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How about when residents moonlight--are they able to bill?
Usually they are paid a straight rate, not personal billing.
How about when residents moonlight--are they able to bill?
Do the hospitals bill for their service?Usually they are paid a straight rate, not personal billing.
Do the hospitals bill for their service?
"That's the way its always been done, so that's the way it should be", is an attitude that is going to bury American medicine. The mid levels have already said FU to that way of thinking and started lobby hard for independent practice and in a lot of states they are winning. I wonder if its a generational thing, younger physicians are probably more likely to challenge the status quo than submit to good ol boy club idealism. There is no reason residents couldn't be paid more, they should be paid more, and the fact that people with less education can bill for their efforts, while a docotor who have finished PGY 1 and has a license to practice medicine can't is insulting.
My med school gave 2 to the interns and 4 to the seniors lol.
Or you can go the MGH route and decide assigning individual vacations is too much of a pain and just assign each resident a 4 week block off
My friend's gen surg program mirrors mgh there. Seems soul crushing
This isn't a universal law of the universe. Why shouldn't resident physicians with a full license bill as a midlevel? It doesn't make any sense that they can't, other than "that's the way it's done".
Obviously they are confused about two things. First of all, residency is training, you are studying, you are basically still in school except you are getting paid a bit to live. So actually, considering the hospital is putting in resources to train you, then you get what you get. Lastly, medicare funds residency, the government controls residency positions essentially, so while you are not technically a government employee, you are indirectly being paid by the government, and since when has the government paid anything but the minimum.
Obviously they are confused about two things. First of all, residency is training, you are studying, you are basically still in school except you are getting paid a bit to live. So actually, considering the hospital is putting in resources to train you, then you get what you get. Lastly, medicare funds residency, the government controls residency positions essentially, so while you are not technically a government employee, you are indirectly being paid by the government, and since when has the government paid anything but the minimum.
They're not really confused. Residency isn't really training, and you're definitely not a student. Its work and you're an employee..
Basically academic medicine works on the same business model as college football. They have both managed to convince the government that they should be allowed not to pay their immensely profitable employees, despite the fact that they are paying themselves millions and taking taxpayer dollars besides. They've also convinced the government that their employees shouldn't even be afforded labor rights, and that the programs should be exempt from antitrust legislation so that they can collude to keep salaries low. To keep the employees from revolting they give a barely living wage stipend, and they make it clear that anyone who keeps their head down and doesn't make waves has a shot a really good job in 4 years. The only difference is that, at least in residency, most of us do at least get the job when we get free of them.
It's ok as long as we don't spend it on welfare queens ...When they are giving it handouts to their buddies in haliburton and trying to build 100 million dollar bridges in the middle of nowhere
Maybe you should address his whole quote instead of just nitpicking a small portion of it.
They're not really confused. Residency isn't really training, and you're definitely not a student. Its work and you're an employee..
Basically academic medicine works on the same business model as college football. They have both managed to convince the government that they should be allowed not to pay their immensely profitable employees, despite the fact that they are paying themselves millions and taking taxpayer dollars besides. They've also convinced the government that their employees shouldn't even be afforded labor rights, and that the programs should be exempt from antitrust legislation so that they can collude to keep salaries low. To keep the employees from revolting they give a barely living wage stipend, and they make it clear that anyone who keeps their head down and doesn't make waves has a shot a really good job in 4 years. The only difference is that, at least in residency, most of us do at least get the job when we get free of them.
Maybe you should address his whole quote instead of just nitpicking a small portion of it.
Residency isn't really training...
I had no intention of coming across as addressing the entire post with that reply, it was merely in response to the bolded statement which I found bizarre. Residency isn't really training? Come on, if anyone thinks they come out of med school even 10% to practice any specialty independently and unsupervised, I'd accuse that person of having a bad case of hubris.
