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You actually believe your dean of your medical school when he says your school doesn't rank you?
So half the deans out there are just lying about not ranking the students?
You actually believe your dean of your medical school when he says your school doesn't rank you?
If you think your medical school doesn't tell where you fall in the class to residency programs in some way, then you are in for a big surprise. They may not be lying by the pure definition, but they are not telling you the truth.So half the deans out there are just lying about not ranking the students?
So half the deans out there are just lying about not ranking the students?
We all know how little PCP's make compared to Specialists.
For those of us learning healthcare in MS1 for the first time are being exposed to some of the cost problems of healthcare. It seems that Physicians being overpaid is definitely one of them.
Personally, I consider myself as fairly fiscally conservative and generally opposed to socialism, but in light of PCP salaries vs Specialty salaries, I think there is problem here.
Can someone justify why some specialists make so much more than PCP's?
I don't buy the "Because it's longer training and worse hours", because if we look outside of the medical field there are so many problems with that argument and if most of America is down to redistribute the wealth, why would the medical field be opposed to redistributing physician salaries?
Heck they specifically look for it. They flip all the way to the end of the MSPE and write it down and what it means-- along with your board scores, which school you go to etc. So they'll have written down already on a card or sheet of paper while they're interviewing you.They may not write that you were student # 38 / 142, but they can (and do) say that you were "exceptional" e.g. top 10%, "very good" e.g. 2nd quartile, or "solid" e.g. dumb as a rock. PDs can and do pick up on that kind of language.
edit: dermviser beat me to it.
I generally don't believe in redistributing the wealth in the ways that liberals want to.
I just think that when it comes to physicians, it is a very specific and particular crowd in society.
Excellent points. I know where she got the idea that most of America is ok with redistributing wealth. They seem to not really believe it so much when it affects them.^ This is a really weird way to begin a thread. It makes me think you're a troll.
Some things to consider, just in case you're not a troll.
1.) Why are we dismissing length of training? Maybe you are one of the fortunate few who will have no loans, but for those of us who do, we have interest accruing as long as we train. We should be compensated for that at the very least.
Additionally, there is opportunity cost. A neurosurgeon who trains for 7 years should be paid no more than a family doc who trains for three? How do you cover the four years of missing salary? That's close to a million dollars in pre-tax pay, even ignoring any investments they might make. It also ignores interest payments that the neurosurg. resident might not make.
2.) Worse hours shouldn't increase pay? Once again, why the hell would anyone go into neurosurgery, or cardiology, or even EM?
Among skilled professionals, hours should correlate to pay. The fact that it doesn't happen universally is a sad reality, but it is not an argument to apply the model to medicine. Deep sea crab fishermen make the majority of their income during the fishing season. Should everyone be paid for a few months a year because this exception exists? No, because that's ******* ridiculous.
3.) Where the hell is the supposition "most of America is down to redistribute wealth" coming from?
4.) Specialists are called specialists for a reason. They spend years developing incredible skill. They should be compensated for that skill. Not doing so is an insult to the effort and training those individuals underwent.
Extrapolating from your logic, there appears to be little reason why physicians should be paid well at all. If we are going to ignore length of training, hours worked, and skill, then what fundamental structures determine pay? Because you've dismissed all of them.
I love what I am doing, and I think I will love what I do one day. I would probably have chosen this pathway even if it paid far less. But there are limits to this sentiment, and I have a $150,000 in debt to consider. If I can't even ensure my children have a secure financial future, why should I sacrifice so many years of pay, so much time, and so much effort?
How ranking can affect the prospect of someone getting in a good residency? For instance, let says you score 230 for step 1, which is average for GS residency. If you rank in the 4th quartile in your class, will that rank affects that much your prospect of getting into GS assuming you got EC/good LORs/Research etc...? This ranking stuff is driving me crazy!If you think your medical school doesn't tell where you fall in the class to residency programs in some way, then you are in for a big surprise. They may not be lying by the pure definition, but they are not telling you the truth.
While yes technically they may not say, Anicetus is #5 in a class of 150 students in terms of ordinal ranking, they WILL say what which segment of the class you fall in or will have certain "code words" which are defined at the end of your Dean's letter (now called the MSPE) which are defined at the end and tell where you fall in the class.
I was just going to say. PCPs have to demonstrate greater value. As of right now they really don't whether you use healthcare outcomes or costs, neither of which they want to be evaluated by. If anything if P4P comes into play, it will hurt primary care much more than it will hurt specialists.I'm surprised that nobody mentioned that specialists are simply more valuable than PCPs. Period. There are fewer of them, their skills are...wait for it...specialized, sometimes subspecialized, they often do things that are inherently expensive or time-consuming, and they can only (with the exception of anesthesia, because the world's gone mad) do it if they go through medical school.
