Salaries/Benefits
Salary
- PGY-1 now $59,000. $8,000 signing bonus, $2000 CME and $2000 moving expenses.
- PGY-2 now $61,000 and $2,000 CME.
- PGY-3 now $63,000 and $2,000 CME.
Benefits
- License Fees: Limited license fees in the Commonwealth of Virginia reimbursed ($55 initial/$35 renewal). Permanent Commonwealth of Virginia license fees ($302) and drug license fees ($888) reimbursed for Second and Third Year Residents. Renewal of Commonwealth of Virginia permanent license fee reimbursed if renewal required during residency.
- Step 3 Fee reimbursed for initial examination (USMLE $910 or COMLEX $925)
- ABFM Board Exam fee ($1300) reimbursed (no late fees reimbursed)
- ACOFP Board Exam fee ($500) reimbursed (no late fees reimbursed)
- Annual Paid Leave: 21 days per year and may be used to cover vacation, holidays, illness and certain other absences. Additional CME days are granted as well: 3 days for PGY-2 Residents and 5 days for PGY-3 Residents, Continuing Medical Education.
- Health & Dental Insurance: No cost to employee and families.
- Life Insurance: Two times basic annual salary rounded to nearest $1,000. Subject to a maximum of $500,000 at no cost to employee.
- Malpractice Insurance: Liability Coverage while participating in Valley Health Systemís graduate medical education program.
- Disability Insurance: Available immediately at no cost for employee only.
- Child Care Center: Provided on a space available basis at employee cost (varies: dependent upon age of child).
- Employee Discounts: Residents are eligible for a 25% discount on Medical Services after insurance payments have been deducted from their account.
- Worker’s Compensation: Resident covered against job-related accidents and illness.
- Vaccines: Hepatitis B vaccine provided; Rubella/Rubeola if needed, Diphtheria Toxoid as needed; TB skin test required annually; Influenza vaccine, as needed. As a hospital employee, a pre-employment physical, including drug screen, is required to be completed prior to first day of employment.
- Uniforms: Two lab coats.
- Section 125 Program: Dependent Care and Unreimbursed medical accounts may be set up on a pre-tax basis at resident orientation and yearly thereafter.
- Tax-Sheltered Annuities: Voluntary tax-sheltered annuity for employees through VALIC and Lincoln National. For the first 4% of employee contributions, Valley Health System will match 50% to a maximum of 2% of "base pay."Five-year vesting rules apply to funds matched by Valley Health System.
- Family Medical Leave (includes maternity/paternity leave)
- Military Leave: Available in accordance with applicable federal statutes.
- Misc. & Other Expenses: AAFP (and AOA if applicable) – resident membership dues paid annually.
- Free parking at all sites
- Meals when on call
- Free membership in the Valley Health Fitness Center on the Winchester campus. More details: www.vhwellfit.com
- Incentive Program (additional monthly stipend) for PGY-2 or -3 residents planning to stay and practice in the Valley Health area.
- Abundant practice options in the area after graduation