Bonus Payments long before Residency Ends !
The job market for fresh-off-residency US internists still looks pretty strong in this sorry economy...I happened to be chatting with a second year internal medicine resident from my program, who is looking out for hospitalist jobs. He said he heard back positively from almost every place he applied or enquired, including one place that even offered him $1500 per month cash payments right away until he joined (He still has 18 months to finish his program)..and that besides a $25,000 signing bonus after joining and a $200,000/year salary guarantee for working 23 weeks a year as a hospitalist.
IMGs on visas unfortunately may not be able to avail such pre-payments since they can only accept income from visa-sponsoring employer / residency program
All in all, high demand for internists, primary care and hospitalists is seeing compensation and bonuses rise mostly even in these recession times..So are physician jobs recession proof ?
Not necessarily so, Many hospitals in high cost metro areas have been experience the same credit-cash crunch affecting other businesses putting a brake on expansion plans, which means breaking contracts of pre-hired physicians. Secondly, many hospitals are cutting down on hiring bonuses. Thirdly, people losing jobs also mostly lose health insurance, then cut back on elective procedures, doctor visits, etc. Specialists might feel the pinch earlier than primary care docs...
Labels: Hospitalist
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posted by Digitaldoc, MD at 3:17 PM
Comments on "Bonus Payments long before Residency Ends !"
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gulshan said ... (2/28/2009) :
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Anonymous said ... (3/04/2009) :
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Digitaldoc, MD said ... (3/04/2009) :
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Anonymous said ... (4/15/2009) :
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Digitaldoc, MD said ... (7/09/2009) :
Post Your Comment !hi digital doc! its not the right place to ask, but as this is a new topic i want to ask u that LOR from a nurse practitioner will help or not?
23 weeks a year? How many hours does this work out per week?
Nurse Practitioner LORs may not be considered by programs, since supervision and documentation of your skills by an MD is what they are looking for.
yes, 23 weeks a year which - actually 26 weeks which includes 3 weeks of vacation. The working hours are 10-12 hours a day , either 6 am to 6 pm or 7 am to 7 pm in most places. Then depending on the number of hospitalists in team, there will be a night call week once every 12 to 14 weeks..again 12 weeks per day for the week
thank you digitaldoc for this website. very informative. 23 weeks per year...did you mean "12 hours per day for the week".
Yes - 23 weeks a year @ 12 hours a week (which varies from 10-14 hours based on patient load) ..and then 3 weeks of vacation. So, many hospitalists work 2 weeks straight, then get 2 weeks off, and combine that with 3 weeks of vacation to get a total of 5 weeks of continuous vacation time