It's fairly simple economic principle here, of supply, demand, and resource rarity. A cancer patient can always get another PCP. But there are a limited number of surgical oncologists in the area, and only one of those two physicians can offer that patient a cure.
Of course ranking in the 4th quartile of your class will have a huge affect on your prospect of matching, esp. General Surgery which is more competitive. It's your performance across the entire first 3 years of medical school. Chances are if you're ranked in the 4th quartile, you won't be getting good LORs from your clerkships bc your ranking includes your clinical grades. Are you an MS-4?How ranking can affect the prospect of someone getting in a good residency? For instance, let says you score 230 for step 1, which is average for GS residency. If you rank in the 4th quartile in your class, will that rank affects that much your prospect of getting into GS assuming you got EC/good LORs/Research etc...? This ranking stuff is driving me crazy!
How ranking can affect the prospect of someone getting in a good residency? For instance, let says you score 230 for step 1, which is average for GS residency. If you rank in the 4th quartile in your class, will that rank affects that much your prospect of getting into GS assuming you got EC/good LORs/Research etc...? This ranking stuff is driving me crazy!
I am a MS1... I am trying to stay on at least at the bottom of 2nd quartile or the beginning of the 3rd quartile. But the problem is that even you get B average, you still can end up on the lower end of third quartile of your class... Everyone in med school is freaking smart and they are studying 8+ hrs/day.Of course ranking in the 4th quartile of your class will have a huge affect on your prospect of matching, esp. General Surgery which is more competitive. It's your performance across the entire first 3 years of medical school. Chances are if you're ranked in the 4th quartile, you won't be getting good LORs from your clerkships bc your ranking includes your clinical grades. Are you an MS-4?
Well it's a puzzle piece and each part contributes to the whole picture - class rank (preclinical grades if you go to a non P/F schoool, clinical grades), board scores, LORs, audition electives, etc. It's not an exact science, but yes, in general if you want to do well, you'll have to put in the hours, but it's no guarantee. Also depends what your specialty goals are.I am a MS1... I am trying to stay on at least at the bottom of 2nd quartile or the beginning of the 3rd quartile. But the problem is that even you get B average, you still can end up on the lower end of third quartile of your class... Everyone in med school is freaking smart and they are studying 8+ hrs/day.
Talking about the big league, med school is truly the big league!
Of course ranking in the 4th quartile of your class will have a huge affect on your prospect of matching, esp. General Surgery which is more competitive. It's your performance across the entire first 3 years of medical school. Chances are if you're ranked in the 4th quartile, you won't be getting good LORs from your clerkships bc your ranking includes your clinical grades. Are you an MS-4?
You have to pretty bad on the shelf to go from H/HP level evals to a P overall due to the shelf. The shelf is a standardizing measure, and you take in-training exams in residency.I think "huge" would be a bit strong. Moderate is probably more accurate. Those in the 4th quartile certainly could have done well on clerkships, but not on shelf exams or some other components of the grade. If you're not a poophead, and all your other ducks are in a row, I don't think it's a massive bar to entry. But probably something you'd want to pre-emptively explain on your personal statement or on the interviews themselves.
Frankly my experience is that if you're in the 4th quartile, the rest of your application will reflect it. Although I suppose I haven't met many students from elite medical schools, where even the "deliquent" students are geniuses.
What if your interest is in IM or FM?Well it's a puzzle piece and each part contributes to the whole picture - class rank (preclinical grades if you go to a non P/F schoool, clinical grades), board scores, LORs, audition electives, etc. It's not an exact science, but yes, in general if you want to do well, you'll have to put in the hours, but it's no guarantee. Also depends what your specialty goals are.
You have to pretty bad on the shelf to go from H/HP level evals to a P overall due to the shelf. The shelf is a standardizing measure, and you take in-training exams in residency.
What if your interest is in IM or FM?
Thank you for the responses. I am aware I am not really familiar with the healthcare system so I take my healthcare theme seriously in terms of trying to understand solutions etc...
So basically if you are in the bottom 1/4 of the class, you are pretty much stuck with primary care unless you get like a 250+ on the Step 1?
I don't think that med students bash PCP solely bc of salaries and lack of competition. There are other reasons med students hate primary care, esp. with NPs and PAs ready to take it over while physicians assume a more administrative role in primary care as part of the PCMH.Thank you for the responses. I am aware I am not really familiar with the healthcare system so I take my healthcare theme seriously in terms of trying to understand solutions etc.
