@grtd2010 Its a misleading. Insurance companies and Medicare provides same payment for x,y,z service, it doesn’t mean that all MDs are getting same starting salary (if working for a healthcare organization), making similar earnings across the board. Certain that geo-location plays a role (NY Dr vs ND Dr) for a service payment. Don’t know how insurance plans from same insurance company pays to MD for same service, e.g. physical exam payment made to MD office from insurance company A for its Plan A vs Plan B (ofc HMO, PPO, medicaid, medicare and what else). Tbh, I don’t grasp that side of aisle of healthcare industry, I know much as a healthcare consumer :-t It would be interesting if current MD, or anyone involved with healthcare organization or insurance company may shed some light on it.
@PPofEngrDr The payment does not depend on which medical school the MD attended. It is a billing code that determines what is paid by the payer. Of course, there may be variable payment for the same service by a payer based on location like hospital, emergency room vs physician office. But none of this is dependent on which medical school the MD attended. The billing amount also depends on the specialist performing the service.
Rejected from REMS. Still haven’t heard on GW or BU.
Waiting on from GW,PittGAP.
@-)
Case just sent an email to all applicants detailing that on Jan. 26th, an email with a link to the finalists portal/decision would be sent out.
Good luck everyone.
@bamd For NJMS to interview you, at least one feeder school has to forward your application. There is ONLY one interview regardless how many feeder school forward your application.
@PPofEngrDr As a physician who has worked in academia, private practice, and now works in Pharma doing research, which medical school one goes to does not matter at all. In private practice, each insurance companies pays the same for a particular code for each speciality, whether one is a MD or DO, irrespective of number of years of experience. The message I give to my children who want to do medicine is- don’t care about what medical school you go to-any US medical school will be fine. For many non-physicians, it is hard to get out of the mentality of ‘prestige’ of medical school, but most practicing physicians will really not care where their colleague went to medical school. Neither do I think patients care either IMHO.
@grtd2010 agree for billing code/service. There has to be something that differentiate among MDs (otherwise they all act like iPhone older vs newer version), believe it is their quality that comes from education (Medical school and ofc quality residency they did) and that increases influx of patients, thus revenue. Oh well, it is heading into nuances of industry, how healthcare organization wants from Drs to see certain number of patients in certain time and hence affecting quality of patient care.
@PPofEngrDr Although payers set the payments for each service or procedure, a physician can choose to accept which payers to participate in their practice. For example, medicaid and HMO’s may have the lowest payments for services, while a traditional private insurance company may pay significantly more for the same service. If you are a private practitioner, a physician or practice may choose to not accept medicaid patients or HMO plans and only accept patients with private insurance thus increasing the practice revenue. Or if your practice is on Park Avenue, NYC, you may only take cash, no insurance is accepted at all. If you are a physician working for a university that serves an inner city community, you will accept all insurance payers including medicaid, and possibly have lower practice revenue. A physician can compensate for the lower insurance payments, by making it up in volume by seeing more patients in a session, or receive compensation for other activities (resident or medical student teaching, research, cash services including weight loss programs, cosmetics procedures, etc).
Another way to gain more income is to choose a specialty that performs procedures that pay well, no matter which payer. For example, an orthopedic surgeon/dermatologist/plastic surgeon/ENT will receive much greater income than a primary care physician. Since those specialties are highly competitive, your medical school reputation may become factor in your ability to match into those competitive specialty training programs.
@GoldenStateDad My 2 cents, go with full-tuition UG 4 yrs paid off even though finance is not an issue. With your DS, getting all these interviews for BSMD (BU,RPI/AMC, REMS, UKMC, UAB etc), he can repeat the same via traditional route. He may even get into Harvard, JHU, Stanford, UCSF, UCLA etc. You may want to consider cold weather as a factor coming from CA.
Going forward most physicians will be salaried employees working for big hospital chains or insurance companies, so like other jobs where residency/fellowship was done may help with securing good first job.
Is anyone doing SLU presidential scholarship interview?
@srk2017 Good Point, good residency/fellowship are dependent on what do you do in medical school and are competitive. So these are open to everyone, not only those with prestige.
@grt2010 - Yes, you have to perform at every stage but school prestige gives some advantage.
How much more competitive do you guys think the applicant pool will be in 3-4 years? Looking back on 2013-14, admissions rates were comparatively sky-high and even just last year, BU’s number of SMED applications quite literally doubled from the previous year.
@Cherax - Just going by the number of applications is misleading. As the competition increases kids are applying to more schools each year. Same is the case with MD programs. Applying to 25-30 is common now a days vs less than 10 a decade or so ago.
For those that said got rejected from REMS, did you get reject email or saying since did not get interview invite?
@tam8000 Got an email abt rejection and it was updated in portal aswell.
Ok. Thanks!