Poor outlook for F&A surgeons

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krabmas

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  1. Fellow [Any Field]
New in JBJS this month...

http://www.ejbjs.org/cgi/reprint/91/7/1814

The Financial Impact of Orthopaedic Fellowship Training

It shows that F&A orthopedic surgeons and other ortho specialties never recoup financially for fellowship training. It is pretty interesting and if ortho residents pay attention to this and pick fellowships based on financial incentive the number of F&A surgeons should/may decrease.

I tried to attach the PDF but it was too big. If you want the whole article and do not have access to JBJS online PM me.
 
New in JBJS this month...

http://www.ejbjs.org/cgi/reprint/91/7/1814

The Financial Impact of Orthopaedic Fellowship Training

It shows that F&A orthopedic surgeons and other ortho specialties never recoup financially for fellowship training. It is pretty interesting and if ortho residents pay attention to this and pick fellowships based on financial incentive the number of F&A surgeons should/may decrease.

I tried to attach the PDF but it was too big. If you want the whole article and do not have access to JBJS online PM me.

I just read the abstract. I'll download the entire article later. My brother just commenced a heme/onco fellowship. I asked him why heme/onco? I could tell that financial incentives played a part in his choice of fellowship. From what that study is saying, we may see a decline in numbers for the F/A fellowship. It's a 2009 study, so it does factor in the present state of the economy. Well, there are other reasons besides money why people do fellowships. This may be the beginning of the end of our F/A turf wars.
 
This is really interesting. What type of impact do you think this will have on podiatry as a whole? I don't see why any orthopedic surgeon would do the fellowship if they couldn't recoup the cost. I am liking this. Thanks Krabmas.
 
I don't see why any orthopedic surgeon would do the fellowship if they couldn't recoup the cost.
Perhaps they are interested in that, whatever it ,may be, foot/ankle or pediatrics. Its sounding good for us podiatrists and podiatrists-to-be
 
Yeah, I guess if they didn't mind losing the money. If someone really wanted to do it maybe the loss of money would be worth it to them. Good point.
 
the basis is not just on this year.

the 1st year out of residency a gen ortho makes on average $350G. Do a 1 year fellowship in F & A for about 50G and pay or incrue more loan interest/dept, move for fellowship, interview all over the place and then again for a job and what ever other expenses there are... then get hired as F&A ortho somewhere for about $350G. Your salary on average apparently never goes up enough to recoup the initial $300G investment that fellowship year.

The article also does not account for the moving, loans, interest aspect, just the 1 year of fellowship at significantly less than $350G. They also do not account for call in the hours work for after fellowship or the money that is possibley made from surgery centers, products, endorsments....just pure salary.
 
PLEASE!! Keep in mind I haven't read the article, these are my assumptions based on the abstract:

A negative present value doesn't necessarily mean these ortho's don't financially recover. There are some problems in estimation that make this kind of calculation (in my opinion) somewhat unreliable.

To calculate the present value of their investment in the fellowship, they would have to account for all resources invested (both financial and time) in defining a clear and accurate opportunity cost estimate in order to form a clear and accurate discount rate. Financial opportunity cost is easy, pick your favorite estimated market rate of return and pick up your financial calculator. But now you have to consider the opportunity cost of the ortho's time spent not in another (best) available option, this is very hard to do. What is the value of an ortho's time in it's best possible available use? Any guess? See why that's hard to calculate? Without an accurate estimate of opportunity cost, you don't have an accurate discount rate which means you end up with a biased PV. This is assuming of course they accounted for all resources invested (both financial and time), which I would hope they would, otherwise the numbers aren't really useful anyways because they wouldn't capture the whole cost of the fellowship.

My interpretation isn't that these ortho's dont recover from the fellowship financially, its that the cost of investing in the fellowship is less then the benefit recieved from the fellowship, hence the negative PV. You can still have a positive return financially but end up with a negative PV. Why? Because the PV of your time spent investing currently in a practice could yeild greater returns than your time spent investing in the fellowship. Remember, unless you have a negative interest rate (which Bernanke would have done already had it been possible), money to be recieved in the future is of less value then money to be recieved presently.