I just think its horrible that med students bash PCP and I believe part of it has to do with the salaries and the lack of competition for some of those residencies.
So basically if you are in the bottom 1/4 of the class, you are pretty much stuck with primary care unless you get like a 250+ on the Step 1?
SDN med students ALWAYS have to find exceptions.This is a new and exciting hyperbole.
The country is not.Because most of the country is advocating for closing the salary gaps DESPITE training, expertise, liability in other jobs.
Thank you for the responses. I am aware I am not really familiar with the healthcare system so I take my healthcare theme seriously in terms of trying to understand solutions etc.
I just think its horrible that med students bash PCP and I believe part of it has to do with the salaries and the lack of competition for some of those residencies.
So basically if you are in the bottom 1/4 of the class, you are pretty much stuck with primary care unless you get like a 250+ on the Step 1?
Also I'm sure this thread will end up being a goldmine
http://forums.studentdoctor.net/threads/reimbursement-rates-after-obamacare.1104223/#post-15804106
Premeds talking about how ACA affects reimbursement. Over under for first post to talk about ponies is 6
I know a woman who did a residency in peds, got boarded and worked for a short time before applying to anesthesiology and then getting boarded and working in that field.We all know how little PCP's make compared to Specialists.
For those of us learning healthcare in MS1 for the first time are being exposed to some of the cost problems of healthcare. It seems that Physicians being overpaid is definitely one of them.
Personally, I consider myself as fairly fiscally conservative and generally opposed to socialism, but in light of PCP salaries vs Specialty salaries, I think there is problem here.
Can someone justify why some specialists make so much more than PCP's?
I don't buy the "Because it's longer training and worse hours", because if we look outside of the medical field there are so many problems with that argument and if most of America is down to redistribute the wealth, why would the medical field be opposed to redistributing physician salaries?
We all know how little PCP's make compared to Specialists.
For those of us learning healthcare in MS1 for the first time are being exposed to some of the cost problems of healthcare. It seems that Physicians being overpaid is definitely one of them.
Personally, I consider myself as fairly fiscally conservative and generally opposed to socialism, but in light of PCP salaries vs Specialty salaries, I think there is problem here.
Can someone justify why some specialists make so much more than PCP's?
I don't buy the "Because it's longer training and worse hours", because if we look outside of the medical field there are so many problems with that argument and if most of America is down to redistribute the wealth, why would the medical field be opposed to redistributing physician salaries?
If she's referring specifically to preclinicals (where the fellow M1's are) then it's possible. There are P/F schools where it's explicitly stated in the policies that performance in the preclinical courses does not factor in to one's class rank as reported in the MSPE.You actually believe your dean of your medical school when he says your school doesn't rank you in your Dean's Letter?
Can someone justify why some specialists make so much more than PCP's?
That might be a good way to change things, but it is completely unfair, which is why the system is the way it is.
Really though, the big reason for physician salary disparities boils down to the fact that representation on the board that determines Medicare compensation is divided pretty evenly among the specialties, not by physician population. So while there are a lot more IM and FM physicians than, say derm or neurosurg, they all have equal say in how the pie is divided. Since there are a lot more specialists determining how that pie is divided, it's going to be procedure based, and it's going to benefit specialists more.
The best way to change things would probably be to have a voting board that is representative of the actual population of physicians, rather than just a couple per specialty.
But that doesn't make any sense bc the MSPE lists your rank at the end of 3 years by the time it's sent out, not just preclinicals.If she's referring specifically to preclinicals (where the fellow M1's are) then it's possible. There are P/F schools where it's explicitly stated in the policies that performance in the preclinical courses does not factor in to one's class rank as reported in the MSPE.
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I'm fiscally conservative when it comes to 90% of the economics in our country, but when it comes to Physician salaries, I am not yet convinced that we shouldn't just redistribute to help with the PCP shortage.
^ I don't believe in raising taxes on the rich to solve the economy's problems.
So then what of the people who purely become family practitioners and general pediatricians? Are they just doing it out of the goodness of their hearts?
So half the deans out there are just lying about not ranking the students?
Honestly, some that intend to subspecialize don't because they weren't good enough as residents or got too burned out in residency to continue.
So because "most" of the country, many of whom can't tell a nurse from a doctor in the hospital, let alone describe the difference in training, wants yo do something, it must be a good idea?Because most of the country is advocating for closing the salary gaps DESPITE training, expertise, liability in other jobs.
