Medical resident debt
Residency Program Insider, September 2, 2020
Want to receive articles like this one in your inbox? Subscribe to Residency Program Insider!
Nearly a quarter of medical resident have more than $300,000 in medical school debt, according to Medscape’s latest report on residents’ salaries and debt.
The report, which surveyed approximately 1,700 residents from more than 30 specialties, also found that 11% of respondents had $250,001-$300,000 in debt, while 14% were $200,001-$250,000 in debt. Conversely, 23% of respondents reported have no medical school debt.
Survey respondents were also asked about their compensation and 43% reported that they felt they were fairly compensated. Twenty-nine percent believed that resident should earn 11%-25% more. About a third of residents felt that they should earn 26%-50% more.
Source: Medscape
Want to receive articles like this one in your inbox? Subscribe to Residency Program Insider!
Related Products
Most Popular
- Articles
-
- Don't forget the three checks in medication administration
- Note similarities and differences between HCPCS, CPT® codes
- Complications from immobility by body system
- OB services: Coding inside and outside of the package
- Q&A: Primary, principal, and secondary diagnoses
- The consequences of an incomplete medical record
- Differentiate between types of wound debridement
- Nursing responsibilities for managing pain
- Practice the six rights of medication administration
- ICD-10-CM coma, stroke codes require more specific documentation
- E-mailed
-
- CDC alert: Screen for international travel as Ebola cases increase
- Correctly bill ancillary bedside procedures in addition to the room rate
- Q&A: Utilization Review Committee Membership
- Q&A: Bill blood administration the same way for inpatient and outpatient accounts
- Q&A: A second look at encephalopathy as integral to seizures/CVA
- Performing a SWOT analysis
- OB services: Coding inside and outside of the package
- Intravenous therapy guidelines
- Coding, billing, and documentation tips for teaching physicians, interns, residents, and students
- Coding tip: Watch for different codes for SI joint injections
- Searched