How did I focus on small ticket items? Mentioning it once.
Oh malpractice, well hospitals self fund. They dont buy malpractice on an open market like an individual physician. They fund themselves internally, its called captive insurance. They become their own insurance company and get to take hospital revenue and put it into a fund where the profit that they cant make can be put into.
http://en.m.wikipedia.org/wiki/Captive_insurance
The IRS was very generous with this structure allowing them to write off premiums they pay to themselves, even if the money isn't paid out in a case. So lets hear the huge costs you are referring to and then realize that its not a real cost because they just paid themselves. Even into offshore bank accounts!!!
It can be invested as well while in the fund, as long as a reasonable cap is met, so future returns which were formerly payments from medicare/managed care isn't ear marked for patient care. This frees the corporate structure to pay themselves well and have money for other healthcare related ventures like lobbying for their interests at every government level for the vote that counts.
Here's another link to further confuse you, so maybe you won't take every reported "cost" told to you by a superior or reported in financial statements so literally.
http://www.captive.com/experts/popups/HospitalCaptives.html
In the end its a fixed labor market to keep resident wages and attendings by that effect lower. Residents and fellow make up a significant portion of clinically active physicians where you control downstream wages as well. Your department budget is not above the larger labor market, which could increase your demand and salary.
Furthermore, I never undermined my argument cause like you said they can choose to be a teaching hospital or not. If they choose to be then residents make "financial sense" which was the point I was suppprting. Which means they are not a drain or cross the hospital needs to bear, but benefits them financially in the end.
How payments are actually calculated is in the link below
http://lobby.la.psu.edu/011_Grad_Me...on/AMA_Medicare_Calculations_GME_and_IMEA.htm
And yes the teaching service takes longer, but the cost to pay an attending to work nights, weekends, holidays and to take call is a net financial benefit. Plus the med student on that service is paying upwards of $500 to be there to offset things. You forget its not the cost of an attending to cover these off hours at the present wage, but the future after this increase demand. Paying a physician to be on call increases physician labor demand which will increase the market wage.
I did not say "cash cow", but oh the hospital has the public subsidize labor cost directly, plus medicare repayment premium, plus keeping like 20% of the active physician wages fixed lower. The revenue a resident will bring in, not just your department but all departments varies. I thought my argument was clearly focused on a hospital's overall financial picture so I'll say now it is.
And sure I agree it is work for attendings to have residents, but this was never part of my argument. Your salary is of no pertinence and I'm sure you deserve every penny. And the way you describe it, it sounds the HOSPITAL should hire another attending to help. Attendings are labor and are in the same boat as residents, but I just find the GME situation particularly abusive to labor and beneficial to private entities. So maybe retorts like yours worked in your law school mock trial for a passing grade, but not in print.
I don't know why it has to turn into an argument where this worker group should get less because "I'm working harder". You're not being paid from the same limited pot and because you both produce revenue even before you get paid, you actually have no cost.
For the second guy, of course "staff" which I guess means attendings is more efficent than junior residents, but they cost more and not by the GME direct and indirectly
An attending is not the person deciding whether a healthcare system will start a residency program, its a board of directors or CEO.
Just the facts that a CEO is not going to pursue adding residents or a hospital to their system with more residents because they are a financial drain. Maybe its a financial drain on you personally or your department, but thats not my argument or the issue
And for a counterpoint to your anectdotal evidence, an EM program PD told me a resident brings about 1 million in revenue over their 4 years.
Your staff to bed ratio and you twiddling your thumbs really doesnt add weight against financial benefit of residents though. I haven't seen a part time EM program either that has shifts without residents to cause this "staffing" issue either. You just double up on PAs like that? Or $10 techs?
I mean you guys must have the worst residents ever, blithering idiots. For EM too i cant believe even interns cant hit the ground running and help with BS paperwork. Maybe while you are twiddling your thumbs you can actually teach the residents which it doesnt sound like you are.
Oh I just realized, If you arent able to get bonus benchmarks because of slow residents you take a financial hit. But you don't receive a similar bonus for teaching, hence you twiddling thumbs.
Guess what??
Thats a financial bonus for your employer, the hospital, as well because they don't have to pay out that 20-30k. On top of free medical resident labor, tuition from med students, higher reimbursement rate for all medicare payments, and the ability to pursue other revenue such as grants and research money. Thats a cash cow compared to the previous revenue streams available before becoming a teaching hospital. Its diversfied and what a hospital CEO would want not you chugging away in the ED