Assessing the cost of a cardiology residency program with a cost construction model☆☆☆★
AbstractBackground Although the total costs of graduate medical education are difficult to quantify, this information is of great importance in planning over the next decade. Methods and Results A cost construction model was used to quantify the costs of teaching faculty, cardiology fellows’ salaries and benefits, overhead (physical plant, equipment, and support staff), and other costs associated with the cardiology residency program at the University of Texas-Houston during the 1996 to 1997 academic year. Surveys of cardiology faculty and fellows, checked by the program director, were conducted to determine the time spent in teaching activities; access to institutional and departmental financial records was obtained to quantify associated costs. The model was then developed and examined for a range of assumptions concerning cardiology fellows’ productivity, replacement costs, and the cost allocation of activities jointly producing clinical care and education. The instructional cos Read more...
Publication date: 1999/09/01