How Well Do We Match Medical Student’s with Residencies?
Amy Ho at Forbes writes:
This year, 5.6% of US allopathic (MD) seniors did not match, and 22.3% of U.S. osteopathic (DO) seniors did not match. On the whole, 25.0% of applicants in the NRMP Match did not match — with a 25% unemployment rate, how successful is the Match, really?
This system is highly wasteful. It incurs massive costs for hospitals and students through the interview process, precludes contract negotiations that could optimize value for both parties and results in depressed wages for young physicians. Additionally, it incurs significant opportunity cost in trading interviews for educational senior year curricula, causes undue duress for applicants and their families and contributes to decreased quality of care in physicians unsatisfied with results of the Match.
Full piece worth reading.
“The Match was established in 1952 when available resident positions vastly exceeded the number of graduating medical students”
I feel like that right there is reason enough to stop using it.
Yeah…things are a little different since the 50s.
Oh, you know. Nothing that major. Civil Rights movement, the internet, massively larger numbers of people graduating from college.
Right. So nothing that important.
oh just civil rights!
Anything with a 25% unemployment rate should be scrapped.
Not to mention the $302 million wasted annually. That’s nuts.
Supposedly each Med student is also losing $35,000 in salary because they can’t negotiate on their first year.
This is what happens when you take away people’s options.
Almost impossible for an international doctor to match. If you have an MD friend from overseas who wants to practice in the US, make sure they understand how hard it is for international students to get into residency. The cost of applying is much higher too.
But the great news for international MDs is that there are tons of nonprofit research opportunities that will pay them nothing. Working for nothing while your boss cruises in a new BMW. That is not the American dream. The system needs to be changed.
But is it not about helping people?
Not today’s doctors. They just want money
“In mid-September they apply to all residency programs that interest them, sometimes over a hundred programs, submitting a fee for each.”
Oh good. Applying to get denied!
What’s medschool without a little debt?
Try a lot of debt