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NOW How Much Would You Pay? Salaries, Benefits and Incentives for Family Medicine Residency Programs Erik Lindbloom, MD; Erika Ringdahl, MD; Kristen Deane, MD Dept. of Family and Community Medicine, University of Missouri
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Disclosures None
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Today: Overview of FM’s Recruitment Problem Review of Data Discussion
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Overview of the Problem The pool of outstanding candidates for U.S. Family Medicine residency programs lags far behind the # of available positions We are all competing for the same small group of outstanding applicants
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NRMP 2014 http://www.nrmp.org/2014-nrmp-main-residency-match-results/
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Spots filled with USMGs http://www.nrmp.org/2014-nrmp-main-residency-match-results/
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% of choice by rank and type of applicant
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If You Pay Them, Will They Come? AAFP lists financial incentives, including loan forgiveness, first in its policy statement on increasing student choice of family medicine http://www.aafp.org/about/policies/all/student-choice.html
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Does Loan Forgiveness Matter? Macy Foundation/Graham Center: Two student groups least likely to consider Family Medicine are those without student debt and those with more than $250,000 –Former group does not need forgiveness –Latter group is probably considering higher- salary specialties http://macyfoundation.org/docs/macy_pubs/pub_grahamcenterstudy.pdf
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Applicants’ Self-Reported Priorities in Selecting a Residency Program 9669 applicants to 2 academic medical centers surveyed annually 2004-2012 65% response Did not survey FM residents Only long term study of residency applicant priorities JGME, March 2015
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Applicants’ Self-Reported Priorities in Selecting a Residency Program 3 least important factors: –Child care –Call rooms –Program website JGME, March 2015
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Applicants’ Self-Reported Priorities in Selecting a Residency Program Applicants rated health care benefits higher than they did salary –? Reflect high cost of health insurance –? Reflect growing # of applicants with dependents JGME, March 2015
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Applicants’ Self-Reported Priorities in Selecting a Residency Program 5 factors with highest ratings of importance: –Ability to prepare residents for future practice –Resident esprit de corps –Faculty availability/involvement in teaching –Depth and breadth of faculty –Variety of patients and clinical resources JGME, March 2015
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Data collection and analysis Used the AAFP/STFM online residency directory and individual program websites Categorized reimbursement packages and benefits for all US Family Medicine residency programs Noted program characteristics –Size –Academic affiliation –Geographic location
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Demographics 481 programs 82.4% Community 15.2% University 2.4% Military
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Demographics Programs by geographic region Programs by size Programs filling in Match
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Program Size Number of Residents in Program Number of Programs
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Salary range R1s: $42.5K to $65.5K R3s (or R4s): $45.2K to $69.5K Median: $50.5K No clear predictor of high/low salaries
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Loan Repayment Only 3% of programs list this as a benefit Another 1-2% list reimbursement, unclear whether debt relief or tuition assistance
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Moving Expenses? Reimbursement: 45% of programs –Range: $500 to $11,000 –Sometimes provided as actual expenses reimbursed, but often a lumped sum “signing bonus” No assistance: 45% –Handful of these offer a housing allowance No info: 10%
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Housing Allowance? 4.3% offer a monthly or yearly housing allowance –Range: $2.4K to $10K –One program provides on-campus single-family homes to all residents, including all expenses “Your house is provided, your lawn is cared for, your snow is shoveled, utilities provided, membership in a fantastic health center is paid for, anything broken is fixed, and all meals (if you want them!) are provided. Plus… there is a truly fantastic Day Care Center next door to the hospital (and therefore nearly next door to your house!)
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Meals Less than 4% of programs specifically stated that no food allowance or meals were provided Among those with listed meal benefits, range from $4.54 per on-call meal to completely free, unlimited, 24/7
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Insurance Costs Residents share cost: 53% Fully paid by institution: 32% “Available,” not enough info on cost sharing: 15%
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Child Care On-site: 22% –16% of those on-site also list subsidized/ discounted rates) No: 60% (but handful will subsidize) Not enough info:18%
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Fitness Center or Membership No (or no mention): 70% Among 30% with fitness center benefit: –At least 24% offer free memberships –At least 33% are on site, or at least on campus
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Vacation Variability in reporting –Some include holidays in total –Some include weekends Lowest reported: 7 days per year Highest reported: 28 days plus additional 10 “emergency” days
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CME time/support At least 76% provide time and/or professional expenses (24% do not mention) Among those listing specific figures, median days = 5 and median annual funding = approximately $1K (varies by PGY)
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Tech/Book/Educational Support Roughly half of programs list some sort of book fund, educational fund, and/or tech items –Dollar amounts generally in hundreds –Laptop, smartphone or Apple devices most common tech items –Some programs have the gall to list “beeper provided” as a benefit…
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Memberships, Licensing, Exams At least 22% of programs pay some combination of above expenses Memberships most commonly AAFP and state AFP
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Free Parking? Yes: 89% Anecdotal accounts of parking fees being a negative factor for residency selection and for resident morale
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Other Interesting Perks (from websites and personal accounts) Adoption assistance Generous paternity leave Bilingual bonus pay Adult day care services Retirement plans (hey, never too early to think about it…)
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Does Any of This Correlate with Match Success? Program benefits divided into categories –Salaries: quartiles –Other benefits: two groups, yes or no Compared to NRMP data over past few years There may be some associations, but multifactorial and cannot prove cause/effect
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Summary and Discussion Salaries and benefits vary widely among Family Medicine residencies No clear predictive factors for more or less generous benefits, such as rural/urban, region of country, university/community, etc. Thoughts on what has worked for your program, or what you hear from applicants? Will we see more variation in future?
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