Author: Joel Schofer, MD, MBA, CPE

FY21 O6 Staff Corps Promotion Opportunities Released

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The FY21 O6 Staff Corps promotion board started today, so they released the convening order. On page 2 you can find the promotion opportunities, which are:

  • Medical Corps – 91% (the highest it has been since FY13, which is as far back as my data goes; it was 90% in FY19)
  • Dental Corps – 90%
  • Medical Service Corps – 50%
  • Nurse Corps – 50%

If you need to review promotion board math, go here.

NCC Hematology/Oncology Fellowship Program Director Search

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The National Capital Consortium (NCC) is looking for a Heme/Onc Fellowship Director. Applicants need to be eligible to PCS to the DC area in June of 2020. Packages should include CV, Bio, Letter of Intent and PERS concurrence on the PCS move and need to be submitted to me CDR Melissa Austin (contact in the global) NLT COB on 14 Feb 2020.

Finance Friday Articles

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Here are my favorite articles this week:

7 Ways For Physicians to Make an Extra $1000 a Month

Does Schwab’s growth threaten Vanguard’s domination?

How To Tell If Your Investment Plan Is Reasonable

 

Here are the rest of this week’s articles:

10 Financial Tips for New Attending Physicians

A Resident Physician on FIRE: How One Doctor Grows His Net Worth in Residency

A Tale of Two Retirements: FIRE and Traditional

AUM versus Flat-Fee: A Financial Advisor’s Perspective

Deleveraging Your Life

Do You Define Wealth With Your Feelings or a Number?

Five Financial Freedoms

For The Best Mortgage Rate, Refinance Before These Three Life Events

Go Ahead and Pay – Bonds and Retirement Accounts

My 6 Biggest Fears About Buying My First Rental Property

Owning a Home is Not For Everyone

Paying Yourself First – 6 Ways to Automate Your Financial Life

Preparing For Lower Returns

Questions From Physician Real Estate Investors

Rethinking Emergency Funds

Should You Manage Your Own Rental Properties?

Side Gigs for Pre-Med and Medical Students

Strategies for Young Investors

Warren Buffet’s Wager Against Hedge Funds Revisited

What the 2020s Will Look Like For the Markets

Throwback Thursday Classic Post – Getting Retirement Credit for HPSP in the Reserves

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In the recently released Winter Medical Corps Newsletter, I noticed this paragraph in the “Readiness in the Reserves” article:

Shipmates,

I have just returned from PERS-9 (Reserves), reviewing important administrative processes. Here is the gouge…

HPSP Credit: Jeanitta Edwards verifies that the member was a HPSP participant and that the member is in a critical wartime skill (defined by DOD each year). Once she verifies this information, she sends it to another individual to load in the points for the year as credit towards retirement. The instruction requires a full year of service to receive credit for 1 year and caps the credit at 4 years. Unfortunately, because many medical schools start in July and graduate in May, the 4th year does not qualify. Some may have earned other points that year which can carry over for credit towards a good year. The 15 gratuity points are allocated on a pro rata basis so you will only get half those points for a half a year of participation. We will post the guiding documents to the Medical Corps Homepage. Please note that the actual HPSP policy is currently being rewritten.

A reader asked, “What are the official critical wartime specialties?”

Here is the portion of the document that lists them:

So what do those mysterious codes mean? They are defined in the Promo Prep, but since I’m such a nice guy here is the translation. The CWS include:

  • General Surgery (15C)
  • Neurosurgery (15D)
  • Orthopedics (15H)
  • Radiology (16Y)
  • Anesthesia (15B)
  • Internal Medicine Subspecialties (16R1)
  • Emergency Medicine (16P)
  • Flight Surgery (15A)
  • OB/GYN (15E)
  • GMO (15F)
  • Family Medicine (16Q)
  • General Internal Medicine (16R)
  • UMO (16U)
  • Psychiatry (16X)

Update just prior to publication – My wife (a Reservist) was sent this chart in the Health Professions Officer Special and Incentive Pay Plan, and the specialties under “USNR” match the list above:

If you are in one of these specialties, you can get retirement credit for your time in HPSP (or at least 3 years of the 4). In addition to the info above, here is what else I could find about this program:

Policy Guidance on Reserve Service Credit for Participation in DoD Health Professions Scholarship and Financial Assistance Program

Army Policy – Guidance on Reserve Service Credit for Participation in DOD HPSP and FAP

Recruiting and Retention Incentives for Reserve Component Health Professions Officers

149th Medical Corps Birthday Ball – 7 MAR in Coronado, CA

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The Medical Corps Ball will be held on the evening of 7 MAR 2020 on North Island in Coronado, CA in celebration of our 149th birthday. The details and registration info are available here:

www.MCBall2020.com

Please disseminate this as widely as possible to all MC officers. We’re looking for an excellent turnout!

