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Sample Contract
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Resident Salary and Benefits
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Information
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"I
came to Waco because I found the training
program to be the most comprehensive of all the programs at which I
interviewed. As an
unopposed program, I get the benefit of taking care of a wide variety of
conditions without having to defer to specialist training programs.
At the same time,
because of the friendliness of the medical environment here, I am not
intimidated to
work one-on-one
with the many consultants available to use here.
In
addition I have grown to love the city of Waco, which was originally not
an appeal to me about the program. But the great parks, Lake Waco,
the huge variety of restaurants and activities, and the strong
intercultural focus, especially among our patient populations, has made
living here a very enjoyable experience. Since I've been in Waco
I've found that my initial hang-ups about being in a small town have
melted away. What I like best about doing my residency here is the
other residents and faculty. We are truly a team, and have faculty
who really advocate for us." Adam Flowers, Class of
2008, Chief Resident |
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PGY1
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PGY2
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PGY3
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Salary
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$43,993
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$ 46,341
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$47,587
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CME
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$
500 |
$ 1,000
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$ 1,000
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Books
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$
100 |
$
100 |
$
100 |
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Subscription to Up To Date
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$
200 |
$
200 |
$
200 |
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Dues
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$
100 |
$
100 |
$
100 |
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Moving Allowance
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$ 2,500
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Health Insurance for Resident
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$ 4,729
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$
4,729
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$
4,729
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Health Insurance Shared Dependent
Coverage*
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$ 4,600 |
$ 4,600
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$ 4,600
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Dental Insurance Resident
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$
246 |
$
246
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$
246
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Life & Disability Insurance**
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$
308 |
$
325 |
$
334 |
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Worker’s Comp Insurance
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$
175 |
$
184 |
$
189 |
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Malpractice Insurance FTCA Coverage
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***
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***
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***
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NALS Course
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$
175 |
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PALS / ALSO annually starting
Spring 2005 |
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Notebook Computer (wireless network
& Software)****
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$ 1,500
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Handheld PC****
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$
350 |
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Free meals for conferences
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$ 1,500
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$ 1,500
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$ 1,500
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Free food on call
(Approx Value) |
$ 1,200
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$ 1,200
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$ 1,200 |
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Pager
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$
85 |
$
85 |
$
85 |
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Lab Coats
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$
80 |
$
40 |
$
40 |
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*Beginning
7/1/2002 program pays 50% of dependent health insurance coverage
**Life
insurance for 2x annual salary, 4x annual salary for accidental death.
Disability insurance for 60% of income.
***As
part of our Federally-Qualified Community Health Center benefits, residents and
faculty are covered for services provided to FHC patients by Federal Tort Claims
Act (FTCA) protection and are defended in any malpractice litigation by the
United States Department of Justice.
****Notebook
computer and handheld PC distributed at orientation for use throughout residency
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"I chose Waco FM
residency because it was by far the best program that I had
interviewed. The residents were great, friendly, and very knowledgeable.
I think it is the best place for rural FM
training." Jason
Lentz, Class of 2007 |
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Beginning
July 2002 our program began to cover 50% of the cost for dependent health
insurance for resident families with the remainder being covered tax-free by the
resident under our FHC Cafeteria Benefit plan.
Secondly, a comparison of benefit packages among programs in Texas shows
that our first year salary of $43,993 is amongst the very highest in the
state. Our goal has always been to
provide a competitive benefit package that does not become a major factor in the
decision making process for applicants to our program, so that rank order
decisions are based on factors which are ultimately much more important, such as
the educational quality of the program. In
regard to educational quality we believe that there is little argument that our
program is one of the best.
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403B
Retirement Plan (Contributions are pre-tax)
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Cafeteria
Plan (Covers resident's portion of dependent health
and dental insurance and up to
$3000/yr additionally into a pre-tax account for
qualifying medical expenses and
up to $5000/yr for dependent child care)
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Laundry
Service for lab coats
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$400.00
Salary advance per year
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Additional
Advances for USMLE, Licensure Fees, Jurisprudence, and Board Exams
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Discounted
Movie Tickets ($5.00 each)
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Prescription
Medications (10% co-payment or $5 for generic Rx, 10% co-payment or $15
for name brand)
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First
year residents have 10 weekdays for vacation.
Second and third year residents are given 15 weekdays for vacation.
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All
residents are encouraged to attend educational meetings.
Time off for meetings will be limited to five (5) weekdays per year for
2nd and 3rd year residents and two (2) weekdays for 1st year residents.
Second and third year residents will be allowed a maximum of $1000.00
per year to attend educational meetings, 1st year residents - $500.00.
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Each resident is allowed ten (10)
days of sick leave per year, six of which may be carried over into the next
year.
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The clinic will accept whatever
insurance pays as total payment for medically necessary care provided to
residents and their family members at the Family Health Center.
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Prescriptions
for employees and their dependents that have FHC insurance will have a mandatory
co-pay of the higher of $5.00 or 10% of a generic drug prescription’s regular
charge. The related co-pay for brand name drugs will be the higher of
$15.00 or 10% of the prescription’s regular charge.
Payments may be made through payroll deductions, using requisitions to be signed
at the time the prescription is presented to our pharmacy.
The pharmacy also offers a limited number of over-the-counter drugs at
Center cost.
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While
on ER and OB call and when in-house due to service call, meals are provided free
of charge.
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Meals are provided free of charge at each noon conference.
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Moonlighting opportunities
within the institution are
readily available after hours in the Family Health Center beginning as early
as November of the PGY1 year with faculty approval.
Other moonlighting opportunities in Waco and surrounding communities are
available to residents during their second and third years of training.
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Over the past few years we have developed
an affiliated group of clinical family physicians (distinct from our residents
and faculty) that help us to serve our community. These physicians help us
to control patient volume for residents in the Family
Health Center and also on the hospital teaching services at an optimal level
for resident education. This group now consists of 10 full time family
physicians. A number of these are our graduates that have chosen to stay
and practice with us, continuing to serve our patients. They provide some care at our main site but for the most part
are based in our
outlying sites. These include South 18th Street Community
Clinic, McGregor,
Bellmead Clinic, Providence (at Waco Lung
Associates office), Elm Avenue, and Myers Center for the Homeless. This is
a very innovative project that allows us to continue to provide
high-quality care for increasing numbers of our underserved population without overburdening the
educational program.
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Contact Information |
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