in these systems (
not utilization) as the single biggest issue in health care. It makes front page of NY times/wash post/la times several times a year as well as JAMA, etc-
6) if a medstudent wants to investigate the job market, rotate, speak with residents and junior attendings. Find out why locums rates havent changed in 20 years and are lower than daily salaries with benefits, see if there is mobility with junior faculty etc, Has there been a growth in "fellowships" in recent years.