4 ms·
A former roommate of mine was a doctor in residency. They were paying him peanuts and grinding as much work out of him as they could. I think this was maybe
by wombat-man 3y ago
A former roommate of mine was a doctor in residency. They were paying him peanuts and grinding as much work out of him as they could. I think this was maybe 5 years ago and he was at 65k or so in a major metro in the US.
So if you're a hospital, and you can get cheap doctors in residency who basically need to work whatever workload you give them, why wouldn't they hire as many of them as they could? I figure the limiting factor should be their ability to manage them, not federal funding. They are paying pennies on the dollar for doctor labor that they are NOT giving patients a discount on.
- nradov 3y agoYou figure wrong. Hospitals require residents to do a lot of work, but they can't bill Medicare/Medicaid or private insurers for much of that work. Hospitals can't afford to just hire more.
- HDThoreaun 3y agoResidencies all lose money. That's why they're subsidized. My family member is a chair of a residency and the business analysts are constantly trying to close it because it takes time away from the doctors and doesn't provide anything to the bottom line.
- wl 3y agoMy partner did a second residency. Medicare doesn't fund second residencies, so she had to get an unfunded spot. At least with her second residency, they have those unfunded spots precisely because they're profitable. Maybe it's not all programs, but certainly some of them are profitable.