Residency comes next

[WayOutWestMom]

Hahnemann update:

After weeks of protests from medical residents and fellows, the owner of Hahnemann University Hospital announced Wednesday that it will release the funding attached to its doctors-in-training, allowing them to accept jobs elsewhere.

To release the funding, Hahnemann technically has to become de-accredited by the Accreditation Council of Graduate Medical Education (ACGME). On Wednesday, Philadelphia Academic Health announced that each residency program will withdraw from accreditation, with most doing so on Monday and a handful — family medicine, internal medicine, neurology, radiology and urology — withdrawing Aug. 6. On Aug. 7, the entire institution will withdraw from accreditation.

A letter sent Wednesday by Philadelphia Academic Health’s academic director, William C. Boyer, confirmed that telling academic program overseers that the medical residents would travel with only about 80% of their total allotted funding. That may make them less attractive candidates to other hospitals. Boyer wrote that each resident would be allotted the same amount.

https://whyy.org/articles/hahnemann-frees-funding-so-medical-residents-can-take-new-jobs/

Finally some progress!

Not the best news, but better than it has been.

[thumper1]

I really hope those residents all land someplace great. They deserve it after this horrible situation.

[WayOutWestMom]

The real reason why Hahnemann went bankrupt:
[Rich investors may have let a hospital go bankrupt. Now, they could profit from the land](https://www.cnn.com/2019/07/29/economy/hahnemann-hospital-closing-philadelphia/index.html)

About a month ago, the entity that owns the two hospitals filed for Chapter 11 bankruptcy protection, saying that although St. Christopher’s was profitable, Hahnemann’s financial situation was unsalvageable.
Not included in the filing: The entity that owns the entire city block’s worth of land underneath the hospital, as well as a few associated medical office buildings and parking garages, which Freedman had split off from the operating businesses when he and his co-investors acquired them. The same central location that made Hahnemann valuable as a health care provider — spitting distance from City Hall and the convention center — also makes the site incredibly desirable for a high-end hotel or condominiums.

And there’s a whole lot more going on–

If any of this is true, it’s pretty disgusting…

[artloversplus]

I know from the start that “money” must be involved.

[Creekland]

@WayOutWestMom The real reason you posted is what my med school lad told us when we mentioned the fiasco to him. It’s what he learned about it all. His main hospital has taken in at least one of the residents. Disgusting is the mild word for it.

[somemom]

I find myself very offended at the way they are so blithely screwing up all those resident’s lives, from visas, to research v not, to not releasing the funds so they can move on with life, etc. That stinks!

[WayOutWestMom]

[Hahnemann’s residency slots fetch $55 million in bankruptcy auction](The $55 million bid that won Hahnemann residency slots was ‘a big surprise’)

Hahnemann University Hospital’s residency slots fetched a $55 million winning bid from team of six local health systems at Thursday’s bankruptcy auction, topping bids by Tower Health and a California company that wants to reopen the Center City hospital.
Christiana Care Health System, Cooper University Health Care, and Main Line Health joined Einstein Healthcare Network, Jefferson Health, and Temple University Health System in the winning bid, which illustrates the value provided by Hahnemann’s more than 550 residents, whose salaries and benefits are paid by Medicare.
…
Hahnemann’s residents bring more than $100,000 a year each from Medicare, which has objected to the sale in bankruptcy court. It is not clear what will happen if Medicare ultimately blocks the sale.
The starting bid was a $7.5 million offer from Tower Health. The loss could be significant for the new academic partnership of Tower Health and Drexel University, which could now have a hard time building medical residency programs.

The sale of the residency slots will have zero effect on the current displaced residents who have mostly dispersed to new residency sites across the country.

The big loser here is Drexel SOM. Drexel has effectively just lost its entire residency & fellowship program.

[thumper1]

I’m just hoping all of those displaced residents have found a new program to welcome them.

[WayOutWestMom]

@thumper1

Per the ACGME, as of August 5, 95% of Hahnemann residents & fellows have already found new positions. Most of those who haven’t been placed hold offers from other programs.
https://acgme.org/Newsroom/Newsroom-Details/ArticleID/9556/ACGME-Continues-to-Aid-in-the-Successful-Placement-of-Hahnemann-Residents-and-Fellows

[WayOutWestMom]

Parental bragging alert—

D1 has landed!

She is now tenure track faculty at the highest ranked med school in her new country. It’s ranked in the top 20 med schools in the world.

She starts her new job in November.

Not bad for a kid who went to a mid-low ranked state med school!

[texaspg]

@WayOutWestMom Congratulations to your D!

Is there some permanence to her new location or will she make it back to US in a few years?

[WayOutWestMom]

@taxaspg

Unless her husband gets a job offer in academia he can’t refuse (like a full professorship at MIT or other top research U), they don’t plan to come back to the US.

[bajamm]

I am wondering what the likelihood is of getting a residency interview invite before Oct. 1 when the MSPE’s are released?

[WayOutWestMom]

With the exception of the student’s home program–unlikely.

Academic programs typically don’t even download applications until after MSPEs come out.

Community programs can be more variable. I’ve heard some less competitive community programs will send out IIs prior to MSPEs in hopes of reeling a few highly competitive applicants who might not bother to interview with the program once they have more options in hand.

[WayOutWestMom]

And I thought I’d share some happy news–

D2 had a BFF from high school who graduated from the same med school as D2, just one year ahead. BFF married a physician from Mexico who gave up his medical practice (as a pediatrician) to move to the US after they got married 2 years ago.

The BFF’s husband has been struggling to find USCE and prepare for the USMLEs. He has just been accepted to UCLA’s International Medical Graduates Program (https://www.uclahealth.org/family-medicine/img-program) --which is 1 year program for highly qualified FMGs that leads to placement into FM residencies in CA where their bilingual/bicultural background meets a local need.

Very happy for both of them. Tremendous honor for the husband. He gave up everything to be with his wife.

[bajamm]

Am I the only one here who had a kid submit their residency application this past week?

[WayOutWestMom]

No, there’s another CC parent whose kid is in the cycle, but I don’t think they’re comfortable posting to this thread.

[bajamm]

Ok, thanks. I guess I will need to go elsewhere for the commiseration between parents going through the same thing and the same time.

[texaspg]

I am here!

[texaspg]

I understood that although the application is submitted most programs may not touch review or schedule interviews until after MSPE is loaded after October 1st.