Regardless, if we were to change the system in a way that allowed residents more liberty in negotiating their salaries, how would you envision that system being structured? There are more candidates desiring residency training than there are positions, and potential residents / residents-in-training have considerably more to lose by not completing training than programs do losing a resident - programs hold considerably more power in any sort of non-match based system.
fun fact: According to the New England Journal of Medicine, when adjusted for inflation, resident compensation has not changed in 40 years
Roughly a third of AMGs have medical school fully paid for from the last report I read. That third would be the ones that snagged positions in derm derm, etc., if they charged tuition. This is actually a big reason certain ACGME rules exist, such as those requiring equal pay for all residents, as some affluent residents could simply use taking zero pay as an incentive to bring them on board, making their whole government subsidy gravy. A lot of people don't realize the sorts of shenanigans that went on before more stringent residency rules were adopted. Programs used to have all the power, and could do as they wished, which led to all sorts of terrible treatment of applicants and residents. We literally weren't even paid back in the day, aside from room and board, that's how bad things were. Now I fear the needle has swung too far, with residents gaining all the power via a system that has completely shielded them from market forces now feeling entitled to ever more from the programs that are educating them.That is one AOA program out of so many and you don't have to apply there if you don't have IM residency completed.
No AMG with 250k of med school debt will take another 150k, unless they're very very affluent. Either way you'll still get lower caliber stat applicants. It's Derm not Neurosurgery level attending salaries.
Just because you think creating a "fellowship" out of thin air deserves accreditation, it doesn't mean it should get it. You don't have that right when you are asking for taxpayer money which funds ACGME residencies and fellowships. So as a nonaccredited fellowship with no taxpayer funding and voluntary, you get what the market yields, even if it's 5k. Tough.
Given how astoundingly useless and outright dangerous many interns and some second year residents are, I'd say that training is sorely needed. You're getting paid and full benefits while being educated, that's not a bad deal.There's an economic term for residency.....indentured slavery. It goes something like this:
"Hey, we'll pay you minimum wage for the right to train at our hospital. It's not like our country has a crippling physician shortage, so we'll create the illusion that you need us more than we need you through our lobbying of the brain dead politburo. Don't worry, you'll be making low to mid 6 figures within the next 3-4 years. Just don't plan on getting married, having kids or dying. "
http://www.payscale.com/college-salary-report/majors-that-pay-you-back/bachelors
Engineers straight out of undergrad are definitely making more than most residents. A resident should be considered "mid-career" as they would already would be out of undergrad 5+ years (with an advanced graduate degree). When you factor in the the time value of money and the debt of undergrad + medical school, to be paid minimum or slightly above minimum wage is a slap in the face.
fun fact: According to the New England Journal of Medicine, when adjusted for inflation, resident compensation has not changed in 40 years
"I want all the money for shorter training and I want all that money while I'm training too, damn it!"I don't know about you, but I'd rather make more money sooner and enjoy it when I'm younger and healthier, than less money now and more later. (And by 'enjoy it', I mean pay off my debts, lol)
Either way my point was, residency is a long time to just brush off, whether it's 4 years or 7. Most Americans will have changed jobs numerous times to get higher salaries in that period.
And then you see PA's and NPs who just graduated with less education than you getting paid more and needing just as much supervision? That doesn't really make sense.
They may do less work but the point being the compensation being offered today would not sustain the same lifestyle that residents were able to afford in 1975 after accounting for debt payments.OK, and? Given that residents actually do less work than 40 years ago, I fail to see the problem here.
As has been said many times in this thread already...They may do less work but the point being the compensation being offered today would not sustain the same lifestyle that residents were able to afford in 1975 after accounting for debt payments.
Based on AAMC's numbers:
resident pay in 1975: actual= $11,685
inflation adj.(2015)= $52,000
reality in 2105= $55,400
% increase = 6.5%
UPENN's archives:
medical tuition in 1975: actual= $4310
inflation adj.(2015)= $19,180
reality in 2015= $50,444
% increase = 163%!!!
As has been said many times in this thread already...
Why is increasing tuition for med school the responsibility of the residency programs?
Why, because you're now in more debt? That's like saying everyone who works in NYC should get paid more (Regardless of productivity or demand) because the cost of living is higher there than in the midwest.Not saying it is but there should be an equitable increase in the pay residents receive
lol....Are you serious? I hope not. There's a reason why skilled and unskilled workers move to NYC rather than live in Terre Haute. What exactly is wrong with increasing resident pay to match the debt load of students? Manufacturers and retailers raise their prices in response to an increase in prices of raw materials. I just love it when capitalists become afraid of capitalism.Why, because you're now in more debt? That's like saying everyone who works in NYC should get paid more (Regardless of productivity or demand) because the cost of living is higher there than in the midwest.
