Becker's Healthcare November 22, 2024
The long-standing federal cap on Medicare-supported residency slots coupled with ongoing economic challenges faced by hospitals could spell trouble for the nation’s physician shortage.
Most large academic medical centers train residents well beyond the number of positions for which they receive support from Medicare, meaning they cover the full cost of training for any additional residents. Across the country, teaching hospitals fully cover training costs for roughly 25,000 residents — averaging around $184,000 per resident annually in 2021 — without any federal reimbursement. They do so because a core part of their mission as teaching hospitals and academic medical centers is to develop the future physician workforce.
But amid ongoing financial pressures facing the industry, including high labor and...
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