NJ boosts medical education funds to combat physician shortage: 5 observations

New Jersey is increasing the budget for future physician training in hopes of curbing the physician shortage, according to New Jersey 101.5.

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Here are five observations:

1. However, about 70 percent of the physicians who receive medical education in New Jersey leave to practice in other states.

2. Still, New Jersey plans to spend $188 million in state and federal funds for graduate medical education in 42 teaching hospitals in 2017.

3. Thirty-eight of those hospitals will receive more funding than they received the previous year.

4. The state funds 898 first-year residency slots, compared to Pennsylvania’s 2,064 slots and New York’s 3,873 slots.

5. State hospitals are emphasizing peer mentoring and research opportunities to retain residents.

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