Salary, Benefits & Contracts

Salary

Programs differ in number of years required for completion. However, the annual compensation is the same for each program in each residency year.

Salaries for 2017/2018:

  • 1st-year residents: $55,910.40
  • 2nd-year residents: $57,595.20
  • 3rd-year residents: $59,321.60
  • 4th-year residents: $61,089.60

Housing

You can choose from the hospital-owned Delta Apartments for a lower, subsidized cost—if available—or opt to receive a monthly housing allowance.

Perks

  • Salary advance up to $2,600
  • Educational fund: to $3,000 for first year residents; to $4,500 for advanced residents
  • Loan reimbursements for resident graduates joining Reading Health Physician Network
  • Three meals a day in the hospital cafeteria
  • On-site child development center
  • On-site fitness center
  • Free parking
  • Stipend for attendance at national meetings
  • Free uniforms and laundry service
  • Opportunities to attend practice management, medical/legal and procedure seminars
  • Option to join credit union and tax-deferred annuity program
  • In-training examination fees
  • Salary differential if called for jury duty
  • Annual licensure renewal fee
  • Annual fee to the Catastrophic Loss Fund
  • Dues to professional organizations

Vacation and Leave Time

  • First year residents: two weeks of vacation
  • Advanced residents: three weeks of vacation
  • 12 days of sick leave each year; can accumulate to 36 days
  • 1-week vacation during Christmas or New Year's week

Insurances

  • Liability insurance
  • Malpractice insurance
  • Life insurance equal to your annual stipend
  • Long-term disability insurance following 180 days
  • Social security
  • Workers compensation

Manual and Contract

View the official resident manuals and contract. The manual offers program details, information on pertinent Pennsylvania laws, and descriptions of departments that work with the residency programs. The sample contract is the same as those signed by all Hospital residents.