In reality, this kind of calculation is so full of assumptions and estimations you could make it whatever you wanted, I would only use the results as a comparison among the fellowships included in the study. They would hold the same estimations and assumptions and therefore would be comparable.

Despite my (unfounded) ramblings it is clear you can conclude that F&A Fellowships don't have the same incentive as others. This would still translate to fewer F&A ortho's and good news for those entering podiatry school in a couple weeks (such as myself).

(Once again, I didn't read the study. So this post probably isn't applicable to the results)
 
PLEASE!! Keep in mind I haven't read the article, these are my assumptions based on the abstract:

A negative present value doesn't necessarily mean these ortho's don't financially recover. There are some problems in estimation that make this kind of calculation (in my opinion) somewhat unreliable.

To calculate the present value of their investment in the fellowship, they would have to account for all resources invested (both financial and time) in defining a clear and accurate opportunity cost estimate in order to form a clear and accurate discount rate. Financial opportunity cost is easy, pick your favorite estimated market rate of return and pick up your financial calculator. But now you have to consider the opportunity cost of the ortho's time spent not in another (best) available option, this is very hard to do. What is the value of an ortho's time in it's best possible available use? Any guess? See why that's hard to calculate? Without an accurate estimate of opportunity cost, you don't have an accurate discount rate which means you end up with a biased PV. This is assuming of course they accounted for all resources invested (both financial and time), which I would hope they would, otherwise the numbers aren't really useful anyways because they wouldn't capture the whole cost of the fellowship.

My interpretation isn't that these ortho's dont recover from the fellowship financially, its that the cost of investing in the fellowship is less then the benefit recieved from the fellowship, hence the negative PV. You can still have a positive return financially but end up with a negative PV. Why? Because the PV of your time spent investing currently in a practice could yeild greater returns than your time spent investing in the fellowship. Remember, unless you have a negative interest rate (which Bernanke would have done already had it been possible), money to be recieved in the future is of less value then money to be recieved presently.

In reality, this kind of calculation is so full of assumptions and estimations you could make it whatever you wanted, I would only use the results as a comparison among the fellowships included in the study. They would hold the same estimations and assumptions and therefore would be comparable.

Despite my (unfounded) ramblings it is clear you can conclude that F&A Fellowships don't have the same incentive as others. This would still translate to fewer F&A ortho's and good news for those entering podiatry school in a couple weeks (such as myself).

(Once again, I didn't read the study. So this post probably isn't applicable to the results)
What in the heck did you just say???

Did you guys hear that Michael Jackson died?
 
i have a finance degree, and I have no idea what it meant. It either made financial sense, or he just called Theta's mom a *****
 
...Did you guys hear that Michael Jackson died?
He made Thriller, man... Thrilla.

2797766.jpg


http://www.videovat.com/videos/929/dave-chapelle-jury-duty.aspx
 
This is a nice little article but obviously it would not be a deterrent for the doc who has had this specialty in mind all along. Many fellowships follow this trend but money is not often the driving force in this type of decision. It is how some people want their practice to be tailored.

With the "surgery-trained" podiatrist being a relatively new thing, do any of you fear a saturation point? How many residency spots are available for orthopaedic surgeons that perform on all bones/joints in the body?

It seems like there will be a disproportionate number of F & A surgeons if new pod schools are opening and more students are graduating as a surgical pod.

Has anyone else thought about this? What is the number of trained podiatrists graduating each year?

**** I hope this doesn't spin to the bottom and die in flames ****
 
With the "surgery-trained" podiatrist being a relatively new thing, do any of you fear a saturation point? How many residency spots are available for orthopaedic surgeons that perform on all bones/joints in the body?


Has anyone else thought about this? What is the number of trained podiatrists graduating each year?

that is whats great about podiatry: 9 schools and only 400-500 graduates a yr. also you have to figure that not everyone wants to get into advanced surgical training bc not everyone wants to spend the time. with diabetes cases expected to double in the next 10 years (and school is 4yrs + 3 yrs residency) we are about to catch this boom. if the education doesnt get to these folks about foot care, there will be plenty of toes on the "chopping block."

all in all, the outlook is only looking great for podiatry as it always has.
 
the outlook is only looking great for podiatry as it always has

Are you sure it has always been great?

