Stipends and Benefits

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Stipends and Benefits

The General Surgery Residency Program at Iowa Methodist Medical Center offers a competitive salary and a comprehensive benefits package, including such perks as free meals and free covered parking.

Explore what we have to offer. Stipends and benefits described below are for the 2018-2019 academic year. If you have any questions about our benefits, please contact us.

Stipend

The annual stipends for the respective levels are as follows:

R1 - $59,765
R2 - $60,871
R3 - $62,531
R4 - $64,737
R5 - $67,501

Transition Allowance

$750 relocation allowance is given to all incoming residents.

Insurance/Liability Coverage

Insurance

Comprehensive Medical Insurance is available. An annual health insurance bonus that partially funds the cost of a single-coverage health and dental insurance premium is given to each resident. In addition, residents and their families, if covered by the hospital's health insurance, are eligible to have post-insurance payments balances on medical bills paid through a fully funded medical spending account, if the medical expenses were incurred with the IMMC, MWH, ILH or Blank Children's Hospital. This does not include UPH Clinics or the Iowa Clinics or physician bills.
Dental and Vision Insurance are also available.

 Life Insurance
The program provides group life insurance equal to the resident's annual stipend at no charge to the resident.

Resident Liability Coverage
General and professional liability coverage is provided for residents enrolled in the residency program through a combination of commercial insurance and self-insured retention. Coverages are not less than $1,000,000 per occurrence and $5,000,000 aggregate per policy year.

Short and Long-Term Disability Coverage
Short and long-term disability coverage is provided to residents effective on their first day of employment. Short-term disability coverage (STD) is used when the resident is away from work for at least seven (7) days due to a non-work related illness or injury.  STD pays 60% of weekly earnings for a maximum of 26 weeks with no waiting period. Long-term disability insurance coverage is provided to residents effective on the date of employment. This ensures that residents will receive a minimum of 70% of their monthly salary if they are disabled due to illness or accident, on or off the job, following a 90-day qualifying period.

Travel Insurance
All residents receive travel insurance coverage while traveling on medical center business.

Paid Vacation

All residents receive three weeks of paid vacation per year and one week of educational leave.

Education

Additional Education Funds
Residents are allocated $700 per year, or $3500 total over the period of 5 years that can be used to purchase textbooks, educational or approved medical meetings.

Textbooks
We provide all incoming residents with the following textbooks:

  • Basic Surgical Texts
  • MD Anderson Surgical Oncology Handbook
  • Marino ICU Book
  • Fiser ABSITE Review Manual
  • ATLS Instructor

Online Curriculums

FSC (ASC Fundamentals of Surgery Curriculum)
SCORE (Surgical Council on Residency Education)

Training & Certifications
BCLS, ACLS, ATLS, FLS and FES
ATOM and ASSET Courses

Library Services

Library services are provided free to residents and include literature searches, inter-library loans and photocopying. Residents have 24-hour access to the library where computers and wireless internet access are available for research. The collection includes some 6,100 books, 280 journals and electronic journals. Databases include UpToDate, Access Medicine, Natural Standard, MdConsult, PubMed and other resources.

Extra Benefits and Perks

Free Parking
All residents may park in a reserved covered area of the hospital parking facility at no charge.

Meal Stipend
A fixed monthly allowance is provided to residents for meals in the medical center cafeteria.

Paid Licensure
Fees for all licenses required by the residency program are paid by the program.

Lab Coats
Two Free lab coats are provided to all first year residents.

Fitness Center on Premises

Day Care Services on Premises

Employee Assistance Center 

ACS Resident Society Membership Benefit

IMS Membership