Do you really not understand the difference between a baker raising the price of bread when flour gets more expensive and a job not raising salaries when education prices get higher?lol....Are you serious? I hope not. There's a reason why skilled and unskilled workers move to NYC rather than live in Terre Haute. What exactly is wrong with increasing resident pay to match the debt load of students? Manufacturers and retailers raise their prices in response to an increase in prices of raw materials. I just love it when capitalists become afraid of capitalism.
I do, hence the reason I said that the capitalist are afraid of capitalismDo you really not understand the difference between a baker raising the price of bread when flour gets more expensive and a job not raising salaries when education prices get higher?
I do, hence the reason I said that the capitalist are afraid of capitalism
Let me clarify: Residency is no more training than any other entry level job. Your are not primarily judged as a trainee (like a medical student) but as an employee. Like any other entry level job, there is aggressive training to get you up to speed, particularly in the first few months, but your are judged primarily on your ability to do a job, and there is a job that you very much need to do. Any engineer who graduates from undergraduate who thinks he is ready to build a bridge would also have a case of hubris, but no engineering firm has the gall to tell their junior, unlicensed engineers that they are students, nor are they treated as such.
FWIW I would replace our system of medical education with the system that is currently in place to train engineers (my last profession). For those who aren't aware, there is a licensing system in place for engineers, but its way more informal and decentralized than medical training. I believe that any sufficiently large (say 6 attendings) group of board certified physicians should be allowed to supervise an unlicensed/uncertified physician. You take a series of standardized tests, and in the meantime you work under the supervision of the board certified physicians that hire you as a midlevel. Your salary would be negotiated based on the value you bring to the practice, and you could leave to find another employer at any time while taking your training time with you. When you work a sufficient number of hours under supervision, have the endorsement of your supervisors, and pass the tests you should become certified yourself. If this model follows the engineering model most physicians would then join the practice they trained in, in fact it wouldn't really be considered a major transition so much as a small promotion and raise.
I also believe that certification should also be broken down into much smaller areas. For example rather than having a board certified Pediatrician I should be certified separately in Nursery care, neonatal/perinatal basic care, pediatric inpatient care, pediatric outpatient care, and basic pediatric intensive care. That way we could stop having physicians waste years learning skills they have no interest in using, and at the same time we could make it much easier for physicians to transfer from one specialty to another.
Academic hospitals would still exist, but they would just be big firms, and would be in competition with small practices for the right to employ and train new grads. They would need to offer competitive pay and benefits packages or they would find themselves without any junior employees.
My position is that academic hospitals collude to take advantage of residents. In a free market they would pay more and offer more humane work environments. They would also be just like everyone else who hires a fresh college/graduate school graduate. There is nothing special about medicine that requires hospitals to violate antitrust legislation to keep employees from ever being rehired if they are fired or quit, or for the government to pay our salaries, or for our salaries and advancement to be fixed regardless of what we bring to the hospital or how fast we learn. Its just regulatory capture, nothing more.
People always forget this aspect of the free market approach. If you allow residencies to set their own prices, you can kiss 50k/year goodbye for things like derm and ortho.However, I do think it's a be careful what you wish for situation from the "free market get rid of the match and residency system as it stands and pay residents like NPs and PAs" standpoint. Would you get paid more? Probably overall but I agree that the more prestigious places would probably pay less and be able to get away with it. Be ready to kiss your electives and easier rotations goodbye though. If you want to be paid like an NP or PA, then be ready to assume the role of an NP or PA. How many research months or months working abroad or cardiology or ortho elective rotations do they get?
Or we could just get rid of the existing GME system all together and implement a system like what @Perrotfish proposed, which makes sense to me.So do you want to negotiate your salary when you match? What if you don't like the match salary, then you can just quit there and go somewhere else? There is no capitalism in this and with the match system there never really will be. You could go back to the old system where you can apply and get an offer that you have only a few days to accept or not from a program. Will you get future offers from better locations? Maybe, but maybe not. So maybe you take what's offered and you miss out on your top choice. That'd be great...
Or we could just get rid of the existing GME system all together and implement a system like what @Perrotfish proposed, which makes sense to me.
People always forget this aspect of the free market approach. If you allow residencies to set their own prices, you can kiss 50k/year goodbye for things like derm and ortho.
I don't really think that's a problem. It's the free market at work. It might actually drive more people into areas of medicine that we actually need...Yeah, that system would be far worse. Plus there really wouldn't be much standardization with that system. Those programs could offer a low salary for something competitive like derm or ortho and people will take it.
