Issue link: https://beckershealthcare.uberflip.com/i/1161749
55 FINANCE CMO / CARE DELIVERY Salary potential influences most residency choices: 10 highest-paid residencies By Emily Rappleye A lmost all medical residents — 93 percent — say salary poten- tial influenced their specialty choice, at least to some degree, according to a survey conducted by Medscape. e survey was conducted in April and May 2019 among nearly 2,300 residents. Medscape found less than half of resi- dents (47 percent) feel fairly compen- sated for their work, largely because of their skill level, the hours they work and the pay of other clinicians. e average resident earns $61,200, according to the survey. Unfortunately for the shortage of primary care physicians, primary care residencies were at the bottom of the pay scale, with family medicine resi- dencies paying the least at $57,400. Here are the 10 highest-paid residencies, according to Medscape: 1. Medical geneticists: $67,500 2. Allergy and immunology: $66,500 3. HIV/Infectious diseases: $66,500 4. Surgery, specialized: $65,700 5. Plastic surgery/aesthetic medicine: $65,600 6. Cardiology: $65,400 7. Hematology: $65,400 8. Critical care: $65,300 9. Endocrinology: $64,700 10. Pulmonary medicine: $64,600 n Connecticut hospital fined $150K over cancer misdiagnoses By Mackenzie Bean C MS fined Yale New Haven Health's Bridgeport (Conn.) Hospital $150,000 after the facility mixed up eight patients' test specimens, leading to several cancer misdiagnoses, The Middletown Press reported. State health inspectors identified the medical errors during an unannounced inspec- tion in July 2018. In one situation, a 41-year-old woman chose to have a hysterec- tomy after incorrect pathology results led her to believe she had cancer. In another case, physicians told a 66-year-old patient his lab results were normal when a malig- nancy existed, according to a state inspection report cited by The Middletown Press. CMS prohibited Bridgeport Hospital from performing cytology testing and stopped reimbursing the facility for the testing, effective Nov. 29, 2018. The hos- pital now outsources all cytology testing to Yale New Haven (Conn.) Hospital. Bridgeport Hospital must secure CMS' approval before resuming any in-house cytology testing. "Even in the best organizations, medical errors occur. When they do, our obliga- tion is to acknowledge them, learn from them and ensure that we minimize any chance that they ever occur again," Dana Marnane, director of communications for Yale New Haven Health, told The Middletown Press. "We took the results of the investigation very seriously and made changes to significantly improve our lab processes. We offered our heartfelt apologies and have pledged to do bet- ter in the future." n The 'Starbucks of primary care'? What you need to know about One Medical right now By Ayla Ellison O ne Medical, a tech-based primary care medical group, is in growth mode. One investor says the company, valued at nearly $2 billion, could be "the Starbucks of primary care," according to CNBC. Five things to know about One Medical: 1. San Francisco-based One Medical, which provides on-demand primary care, has sold its services to several big companies. Space X and Google are among the more than 4,000 employers that One Medical says offers its services as a perk to employees, according to CNBC. 2. One Medical has an annual membership fee of $199 and has 72 clinics in seven states. 3. One Medical President and CEO Amir Dan Rubin told CNBC the company is focused on expanding into new cities, including Atlanta and Portland, Ore., and adding new services. 4. The company is partnering with health systems. Atlanta-based Emory Health- care announced a partnership with One Medical on July 25. 5. The company has raised more than $400 million, including $220 million in a funding round led by Carlyle Group in 2018. "You wouldn't think a firm like us would invest in a venture-style company that still loses money," Steve Wise, a One Medical backer from Carlyle, told PE Hub in an interview cited by CNBC. "But it's a space we know well and we believe in. We want to be the Starbucks of primary care." n