Perhaps I wasn't making myself clear. If orthopaedic doctors are being pumped out at the same rate (How many residency spots are available in orthopaedics every year?) and yet they can cover all the bones and joints of the body, how are podiatrists not going to saturate the market?

So, if orthopods are coming out at let's say 700 a year and they operate on all bones/joints and this has been found to be the correct number to "meet" demand, how are surgical podiatrists not going to saturate the market again?

There is a reason that dermatology pulls many of the best applicants. The board decided to limit the number of residencies every year so that there was constantly a demand (that amongst other things, such as good reimbursement for their procedures and friendly work-schedule). I fear that podiatry may reach a saturation point once again.

A better way to look at it: before podiatry became a "surgical specialty" how many F & A ortho docs were being produced each year to meet the demand?
How have the numbers changed (both ortho and podiatry 3 year residencies)? I'm not arguing the competency of orthopods vs. podiatrists but that the podiatrists who are going through all of this training may once again reach a saturation point, and then their may be a shortage of patients for everyone, etc.

Can anyone give me a reason why this isn't the case? And let me point out, I am not talking about in 5, 10 or even 20 years, but somewhere down the road.
 
Not all podiatrists focus on surgery in their practice. This only relates to one side of podiatry. The surgical side. The opportunity to do surgery may decrease if there are a lot of doctors that can perform the surgery, but the outlook for podiatrists as a whole is good.
 
I cannot imagine that all the pods graduating have the dexterity/hand skills to be great surgeons. Sure everyone will eventually have a 3 year residency, but it does not mean they are all gonna be "surgeons." As with the MD/DO world, not everyone is cut out to be a surgeon.
 
Are you sure it has always been great?

Perhaps I wasn't making myself clear. If orthopaedic doctors are being pumped out at the same rate (How many residency spots are available in orthopaedics every year?) and yet they can cover all the bones and joints of the body, how are podiatrists not going to saturate the market?

So, if orthopods are coming out at let's say 700 a year and they operate on all bones/joints and this has been found to be the correct number to "meet" demand, how are surgical podiatrists not going to saturate the market again?

There is a reason that dermatology pulls many of the best applicants. The board decided to limit the number of residencies every year so that there was constantly a demand (that amongst other things, such as good reimbursement for their procedures and friendly work-schedule). I fear that podiatry may reach a saturation point once again.

A better way to look at it: before podiatry became a "surgical specialty" how many F & A ortho docs were being produced each year to meet the demand?
How have the numbers changed (both ortho and podiatry 3 year residencies)? I'm not arguing the competency of orthopods vs. podiatrists but that the podiatrists who are going through all of this training may once again reach a saturation point, and then their may be a shortage of patients for everyone, etc.

Can anyone give me a reason why this isn't the case? And let me point out, I am not talking about in 5, 10 or even 20 years, but somewhere down the road.


I see what you are saying but what you don't realize is that orthopods don't operate on all bones/joints. Like anybody else, they are limited by their training as well as what they want to do. For whatever reason, very few orthopods get adequate foot training or want to touch the foot. This is compounded by the fact that many (usually over half) of their fellowships go unfilled every year (and there aren't very many fellowship spots in the first place). So in other words, their has been a huge void for years that is steadily growing which has been filled by podiatrists.

In reality, their are very few orthopods that do foot surgery anywhere in the country. There are still some ortho F&A strongholds throughout the country but the majority of foot surgery is already done by podiatrists. This will continue to increase given the current info that we have.
 
I see what you are saying but what you don't realize is that orthopods don't operate on all bones/joints. Like anybody else, they are limited by their training as well as what they want to do. For whatever reason, very few orthopods get adequate foot training or want to touch the foot. This is compounded by the fact that many (usually over half) of their fellowships go unfilled every year (and there aren't very many fellowship spots in the first place). So in other words, their has been a huge void for years that is steadily growing which has been filled by podiatrists.

In reality, their are very few orthopods that do foot surgery anywhere in the country. There are still some ortho F&A strongholds throughout the country but the majority of foot surgery is already done by podiatrists. This will continue to increase given the current info that we have.

