National Survey of Emergency Medicine Resident Moonlighting

Langdorf, Mark I.; Ritter, Michael S.; Bearie, Brian; Ferkich, Anthony; Bryan, James H.

doi:10.1111/j.1553-2712.1995.tb03228.x

Cited by 16 publications

(4 citation statements)

References 7 publications

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“…2 This difference undoubtedly reflects the rapidly increasing costs of medical education. In 2000, Kazzi et al reported that the mean (6SD) debt of emergency medicine residency applicants was $72,290 (6$48,683) and the median debt was $70,000.…”

Section: Discussionmentioning

confidence: 99%

“…While our data demonstrated an increase in the level of indebtedness and that personal debt was the most common reason for moonlighting, the total percentage of moonlighting residents in our study was lower than previous studies, which reported rates of about 50%. 2,8 This difference may be due to changing attitudes toward the acceptability of moonlighting before the completion of training, newer moonlighting regulations in residency programs that limit or restrict resident moonlighting, or the inability to obtain a permanent medical license by junior residents in some states. In any case, our data demonstrated that most residents (58.0%) believed that moonlighting would be necessary to meet their financial needs.…”

Section: Discussionmentioning

confidence: 99%

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Survey of Emergency Medicine Resident Debt Status and Financial Planning Preparedness

et al. 2005

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Objectives: Most resident physicians accrue significant financial debt throughout their medical and graduate medical education. The objective of this study was to analyze emergency medicine resident debt status, financial planning actions, and educational experiences for financial planning and debt management. Methods: A 22-item questionnaire was sent to all 123 Accreditation Council on Graduate Medical Education-accredited emergency medicine residency programs in July 2001. Two follow-up mailings were made to increase the response rate. The survey addressed four areas of resident debt and financial planning: 1) accrued debt, 2) moonlighting activity, 3) financial planning/debt management education, and 4) financial planning actions. Descriptive statistics were used to analyze the data. Results: Survey responses were obtained from 67.4% (1,707/2,532) of emergency medicine residents in 89 of 123 (72.4%) residency programs. Nearly one half (768/1,707) of respondents have accrued more than $100,000 of debt. Fifty-eight percent (990/1,707) of all residents reported that moonlighting would be necessary to meet their financial needs, and more than 33% (640/ 1,707) presently moonlight to supplement their income. Nearly one half (832/1,707) of residents actively invested money, of which online trading was the most common method (23.3%). Most residents reported that they received no debt management education during residency (82.1%) or medical school (63.7%). Furthermore, 79.1% (1,351/1,707) of residents reported that they received no financial planning lectures during residency, although 84.2% (1,438/1,707) reported that debt management and financial planning education should be available during residency. Conclusions: Most emergency medicine residency programs do not provide their residents with financial planning education. Most residents have accrued significant debt and believe that more financial planning and debt management education is needed during residency.

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Section: Discussionmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Survey of Emergency Medicine Resident Debt Status and Financial Planning Preparedness

et al. 2005

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“…4 In EM, a survey of residents regarding educational debt and moonlighting activity showed a correlation between higher debt and occurrence of moonlighting. 5 Furthermore, the Association of American Medical Colleges has reported that educational indebtedness of EM-bound students is one of the two highest, quantified at a median of $70,000 in 1996. 6 Starting community-practice EM salaries have been reported at $173,090 (the average of the five regional 50th-percentile yearly salaries from the 1999 Daniel Stern and Associates Management and Physician Compensation Report 7 ).…”

Section: Discussionmentioning

confidence: 99%

The Effect of Emergency Medicine Residency Format on Pursuit of Fellowship Training and an Academic Career

Lubavin¹

2004

Academic Emergency Medicine

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“…For medical students, the major reasons for taking on a part‐time job are to supplement their income and the positive educational experience. The amount of study debt has been correlated in other studies with part‐time employment (4, 10–12). Subsequent studies should therefore explore student study debt and the socioeconomic status of the dental hygiene students.…”

Section: Discussionmentioning

confidence: 99%