Also note that although uniforms are strongly encouraged, formal civilian attire is permissible as an alternative to dress uniforms for ALL Ranks ALL Services at this event.

We Need HPSP Interviewers – LCDR(s) or Above

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Navy Recruiting Command is in search of Health Profession Scholarship Program (HPSP) Interviewers to conduct Officer Appraisal Interviews. If you are a LCDR(s) or above Medical Corps Officer in good standing and willing to do these interviews, please email the Medical Corps HPSP Recruiting Manager, ENS Thealia Thompson, at thealia.a.thompson2 < at > navy.mil. Please include your geographic location and command as well.

Often, the interviewers are the only Navy physicians that these candidates interact with during the entire recruitment process, so they can have an outsized impact in terms of getting candidates excited about Navy Medicine (and help us accurately assess a candidate’s potential for successful Naval service).

January Message from the Assistant Secretary of Defense for Health Affairs

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MHS Team:

Happy New Year! I hope you had a restful holiday season and are back in the
swing of things. I fully expect that – like 2019 – 2020 will be a jam-packed
year for the MHS.

That starts, of course, with making progress on the reform efforts that
formed so much of our work in 2019. First is the consolidation of management
of Military Treatment Facilities. The Defense Health Agency is working with
all other elements of the system to stand up its headquarters and the market
construct that we will use to administer the MTFs under DHA. And we got an
assist from Congress, which as part of the National Defense Authorization
Act passed in December, included provisions that allow us the flexibility we
need to shift key civilian personnel in MTF management from the military
departments to DHA. We expect the first Transfer of Function-related
personnel moves to start in early February.

Second is the reexamination of our facilities footprint, a review directed
in Sec. 703 of the FY17 NDAA that asks the Department to assess MTFs to
determine if there are opportunities to resize any facilities that do not
offer a platform for maximizing ready medical capabilities. We expect that
our report outlining these plans will go to Congress within the next few
weeks, and we are prioritizing clear communications with key audiences –
especially patients and staff – to help all understand any changes and their
impact.

Third is our work to support the Military Departments’ implementation
efforts tied to their proposed repurposing of military medical billets.
Planning to implement these reductions while ensuring we meet our
obligations to patients and operational forces continued through 2019. In
that NDAA passed in December, Congress established new requirements that the
Military Departments and the Department of Defense must fulfill before
implementing these reductions, and Health Affairs, DHA and the Services are
working together to comply with this direction from Congress.

Congress included other important provisions in the NDAA with implications
for the MHS. You have probably already heard about the provision that
authorizes a new process for service members who want to file medical
malpractice claims. Health Affairs will work with the Military Departments
and DHA to develop the rules and procedures for such a process.

Related to our focus on readiness, at last month’s annual AMSUS conference I
announced that the Joint Staff Surgeon and Health Affairs had been tasked to
develop a Strategic Framework for Operational Medicine. This framework,
being developed with the Surgeons General, DHA, and the Uniformed Services
University, will provide a common goal for synchronizing DHA’s role in
health delivery with the Military Departments’ readiness and training
requirements. The goal is to better integrate the tremendous work happening
across the MHS to build and sustain the skills we need to support
operational requirements. This work gets to the heart of our system’s reason
for being and will be a focus throughout the year.

One constant in Health Affairs the last four years has been Dr. Terry
Adirim. Terry has helped the MHS navigate a host of challenging clinical,
policy, and organizational issues. For me personally, on every important
issue we’ve dealt with, she has provided invaluable counsel and support.
Terry is leaving us to take a position at the Florida Atlantic University
College of Medicine. FAU is immensely fortunate to have a physician of
Terry’s experience, skill, and dedication helping to shape the next
generation of medical professionals. The MHS’s loss is FAU’s gain. Please
join me in thanking Terry for her many contributions to our military medical
enterprise.

Tom