Family Medicine Residency Program: Salary and benefits

Mercyhealth’s Family Medicine Residency Program offers a generous salary and benefits program to its residents with an increasing salary scale per year.

When added into the compensation equation, you as a resident benefit from such a program in many diverse and worthwhile ways.

Current salary

  • PGY I: $57,000, $8,000 signing bonus and laptop computer
  • PGY II: $58,500
  • PGY III: $60,000
  • SM fellow/hospitalist fellow: $61,500

Relocation

Residents are allowed relocation assistance up to $2,500.

Vacation

The first day of residency, each resident receives 15 paid vacation days per year and six paid holidays. Unused time does not accrue from year to year.

Sick time

On the first day of residency, each resident receives six paid sick days. Sick time may be used for illness, injury, or need to obtain medical or dental treatment for the resident, spouse, or children. Unused sick time does not accrue from year to year.

Training/licensing

Residents are reimbursed for the cost of all licensing fees (e.g., Wisconsin state medical licensure and DEA). These licensures are required of each resident by the end of the second year. Residents are also reimbursed for the USMLE III testing fee. Mercyhealth also pays for registration for the following certifications: ACLS, BLS, ALSO and NRP.

Meals

Meals are provided to all residents while on call in the Mercyhealth Hospital and Trauma Center.

Continuing medical education

  • PGY I: $750
  • PGY II: $1,500
  • PGY III: $1,500
  • SM fellow/hospitalist fellow: $3,000
  • Residents are reimbursed for approved educational travel expenses. Each year, the resident is allowed five paid days for approved conferences above and beyond the three weeks paid vacation time.

Health insurance

You and Mercyhealth share responsibility for the cost of the medical care coverage for you and your dependents. The premium contribution depends upon the type of coverage you select. Health insurance is effective the first of the month following 30 days of employment.

Dental insurance

Premiums are fully funded by Mercyhealth. Dental insurance becomes effective the first of the month following 30 days of employment.

Life insurance

Mercyhealth provides life and accidental death and disability insurance coverage equal to one time your annual earnings. These are effective the first of the month following 90 days of employment. Supplemental and dependent life options are also available.

Flexible benefit plan

This benefit allows you to set aside pre-tax dollars from your paycheck to pay for qualified medical and/or childcare/dependent expenses. This benefit requires annual enrollment and is effective the first of the month following 30 days of employment.

Employee Assistance Programs (EAP)

All residents have access to the EAP benefit at no cost. EAP provides assessment, consultation, short-term counseling, and resources for personal and family matters.

Liability insurance

Residents receive malpractice insurance coverage for any services performed within the scope of the duties of the hospital or the program.

Tax-deferred savings account

Residents may contribute to Mercyhealth’s 403(b) matched savings plan.

Parking

Parking is free in the Mercyhealth Hospital and Trauma Center physician lot and at our family medicine clinic.

Moonlighting

Ample in-house opportunities are available and encouraged for licensed physicians.

Stay Healthy benefit

MercyCare Health Plans (MCHP) offers the Stay Healthy benefit program to its members who are 18 and older. This program reimburses members up to $200 per person or $400 per family for qualified expenses for participating in a fitness and/or wellness program. Examples of qualified expenses include adult physical fitness, wellness and lifestyle programs such as smoking cessation or weight loss and health club memberships, and discounted memberships at local gyms.

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