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- May 18, 2016
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Do not be fooled to think hospital administrators lose money on residents. They save money indirectly because they dont have to hire staff at full salaries. You really think they would be increasing residency spots if they were losing money? You are only looking at direct costs but residents/fellows do most of the work to keep a hospital running 24/7/365. IM residents run the hospital in a teaching institution. Imagine having mulitple attendings covering those hours instead of residents on a subsidized $50K a year salary.
Except that attendings bill and residents don't.