Compensation and Benefits

Facts & figures

Compensation

CMHS provides a competitive salary and benefits package to our residents. Effective July 2022, resident salaries are as follows:

  • PGY1 $62,400
  • PGY2 $65,520
  • PGY3 $68,796
  • PGY4 $72,736
  • PGY5 $75,848

Educational Allowance

Residents receive a competitive stipend for each academic year to put toward continuing medical education expenses, including but not limited to educational courses, books, subscriptions, learning modules, and educational software. Additional learning resources are available through the program.

Health Insurance

Residents are eligible to participate in the Community Memorial Health System benefit plans (medical, dental, vision, life and long-term disability). Coverage will begin on the first day of the resident contract.

Leave Time

Residents receive 20 days of paid leave each academic year.

License

Residents must apply for a California Training License prior to starting their residency. At the beginning of the PGY2 year, residents will be eligible for a full non-restricted physician and surgeons license and must also apply for a DEA license, the cost of both will be covered by the program.

Malpractice Insurance

Community Memorial Health System provides, at no cost to the residents, the required professional liability insurance while participating in the program. The professional liability insurance provided does not cover activities outside the program, such as moonlighting away from a CMHS facility.

Financial Counseling

Community Memorial Healthy System provides, at no cost to the residents, individualized financial counseling and financial planning services for graduating residents.

Board Certification Exam

The program covers the cost of the Board Certification Exam if the resident registers for the exam during the final year of their residency.

Additional Benefits

Please see the CMHS Benefits Handbook for information on additional benefits.

Student Loan Forgiveness Opportunities

Residents at our programs may be eligible for student loan forgiveness. Community Memorial Health System is a not-for-profit enterprise and our residency clinics are certified MediCal providers. Listed below are links to several loan forgiveness programs currently available to medical and surgical residents.

Federal Student Aid

OSHPD

Debt.org

Student Debt Relief

CalHealthCares