The monetary value of work performed by on-call orthopedic residents is significantly greater than the funding for graduate medical education, according to a study in the Journal of Graduate Medical Education.
Here are four things to know:
1. The study authors used data on 2,644 consults seen by 33 on-call orthopedic surgery residents at four tertiary academic medical centers in the U.S. Procedures and evaluations for each consult were assigned a relative value unit based on their current procedural terminology codes and were converted into a monetary value.
2. The primary outcome measures were the total dollar value of each consult and the percentage of residents' salaries that could be funded by the monetary value generated by theses consult services.
3. The consults yielded an average value of $81,868 per center for the 90-day study period or $327,471 annually.
4. The median resident stipend was $53,992; 73 percent of the on-call residents' stipends could be funded by the consult revenues, and 36 percent of the overall resident cohort could be funded by the consult revenues.
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