How tough is it to obtain a F & A Ortho Fellowship ?
 
How tough is it to obtain a F & A Ortho Fellowship ?

I don't know. I've never applied for one. But again, a lot of them go unfilled yearly. There may be a couple that are considered the "top programs" and those could be competitive but that is just speculation.
 
...With the "surgery-trained" podiatrist being a relatively new thing, do any of you fear a saturation point? How many residency spots are available for orthopaedic surgeons that perform on all bones/joints in the body?

It seems like there will be a disproportionate number of F & A surgeons if new pod schools are opening and more students are graduating as a surgical pod.

Has anyone else thought about this? What is the number of trained podiatrists graduating each year?

**** I hope this doesn't spin to the bottom and die in flames ****
I've considered this, and I think it's a very valid concern. Good discussion.

30yrs ago, <25% of graduating DPMs were getting a residency at all, and even fewer found PG surgical training (and if they did, it was usually 1-2yrs). Even 10yrs ago, while most got a residency of one kind or another, few residencies were 3yrs and high quality/volume surgical. Today, almost every grad gets a 3yr residency program, and while some still aren't great, pretty much all PMS will teach you competency in foot surgery. I'd say roughly half the programs out there will prep you with good quality rearfoot and ankle surgery skills (and full ABPS RRA cert knowledge) as you proceed out into practice.

As was stated, ortho F&A fellowship grads are on the decline. That might be due to ortho resident interest, saturation, F&A ortho's income decline (partially because surgical DPMs will often do the same F&A work for lower salary), combo of factors, etc... who knows? However, graduation of highly trained surgical DPMs are rising at a significantly faster rate than F&A ortho is declining. Just for the sake of example, suppose that over the last 20yrs, the annual number of graduating surgical DPMs doing the full scope of F&A surgery went from 100 to 300, and annual number of graduating from approved AOFAS fellowships went from maybe 100 to 50. Those are just rough numbers, but probably ballpark... and you see rough annual increase from 200 to 350 overall. Well, if every DPM finishing traing and heading into practice suddenly decided to focus on mainly bone/joint surgery and refuse/refer most patients who need the other aspects of our training (diabetes, wounds, derm, peds, geriatric, etc), there would be definite oversaturation of F&A bone/joint surgeons in the coming years/decades.

You will notice that in some metro areas, there is already fairly stiff competition for F&A surgical patients, particularly bone/joint patients, and that causes tense politics regarding hospital staff consulting and op privileges. Some DPMs compete for surgical pts in those saturated areas, some avoid the surgical politics and just focus on other F&A subspecialties, and some choose to find another area of the country that has more pt supply and need for F&A surgery providers. This can really be said for any specialty, though: some docs compete and go for the gold of building/growing a booming, lucrative urban or suburban practice, and others are happy at smaller, more rural communities where they might find significantly less competition, lower overhead, less politics, etc with the tradeoff of less chance to expand their patient/referral base due to simply not enough general population around them to allow significant growth.

Shireiqiang said:
Not all podiatrists focus on surgery in their practice. This only relates to one side of podiatry....
Yep^
Also, even if a DPM does surgery, there are subspecialties. Programs like mine or jon's have literally dozens of attendings, which shows you the various DPM practice types and focuses. Some surgical DPMs do a lot of trauma call and garner those referrals. Some do more elective recon and are known for that. Some DPMs do primarily inpatient rounding, diabetic consults, wound care clinics, etc. Others, despite having surgical training, may choose to do mostly office and little surgery - or even refer it altogether to their partner or other area doc (to avoid hassles of OR scheduling, commuting to/from OR locations, liability associated with surgery, maybe they realize they just don't have natural ability at the level of their peers like JewMongous suggested, etc). There's never anything wrong with being "overtrained" for the patients you're treating, though... much better than the opposite situation.

The bottom line is that there will almost certainly continue to be a piece of the pie for every DPM, but it may not always be the piece you want. If you choose to focus on one F&A subspecialty, certain metro areas will definitly have poitics and be fairly saturated with providers who get referrals and calls for those patients. You then are at the crossroads of switching subspecialties, competing, moving locations, etc etc... and different DPMs will take different pathes. This is not a problem that's unique to our medical field, but it is worth consideration.
 
