Direct GME Costs

Direct GME costs are the resources and infrastructure directly attributable to GME activities. These costs fall into three basic categories: (1) resident salaries and fringe benefits, (2) physician compensation for GME-related activities, and (3) other administrative support and infrastructure costs...

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Bibliographic Details
Published inDoes It Cost More to Train Residents or to Replace Them? p. 8
Main Authors Barbara O. Wynn, Robert Smalley, Kristina M. Cordasco
Format Book Chapter
LanguageEnglish
Published RAND Corporation 26.09.2013
Subjects
Accountancy
Administrative expenses
Business
Business expenses
Committed fixed costs
Direct costs
Economic costs
Economic costs and benefits
Economic disciplines
Economics
Economies of scale
Education
Educational administration
Employment
Financial accounting
Fixed costs
Health care administration
Health care costs
Health care economics
Health care facilities
Health care industry
Health sciences
Hospital administration
Hospital costs
Hospitals
Labor economics
Medical personnel
Microeconomics
Occupations
Physicians
Teaching hospitals
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Summary:Direct GME costs are the resources and infrastructure directly attributable to GME activities. These costs fall into three basic categories: (1) resident salaries and fringe benefits, (2) physician compensation for GME-related activities, and (3) other administrative support and infrastructure costs directly attributable to GME activities at the program and institutional level. Table A.1 in Appendix A provides a summary of total GME costs per resident that we derived from Medicare cost report data for 2008. The median GME cost per full-time equivalent (FTE) resident across teaching hospitals was $134,803. The table includes only costs that were incurred by the teaching