Salary/Benefits
Salary
Salaries for residents and fellows at Presbyterian Hospital are revised annually and are competitive with similar northeast programs. Salaries for the year 2008-2009 are:
| Year | Annual Salary |
| PGY1 | $48,752 |
| PGY2 | $51,296 |
| PGY3 | $54,294 |
| PGY4 | $55,969 |
| PGY5 | $58,051 |
| PGY6 | $60,707 |
| PGY7 | $62,648 |
In addition, a housing stipend of an additional $3,000 is provided to each resident, half provided in July and half in January. The GME office website also provides this salary scale information, as well as much of the information you will find below.
Vacation Time
Residents are given 4 weeks of paid vacation per year, taken in 1 week blocks. Scheduling is flexible within the constraints of having adequate coverage for each service.
Leave
NewYork-Presbyterian Hospital provides 30 days of paid maternity leave and 3 days of paid paternity leave for both births and adoptions. 30 days of paid family or medical leave are also provided. However, in all cases, early notification is important so that schedules can be adjusted and adequate in-house coverage provided.
New York State License Application
The hospital resident compensation package reimburses residents for the first time, initial application for a New York State license. This only applies to initial application not renewal or limited permits.
Professional Liability
The following information is taken from the GME website at NYPH and is accurate as of August 2003. For up-to-date information please vist the GME website at http://e-net.nyp.org/gme/liability.htm
2003-2004 Resident/Clinical Fellow Professional Liability Insurance Pamphlet
This pamphlet is designed to provide residents and clinical fellows appointed by New York-Presbyterian Hospital ("NYPH") with an overview of the professional liability insurance program offered to you by NYPH. This pamphlet is not an insurance policy and does not contain all the terms and conditions of the actual policy. For more information about the policy and the details of the insurance program, please contact the Program Insurance Administrator at NYPH (Columbia Presbyterian Campus at 212-305-1919) or the Department of Graduate Medical Education ("GME") (212-305-6081 for Columbia Presbyterian).
What Company Provides my Malpractice Coverage?
Your malpractice coverage is provided through MCIC Vermont, Inc. (MCIC), an insurance company jointly owned by Columbia University, Cornell University, and NewYork-Presbyterian Hospital, as well as University of Rochester, Johns Hopkins University and Yale University. The insurance program has been in existence for over 25 years.
What are my Obligations under this Program?
While you are a Resident/Clinical fellow, (hereinafter "Resident") you have an obligation to participate in risk management education as defined by NYPH and by your Department and to promptly report important events as described below.
After you leave the residency program, please be certain to provide a forwarding address to the GME Office in the event you need to be contacted.
At all times, you have an obligation to cooperate with the Offices of GME and Risk Management.
When Does my Coverage Start and Stop?
Your coverage starts on the first day you are appointed as a resident at NYPH and ends when you graduate from the residency program or when your NYPH appointment is terminated for whatever reason. During some external rotations, your MCIC coverage may be suspended if the outside institution provides coverage. Questions about your coverage during an external rotation should be directed to your Chairman, your Program Director or the GME Office.
(Please also see the related question below "What Kind of Malpractice Coverage is Provided?" regarding tail coverage.)
What Are The Limits Of Coverage?
The primary coverage limit is greater than $1,000,000 per claim, with an unlimited annual aggregate. There are also excess insurance limits provided by MCIC to cover claims above the primary coverage limit.
What Professional Activities Are Covered?
Only professional activities that are an approved part of your residency program and within the scope of your delineated privileges are covered. You are not covered for moonlighting activities or for any professional activities that are outside the scope of your residency program. If you have any questions about what is or is not covered, you should check with your Chairman, your Program Director, or the GME Office.
What Kind of Malpractice Coverage is Provided?
The policy that is provided to you is called a modified claims-made policy. In addition to being covered for claims reported during the policy period, you are covered for claims arising during your residency but reported after your policy has ended. (See below.)
What Happens When I Complete the Residency Program or Leave New York- Presbyterian?
