- Joined
- Feb 24, 2010
- Messages
- 3,051
- Reaction score
- 6,202
I support the end of CMS funded GME. Programs are too entrenched in the status quo, and don't consider options of residency positions outside of their funding. This is stagnating the physician profession and allowing ARNP / PA to increase their numbers.
~100k to 120K is provided to GME offices to trickle down the expenses of a resident per year, including the benefits package. I may be wrong on this figure, but feel free to correct me with a more accurate number. The actual pay for a resident is about 50-70K per year, again correct me if I'm wrong.
An ARNP or PA will in general be paid by a hospital/clinic around ~100-140K per year, not including the benefits package. With a benefit package you are looking at ~130-150K per year.
Simply put, residents work more, harder, faster and take more call than any ARNP or PA every will.
Get rid of the GME CMS funding, and residencies will still exist. If anything, this artificial suppression of residency spots because of the concept of 'no funding' will disappear and a real, authentic, suit analysis of the numbers will show that a resident is still the best cheap labor and residency slots in the US will actually expand.
GME offices will shudder, and be shifted into existing HR departments. Depending on size there may need to be one or more designated HR employees to process the necessary paperwork for the ACGME bureaucracy machine. But consider the work generated compared to expenditure of salary and benefits related to a resident, the overhead is still a winning proposition. Factor in scale of size and increased residency positions, things get cheaper faster.
End the CMS funding of GME. Or please prove me wrong and educate me.
Pros: increased physicians thru residency, possibly less ARNP / PAs, less unmatched US grads, greater capacity to absorb IMG
Cons: less emphasis on teaching and more on service, less 'free money' to hospitals/clinics, less separate buffer from normal HR and likely treated more as any other employee ready to be fired
~100k to 120K is provided to GME offices to trickle down the expenses of a resident per year, including the benefits package. I may be wrong on this figure, but feel free to correct me with a more accurate number. The actual pay for a resident is about 50-70K per year, again correct me if I'm wrong.
An ARNP or PA will in general be paid by a hospital/clinic around ~100-140K per year, not including the benefits package. With a benefit package you are looking at ~130-150K per year.
Simply put, residents work more, harder, faster and take more call than any ARNP or PA every will.
Get rid of the GME CMS funding, and residencies will still exist. If anything, this artificial suppression of residency spots because of the concept of 'no funding' will disappear and a real, authentic, suit analysis of the numbers will show that a resident is still the best cheap labor and residency slots in the US will actually expand.
GME offices will shudder, and be shifted into existing HR departments. Depending on size there may need to be one or more designated HR employees to process the necessary paperwork for the ACGME bureaucracy machine. But consider the work generated compared to expenditure of salary and benefits related to a resident, the overhead is still a winning proposition. Factor in scale of size and increased residency positions, things get cheaper faster.
End the CMS funding of GME. Or please prove me wrong and educate me.
Pros: increased physicians thru residency, possibly less ARNP / PAs, less unmatched US grads, greater capacity to absorb IMG
Cons: less emphasis on teaching and more on service, less 'free money' to hospitals/clinics, less separate buffer from normal HR and likely treated more as any other employee ready to be fired