That's because dentists can practice without residency and make a good living. If we could practice without residency, that would be another story entirely. You can't compare the two. One is completely optional whereas the other is mandatory.Seems like all the proponents of "free market capitalism" in residency salaries ignore the folks from dentistry who are PAYING TUITION to be in 'residency'. Very easy for similar issues to occur with the more competitive fields.
That is inconsequential for the point being discussed. If you think things are bad salary wise now, just wait until you give programs free reign to do as they please. Plenty of people who gladly pay to be accepted into something like ortho, derm, or ophtho. 50k is a bunch of money compared to 0k.That's because dentists can practice without residency and make a good living. If we could practice without residency, that would be another story entirely. You can't compare the two. One is completely optional whereas the other is mandatory.
Seems like all the proponents of "free market capitalism" in residency salaries ignore the folks from dentistry who are PAYING TUITION to be in 'residency'. Very easy for similar issues to occur with the more competitive fields.
That's a completely different field and irrelevant to us.
Yes, I agree that you can practice without a dentistry residency, but the principles still hold true IMO.
Do you disagree that the most competitive fields would consider dropping their salaries across the board (especially if say all derm residencies cut their pay by 15k/resident/year)?
In what world do derm (or other similarly competitive) residencies go, "Man, we really need to entice people to come to our residency. We're not getting enough 240 Step 1, AOA, all clinical honors applicants, so we should offer more money"
This makes medical school, which is already primarily meant for the wealthiest given the rise in tuition, segregated further. People with 300k in loans coming out of UG and med school are unlikely to take out ADDITIONAL loans just to practice the field they want.
It'd be easier for them to bite the bullet and do FM for let's say 65-70k/year in a 'free market'.
All that being said, in this hypothetical, when do FM programs say "screw increasing payment. We know a ton of FMGs/IMGs that are willing to work for free in order to have a shot of becoming a doctor in the US". Granted, this wouldn't be as severe as possible because the quality of candidates would likely be significantly worse given the larger amount of spots, but I'm sure there are SOME programs, especially ones that are IMG sweatshops already, that would have no issues cutting their salary and finding a warm body desperate enough to become a doctor in the US to fill the spot.
Exactly, thank you.Salaries for medical support services have risen like crazy -- NP's, CRNA's, PT/OT, billers and coders, IT, etc. This is part of the health care crisis. Hospitals are not making tons of money, so paying more for residents is going to need to come from somewhere. Resident salaries are (probably) below what they "are worth" from a business standpoint -- but perhaps not for all residents, all years, or all programs.
That is inconsequential for the point being discussed. If you think things are bad salary wise now, just wait until you give programs free reign to do as they please. Plenty of people who gladly pay to be accepted into something like ortho, derm, or ophtho. 50k is a bunch of money compared to 0k.
And that might very well happen, but I tend to think not. Law, accounting, and Google all pay well from the start because they want to get and keep talent. Residency programs rarely keep us after graduation. Plus, we are not in a very good bargaining position. We need them far more than they need us. The same is not as true for the other situations you mentioned.While that's certainly possible, that hasn't been the result in the other industries that do things the free market way (i.e. all of them). Any engineer would kill to have Google or Apple on their resume, its a golden ticket in the tech industry to have that kind of experience. However the top firms don't charge the junior engineers for the experience, they actually pay way above the market average. Ditto accountants, lawyers, business majors, finance guys, and midlevels. Top firms pay top candidates more, even while they're giving them the kind of top tier experience that builds their resumes. Top firms always care more about getting better talent than the competition more than they care about saving a few bucks by suppressing wages.
We only need them because we gave them the power. We can't get a job without them. If we were like any other healthcare professional (dentists, midlevels, etc) and could get licensed and work as a PCP right out of school, with residency as an option to further specialize, the situation would be very similar to the others mentioned. Of course this would require a massive overhaul of our education system, but I think that is long overdue.And that might very well happen, but I tend to think not. Law, accounting, and Google all pay well from the start because they want to get and keep talent. Residency programs rarely keep us after graduation. Plus, we are not in a very good bargaining position. We need them far more than they need us. The same is not as true for the other situations you mentioned.
So much wrong in this.Amazing to see attendings making 250k+/year who graduated 10+ years ago when tuition was not so high against residents getting a fair wage...