News from the TMA Resident and Fellow Section
TMA Fall Conference Meeting Wrap-Up from the RFS Chair
Thank you to everyone who attended the TMA Fall Conference and our Resident and Fellow Section (RFS) Business Meeting. With all of your input, I think it was one of our most productive meetings to date. I look forward to seeing everyone again at 2015 TMA Winter Conference, Jan. 30-31 in Austin.
Here is a quick recap of the meeting:
We had reports from representatives on the TMA Board of Trustees, Council on Legislation, Council on Medical Education, Council on Science and Public Health, Committee on Maternal and Perinatal Health, and Committee on Membership, as well as from the American Medical Association alternate delegate. They covered many interesting topics, including TMA's response to critics on Twitter, the pitfalls of multi-state licensing, the 39-week delivery rule for billing, and drafting a resolution on resident salaries for the AMA.
If you have any questions regarding these topics, please let us know so we can put you in touch with the respective representative. If you attended your council or committee meeting but were not able to attend the RFS meeting to provide a report, please email your report to RFSInfo@texmed.org.
Finally, I just want to remind everyone that the First Tuesdays at the Capitol lobby day for residents and students will be April 7, and TexMed 2015 will be in Austin on May 1-2. Please save these dates in your calendars, and make your time-off requests early.
Our RFS Business Meeting during TMA Winter Conference will be Saturday afternoon, Jan. 31, directly following the General Session. There likely will be a Friday night social event for residents and fellows. Watch your email for details as the date approaches.
Remember: Your commitment is small but worthwhile. TMA is an organization of physicians, and we are the new generation needed to shape the practice of medicine for the future. If we don't get involved, then we have no right to complain when things don't go our way.
Twisha Chakravarty, MD
TMA Resident and Fellow Section
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Report: Resident Compensation Unchanged in 40 Years
When adjusted for inflation, resident physician compensation has not increased in 40 years, according to Medscape’s Residents Salary & Debt Report 2014, which surveyed 1,279 U.S. residents in 25 specialty programs. In fact, factoring in housing costs and education-related debt as well as inflation, resident stipends are slightly less than they were 40 years ago.
The report provides results of an online survey conducted in June that looked at what residents earn, their medical school debt during residency, and their satisfaction with their compensation and workplace relationships. Medscape reports the average national resident salary is $55,300, regional discrepancies are large, and gender disparity is relatively low.
Residents in critical care specialties earned the highest salary of $65,000, with family medicine residents earning the lowest annual salary of $52,000. The survey revealed a 4-percent disparity for salaries between male and female residents; despite this, the results showed higher satisfaction with compensation among female residents (57 percent) than their male counterparts (48 percent).
While the results didn't give a national debt average, they did look at how much debt residents carried at specific intervals after completing medical school. Thirty-six percent of those surveyed still owed more than $200,000 after five years in residency. The report notes that residents in the south central region of the United States, which includes Texas, have some of the lowest debts, as well as some of the lowest resident salaries. The report speculated the lower debt in this region may be due to the fact that several Texas medical schools have some of the lowest tuition rates. Furthermore, Texas has a high proportion of public medical schools in comparison with other regions of the country.
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Save the Date
Mark your calendar for 2015 TMA Winter Conference, which will take place Jan. 30-31 at the Hyatt Regency in Austin. The conference provides an opportunity for you to conduct TMA business, obtain continuing medical education, and network with peers.
Highlights include a presentation from Dr. Jeff Steiner, author of The Physician’s Guide to Personal Finance: The review book for the class you never had in medical school. Also, elections will be held for the resident member of the TMA Board of Trustees and alternate delegate to the Texas Delegation to the AMA. Nominations for positions are due Jan. 15, 2015.
To apply, submit a letter of intent and a current CV to RFSInfo@texmed.org. All other Executive Council elections take place at TexMed 2015, which will be held in Austin on May 1-2. A call for Executive Council nominations will be issued following Winter Conference.
Stay tuned to TMA’s Action newsletter for more information and to register to attend upcoming conferences.
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Check Out the Latest Installment in TMA's Resident Video Library
The Resident Video Library offers convenient, on-demand access to to information you need to survive residency as well as the business of medicine knowledge to help you transition into active practice successfully. Check out the DocbookMD videos to learn how the HIPAA-compliant application for smartphone and tablet devices can help you provide better patient care and enable you and your care team to send secure messages and images from a mobile device anytime, anywhere.
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Register Today for the AMA-RFS Interim Meeting
Mark your calendar for the AMA-RFS Interim Meeting in Dallas, Nov. 6-8. The meeting is your opportunity to voice your concerns, share ideas, develop leadership skills, and form coalitions to effect positive change in health care. Register by Friday, Oct. 31. If you would like to serve as a Texas delegate to the AMA-RFS, please notify your section coordinator.
At this year's Interim Meeting, the AMA-RFS will implement a Virtual Reference Committee (VRC) to complement its in-person Reference Committee. The VRC is a response to the increase in resolution submissions, and it will enable residents and fellows to access, view, and comment on items of business before the meeting. If you have questions about the VRC, contact AMA-RFS staff at (312) 464-2421.
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Nominate a Worthy Physician for the J.T. "Lamar" McNew, MD, Award
Do you know a physician who has provided outstanding mentoring and service to residents and fellows? If so, nominate him or her for the J.T. “Lamar” McNew, MD, Award. The nomination deadline is Jan. 15, 2015. The TMA-RFS will recognize the winning physician during TexMed 2015 in Austin, May 1-2.
The award is named for Dr. McNew, a retired Bryan physician who served in the Brazos Valley region for many years and was a primary provider of obstetrical services to women on Medicaid in the area. He also taught at the Texas A&M University System Health Science Center for 20 years.
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IOM Report: Overhaul GME System Funding
The Institute of Medicine (IOM) released a much-anticipated report in late July that advocates transitioning the current graduate medical education (GME) funding system to a transparent, performance-based system. Read more about the report and its recommendations on the IOM website and in this month's issue of Texas Medicine.
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Apply Now for RFS Council, Committee Appointments
Resident representatives and alternate representatives serve one-year terms on TMA boards, councils, and committees. Apply now for the 2014-15 term by submitting an application to your section coordinator.
Keep up with important news and connect with colleagues across the state through the RFS Facebook page.
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