It was more the other reason for the . But yes there are many categorical residents who at the end of 3 years of IM are so exhausted are like F' it. Quite sad really. I don't know if it's the specific program or IM in general.Haha, you know it's true. I've known a bunch of IM residents who intended to do fellowship, then had a "screw it, I'll be a hospitalist and work 26 weeks per year" moment.
Also, some decide against fellowship because they don't want to uproot their family.
Really though, the big reason for physician salary disparities boils down to the fact that representation on the board that determines Medicare compensation is divided pretty evenly among the specialties, not by physician population. So while there are a lot more IM and FM physicians than, say derm or neurosurg, they all have equal say in how the pie is divided. Since there are a lot more specialists determining how that pie is divided, it's going to be procedure based, and it's going to benefit specialists more.
The best way to change things would probably be to have a voting board that is representative of the actual population of physicians, rather than just a couple per specialty.
Lol.. Obama has been one of the greatest wealth 'redistributionist', but his distribution has gone to the top 5%--not the poor or the middle class... Have you heard of 'quantitative easing'? Look at the number yourself! Almost 90% of the economic gains in the last 5 years has gone to the top 5%+. Obama talks good game, but he is not doing anything for the middle class.I generally don't believe in redistributing the wealth in the ways that liberals want to.
I just think that when it comes to physicians, it is a very specific and particular crowd in society.
Heck they specifically look for it. They flip all the way to the end of the MSPE and write it down and what it means-- along with your board scores, which school you go to etc. So they'll have written down already on a card or sheet of paper while they're interviewing you.
DoctwoB
Emory School of Medicine - (Maybe where that school is ranked)
Step 1: 250
Step 2 CK: 260
MSPE code word - Exceptional - top 10%
AOA (Yes or No): Yes
Frankly my experience is that if you're in the 4th quartile, the rest of your application will reflect it. Although I suppose I haven't met many students from elite medical schools, where even the "deliquent" students are geniuses.
What about the scenario of the student who aces every single preclinical course in the first 2 years, and falls completely flat in the clinical year?See this is the thing I keep trying to say. I know there is this SDN fable of the student who struggles in the pre-clinical years but then turns into a clinical superstar. But I've reviewed a lot of residency applications - I can't ever recall seeing a student who had honors in many/most clerkships who wasn't at least ranked in the top half of their class, if not higher.
I'm not saying PCPs should be compensated the same as specialists, just that we should have a compensation board that actually reflects the physician population and let things be decided from there.Idk, wouldn't we want to compensate specialists higher than primary care, due to the extra training and difficulty? Perhaps FM makes a bit too little these days, while some other specialties seem to make too much, but I can definitely see the logic in paying a neurosurgeon or a plastic reconstruction surgeon significantly more than a pediatrician.
As for procedure based billing, I think it's necessary in our current healthcare system. How else would you do it? It's already difficult for physicians to get reimbursed by insurance companies for concrete procedures. Imagine how hard it would be for physicians to convince insurance companies to get paid for abstract measures.
Really though, the big reason for physician salary disparities boils down to the fact that representation on the board that determines Medicare compensation is divided pretty evenly among the specialties, not by physician population. So while there are a lot more IM and FM physicians than, say derm or neurosurg, they all have equal say in how the pie is divided. Since there are a lot more specialists determining how that pie is divided, it's going to be procedure based, and it's going to benefit specialists more.
The best way to change things would probably be to have a voting board that is representative of the actual population of physicians, rather than just a couple per specialty.
What about the scenario of the student who aces every single preclinical course in the first 2 years, and falls completely flat in the clinical year?
Maybe it's just me but I feel like M1-M2 vs. M3 just capitalize on different capabilities and abilities. It's just that M3 the skills required to be successful can be more nuanced or "soft" such as being able to read that your intern/resident is tired and doesn't have time to hold your hand on everything. A lot of M3 is being a chameleon as well as brief snapshots (i.e. clinical presentations, your confidence while presenting, and answer pimp questions to test that you understand what's going on) which are used to evaluate you, although the difference btw HP vs. H is usually the shelf exam.I probably don't ever see their applications lol.
Anecdotally, I'm sure it happens, but I think it happens a lot less than the SDN wishers would hope. The flip side of the fable that people who struggle in the pre-clinical years will magically demonstrate their brilliance in the clinical years, is that the gunners will get their comeuppance as an M3 when their "book smarts" won't help.
Turns out the things that make one successful as an M1-M2 (work ethic, intelligence, organization, etc) actually carry over pretty well to the clinical realm. There are certainly exceptions, but I don't think they are that common.