Stats for the AOFAS F&A fellowship 2009 match for positions to start 2010.

APPLICANT DATA
Applicant registrations 47
# Applicant Rank Lists Submitted 40
Matched Total 38
Unmatched Total 2
% Matching Total 95%
Total # of Withdrawals 0


PROGRAM DATA
# of Participating Programs 37
Positions Offered 62
Positions Filled 38
Unfilled Positions 24
 
Stats for the AOFAS F&A fellowship 2009 match for positions to start 2010.

APPLICANT DATA
Applicant registrations 47
# Applicant Rank Lists Submitted 40
Matched Total 38
Unmatched Total 2
% Matching Total 95%
Total # of Withdrawals 0


PROGRAM DATA
# of Participating Programs 37
Positions Offered 62
Positions Filled 38
Unfilled Positions 24
Yep... good info from AOFAS site. I was just using even estimated numbers for easy math.

From dpmgrad's post, the CASPR match had 400+ grads paired with a program in 2008 (I'd guess roughly the same this year but couldn't find it on web).

What I'd like to know is what those match stats were 5, 10, 20, etc years ago. With how fast many DPM residencies have advanced in length and quality, it's hard to compare, though.

Also, while a high % of matching ortho F&A fellows obviously go on to complete the 6-12mo fellowship and get board certified, but for a DPM matching a PMS-36, completion and board pass rate is probably lower since it's still 36+mo away. More stats that are highly important, IMO, would be the number of people completing ortho F&A fellowships or PMS-36s, and the annual numbers of newly AOFAS board certified docs and new ABPS Foot + RRA board certified surgeons. I will try to look for those later, but the ABPS process has been advancing and changing and evolving, just like DPM post-grad training.

Good topic... seems a lot more like resident/attendings forum material than pre-pod 😉
 
I cannot imagine that all the pods graduating have the dexterity/hand skills to be great surgeons. Sure everyone will eventually have a 3 year residency, but it does not mean they are all gonna be "surgeons." As with the MD/DO world, not everyone is cut out to be a surgeon.


I agree 100% that not everyone is "cut out" (non pun intended) to be a good surgeon. However, the fact remains that with the new 36 month residency mandatory training, our profession is putting out a lot of new DPM's with the TRAINING of a surgeon.

So although that technically means the majority of DPM's will have adequate surgical training, it certainly doesn't guarantee competence, since we all know that not everyone has the actual skills or dexterity to be a surgeon.

And that is EXACTLY where the problem begins. Unfortunately there are many well trained DPM's that have the credentials and training to perform surgery that simply don't KNOW that they aren't good or competent surgeons!!

In the MD world, if you aren't going to be a surgeon, you don't participate in a surgical residency program, i.e. you go perform an internal medicine residency program. However, in podiatry, you will perform surgery as part of any 36 month residency program, "qualifying" you as a surgeon upon graduation, giving many the false confidence that they are more than competent as surgeons, when that may not truly be the case.

It's only the realistic and very honest doctors that know whether they are skilled enough to perform quality surgery, or those that simply know they don't like surgery that make the smartest decisions.

And I agree 100% that there is going to be a surgical saturation point. Not a DPM saturation point, but a surgical saturation point. There is only a finite number of major reconstructive cases, etc., and I believe a lot of egos are going to be destroyed when some of the younger docs find themselves treating warts or calluses if their surgical schedules aren't always filled.

Years ago, there weren't that many guys/gals trained to do "everything", but now it's the rule, not the exception. So my recommendation is to provide COMPLETE care for your patients from the most basic care to the most complex surgical care and you'll never get bored AND you'll always stay busy. AND most importantly you'll never have to worry about F & A orthopods because they don't do the majority of what we do for our patients. And ALWAYS remember that is exactly what makes us unique.
 
instead of making a sticky for each intelligent, informative post that could help many future pods gain some real perspective on podiatry, can we make a "PADPM's Greatest Hits" sticky thread?
 
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