As long as the claim arises from professional services rendered by you while you were a resident (and were engaged in an approved activity as defined above) MCIC provides malpractice coverage. Of course, no coverage will be provided for any claims arising from activities outside of the residency program or arising from activities after you graduate or no longer have an appointment at NYPH.
Benefits
NewYork-Presbyterian Hospital provides house staff and their enrolled eligible dependents with hospital and medical insurance benefits, vision and dental plans, with a variety of managed-care and preferred provider options. Long-term disability and professional liability insurance is provided at no charge to the house staff. Basic Life Insurance of $100,000 is also provided at no cost to the house staff employee. Dependent spending accounts and financial planning is also available.
Current and detailed information on all benefits is available through the House Staff Office at (212) 305-6081 or on-line at http://e-net.nyp.org/gme.
The following is up-to-date as of August 2003 and is provided here because of the limited access to the NewYork-Presbyterian Hospital GME site.
NewYork-Presbyterian Hospital FlexAbility Program
The following policies have been compiled by the Department of Graduate Medical Education at New York Presbyterian Hospital for use by the members of the Graduate Staff, Program Directors, and Clinical Leaders. NYPH is committed to offering quality GME programs as part of its education mission. The institution provides mechanisms the insure that all programs are in compliance with the Institutional and Program Requirements for Residency Training as promulgated by the Accreditation Council on Graduate Medical Education (ACGME).
Eligibility
Regular full-time graduate staff
Legal spouse/domestic partner and unmarried dependent children to the end of the year in which they attain age 19 (to the end of the year they attain age 23, if full-time students)
Effective Date
First of the month coincident with or following date of hire.
Benefit Options
-
Medical
- Empire Direct Connection EPO
- Empire Deluxe PPO
Dental
- Prudential Traditional Dental
- Prudential Healthcare PDO
- Columbia Dental
- Dental Associates
- Aetna US Healthcare Advantage Managed Dental Plus
Survival Benefits
- Basic life insurance is $100,000 provided at no cost to house staff employees
- Accidental Death & Dismemberment Insurance 1x, 2x or 3x
- Dependent Term Life Insurance
Disability
- Short-term disability
- Long-term disability provided at no cost to house staff employess
Spending Accounts
- Dependent care spending account
- Transportation reimbursement spending account
- Parking reimbursement spending account
- Health care spending account
Legal Services
- Group legal services through Hyatt Legal Plan
Financial Planning
- Core Services
- Financial education systems
- Tax-Sheltered Annuity (set aside a designated amount of money on a pre-tax basis up to 25% of your salary. Contributions cannot exceed 25% of your salary each pay period capped at the annual IRS-mandated maximum of $10,500). Investment options are through: Fidelity Investments, Teachers Insurance and Annuity Association-College Retirement Equities Fun (TIAA-CREF)
The Hospital expects to continue these plans indefinitely, but reserves the right to modify or discontinue any of them at any time. Such modifications or terminations shall be adopted by the Office of the Executive of New York Presbyterian Hospital at either a regular meeting or special meeting called for such purpose.
Confidential Counseling Service
The House Staff Mental Health Service (HSMHS) has been created to provide House Staff with immediate access to confidential, affordable psychiatric care with experienced clinicians.
Program Overview: The HSMHS provides a free consultation for House Staff upon request. After this initial consultation, where indicated, a referral is made for up to 10 sessions per year of treatment paid for directly by the Hospital. All services provided are entirely confidential.
Eligible Employees: Active full and part-time House Staff members of New York-Presbyterian Hospital on NYP payroll (the only exception are the Columbia Presbyterian House Staff members on the payroll of the Psychiatric Institute). Spouses/domestic partners and dependents are not covered under this program.
On-Call Meals
On-call meals are provided to residents during time in the intensive care units, where it is not possible to leave the hospital. In addition, snacks and juice are available in the house-staff lounge located in close proximity to the callrooms in Vanderbilt Clinic.
At Overlook Hospital, a monthly meal allowance of approximately $150 is provided.
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