A model of determining a fair market value for teaching residents: Who profits?

Pediatrics

Volumn 112, Issue 1 I, 2003, Pages 40-48

  Cullen Jr , Edward J ^a,b   Lawless, Stephen T ^a,b   Hertzog, James H ^a,b   Penfil, Scott ^a,b   Bradford, Kathleen K ^a,b   Nadkarni, Vinay M ^a,b   Corddry, David H ^a,b   Costarino Jr , Andrew T ^a,b  

^a NEMOURS ALFRED I DUPONT HOSPITAL FOR CHILDREN   (United States)

^b THOMAS JEFFERSON UNIVERSITY   (United States)

Author keywords

Economic balance point; Fair market value; Opportunity cost; Relative value unit; Return on investment for resident education

Indexed keywords

ARTICLE; ECONOMIC ASPECT; HEALTH ECONOMICS; INTENSIVE CARE UNIT; INVESTMENT; LONGITUDINAL STUDY; MEDICAID; MEDICARE; PEDIATRICS; PRIORITY JOURNAL; PROFIT; RESIDENCY EDUCATION; RETROSPECTIVE STUDY; TEACHER; TEACHING HOSPITAL;

ADULT; CRITICAL CARE; DELAWARE; EDUCATION, MEDICAL, GRADUATE; FEE-FOR-SERVICE PLANS; FINANCING, GOVERNMENT; HEALTH CARE SECTOR; HOSPITAL BED CAPACITY; HOSPITALS, PEDIATRIC; HOSPITALS, UNIVERSITY; HUMANS; INTENSIVE CARE UNITS, PEDIATRIC; INTERNSHIP AND RESIDENCY; MODELS, THEORETICAL; PEDIATRICS; SALARIES AND FRINGE BENEFITS; SOFTWARE; TRAINING SUPPORT; UNITED STATES; UNITED STATES CENTERS FOR MEDICARE AND MEDICAID SERVICES;

EID: 0038419538     PISSN: 00314005     EISSN: None     Source Type: Journal    
DOI: 10.1542/peds.112.1.40     Document Type: Article

References (21)

1. American Academy of Pediatrics, Committee on Pediatric Workforce. Financing graduate medical education to meet pediatric workforce needs. Pediatrics. 2001;107:785-789
2. Wray JL, Sadowski SM. Defining teaching hospitals' GME strategy in response to new financial and market challenges. Acad Med. 1998;73:370-379
3. Nicholson S. The effects of Medicare payment subsidies to teaching hospitals. Issue Brief, Leonard Davis Institute of Health Economics. December 2001/January 2002;7
4. National Archives and Records Administration. Federal Register. Monday, June 19, 2000, Vol. 65, no. 118, 37985 [00-15340]
5. National Archives and Records Administration. Federal Register. Thursday, March 1, 2001, Vol. 66, no. 41, 12947 [01-5008]
6. Thompson L, Risley T. Committee on Coding and Reimbursement. 2000 RBRVS, What Is It and How Does It Affect Pediatrics? Elk Grove Village, IL: American Academy of Pediatrics; 2000
7. Cullen EJ, Lawless ST, Nadkarni VM, et al. Evaluation of a pediatric intensive care residency curriculum. Crit Care Med. 1997;25:1898-1903
8. Miller M, Welch W. Analysis of Hospital Medical Staff Volume Performance Standards: Technical Report. Washington, DC: The Urban Institute Working Paper; 1993:6201-6210
9. Friedman JP. Dictionary of Business Terms. Hauppauge, NY: Barron's Educational Series, Inc; 1994:216
10. National Association of Children's Hospitals. HRSA List of DME and IDME Payments. Alexandria, VA: National Association of Children's Hospitals; 2000
11. HRSA NEWS. HHS awards nearly $227 million to children's teaching hospitals to ensure quality health care for America's children. Available at: http://www.hrsa.gov/Newsroom/releases/2001%20Releases/childhospgrantsl.htm. Accessed March 21, 2002
12. Yeh TS. Give a little, take a little: resident education in the evolving healthcare environment. Crit Care Med. 1997;25:1782
13. Shea S, Nickerson KG, Tenenbaum J, et al. Compensation to a department of medicine and its faculty members for the teaching of medical students and house staff. N Engl J Med. 1996;334:162-167
14. Behrman RE. Postgraduate education for pediatricians. Pediatrics. 2001;107:553-557
15. Spevetz A, Brilli RJ. General guidelines for resident teaching in critical care medicine. New Horiz. 1998;6:255-259
16. Jones MD Jr, Boat T, Adler R, et al. Final Report of the FOPE II Financing of Pediatric Education Workgroup. Pediatrics. 2000;106(suppl):1256-1270
17. Powner DJ, Rogers PL, Kellum JA. Compensation for teaching in critical care. Crit Care Med. 2000;28:1612-1615
18. Nutter DO, Bond JS, Coller BS, et al. Measuring faculty effort and contributions in medical education. Acad Med. 2000;75:199-207
19. The Leapfrog Group for Patient Safety. Available at: http://www.leapfroggroup.org. Accessed March 25, 2002
20. Cullen EJ, Lawless ST, Nadkarni VM, McCloskey JJ, Corddry D. PICU resident learner (RL), resident educator (RE) and utility scores [abstract]. Pediatr Res. 1999;45:76A
21. National Archives and Records Administration. Federal Register. Tuesday, November 2, 1999, Vol. 64, no. 211, 59380-59590 [99-28367]