Salaries for Academic Year 2023-2024
Salaries are paid every two weeks (26 pay periods per year). There is no state income tax withheld in Nevada, increasing the take-home pay.
- PGY-1 – $53,134
- PGY-2 – $55,105
- PGY-3 – $57,167
The Valley Health System offers a comprehensive benefits package for residents, including medical, dental, vision and other benefits. Coverages are also offered for family members at an additional cost.
Paid leave for the USMLE/COMLEX III examination with prior approval by the Program Director.
USMLE/COMLEX III fees are covered one time. A USMLE/COMLEX failure requiring a retake shall be the financial responsibility of the house staff. Osteopathic residents who wish to take both the USMLE III and COMLEX III will only be reimbursed for the more costly exam. Fees associated with rescheduling or cancellations are the responsibility of the Resident.
The educational stipend is not to exceed $750 for PGY-2. For PGY-3, the stipend will not exceed $1,000 per year. Stipend is to be used for program-relevant educational materials such as textbooks, or board review courses or materials. The GME office has authority to approve or decline reimbursement of expenses. Interns do not receive the stipend. They will, however, receive USMLE III/COMLEX III reimbursement.
For residents who require conference attendance, a one-time conference stipend of up to $1,000 during the residency program will be paid. Conference attendance will be defined and approved at the discretion of the Program Director.
Residents will receive the following benefits, subject to the same conditions applicable to hospital exempt employees and the terms and conditions of the hospital’s current benefit plans and policies. Unless otherwise specified, all benefits will be effective on the 31st day of employment. The benefits listed below may be unilaterally modified by the System at the discretion of the System Administration.
The System will provide comprehensive health insurance to the resident and their family through the UHS Flexible Benefits Program applicable to hospital employees (including choice of a PPO or HMO plan). Coverage shall begin on the 31st day of employment.
The System offers a dental plan, including some orthodontic coverage, for a reasonable premium price.
The System offers coverage which includes annual vision examination, glasses and contacts for reasonable premium, co-payments, and deductibles.
Short-Term Disability Insurance
Short-term disability is offered at house staff cost with a seven-day elimination period. Two options are currently available: 12-week plan that covers the 90-day period of disability and 25-week plan that covers the 180-day period of disability.
Long-Term Disability Insurance
Residents are eligible for Long-Term Disability when they become seriously ill or otherwise disabled (Non-occupational). Residents may choose between a 90 day and a 180 day waiting period for benefit payments, with premium costs dependent on the selection.
The System will provide coverage in the amount of 1x annual salary at no cost. Residents may opt for additional amounts up to 7x annual salary with a maximum of $500,000. Dependent life insurance is also available at group rates.
The System will provide Workers' Compensation Insurance to residents at no cost, beginning the first day of employment.
Residents are allowed 20 paid time off (PTO) days total per year at 100 percent paid stipend. PTO is defined as time off for vacation, holidays, illness, and personal and professional days. PTO is not cumulative from year to year and requires the Program Director’s and/or DIO’s approval before use.
Unused PTO will not be paid out at the end of the academic year. When it is anticipated that an extended leave is necessary for medical/personal reasons, residents may use remaining PTO time and the Extended Leave Bank (ELB) upon the Program Director’s and/or the DIO’s approval. Residents will accrue ELB consistent with hospital policies and plans. No more than 20 business days per contract year of leave may be granted for any purpose without extending the program.
Other medical or personal unpaid leave may be granted with the approval of the Program Director and DIO, consistent with the Accreditation Council for Graduate Medical Education’s regulations, as applicable, only after the resident has exhausted all of his or her PTO benefits. Makeup time and/or repeat of training will be determined by the Program Director, DIO and approved by GME Administration.
Professional Liability Insurance
The System agrees to provide professional liability insurance coverage for the resident for the duration of his/her training. Such coverage will provide legal defense and protection against awards from claims reported or filed during or after the completion of the Program, if, and only if, the alleged acts or omissions of the resident are within the scope of the Program. The coverage provided will be consistent with the System’s professional liability coverage provided to other residents. An extended reporting period, i.e., tail coverage, will be provided by Hospital as needed.
Meals are provided while on duty at a health system hospital through the cafeteria for up to $15/person. The hospital reserves the right to specify dollar limits. There is a resident lounge that is stocked with food and beverages.
Two personalized lab coats are provided. All Internal Medicine male and female residents are expected to wear professional attire under the lab coat (males – shirt and tie; females – dress, skirt or pants).
Licensing, Registration, Professional Fees
The following are covered: Fees for Nevada special training medical licensing and associations as applicable for training.
Pagers will be provided to all house staff by the Program.
UHS Stock Purchase Plan
Residents are eligible to purchase Universal Health Services stock at a 10% discount of the current market price through payroll deductions from the 31st day of employment pursuant to VHS and UHS policies as amended.
Residents are eligible to participate in a 401K tax deferred investment plan for retirement from the 31st day of employment pursuant to VHS and UHS policies as amended.
Flexible Spending Account
Residents are eligible to contribute to a pre-tax Health Care (or Day Care) flexible spending account after 30 days of employment pursuant to VHS and UHS policies as amended.
Medical expense discounts will be given for both inpatient and outpatient medical services at Valley Health System Hospitals as defined by System policies and as amended.