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AAFP Residency Assessment Tool: Program Financial Stability and Stakeholder Impact

Program Financial Stability and Stakeholder Impact Assessment

Review the statements below and select the option that best reflects your residency program.
1. Faculty salary ranges are at competitive levels (50th-75th percentile) for practicing nonteaching family physicians for the region and are reviewed regularly for market competitiveness.
5: Exemplary4: Effective3: Adequate2: Needs improvement1: Ineffective
2. Compensation models incorporate practice productivity, efficiency, quality, and academic achievement elements.
5: Exemplary4: Effective3: Adequate2: Needs improvement1: Ineffective
3. FMP clinical operations are financially viable as judged by the residency and any parent health system that sponsors the FMP.
5: Exemplary4: Effective3: Adequate2: Needs improvement1: Ineffective
4. Our program’s residency academic operations are fiscally sustainable.
5: Exemplary4: Effective3: Adequate2: Needs improvement1: Ineffective
5. Our program has enough capacity to fund potential deficit operational periods (In most situations, this would be satisfied by the presence of an adequate operational reserve; an attestation from the parent institution may suffice). Reserves are considered adequate if they cover three to six months of operating expenses.
5: Exemplary4: Effective3: Adequate2: Needs improvement1: Ineffective
6. Our program conducts an annual analysis of its impact on stakeholders, including the direct, indirect, and intangible benefits of our program, and presents this analysis to stakeholders. The analysis includes direct finances, downstream revenue, physician recruitment and retention, organizational missions, production of new family physicians, and service to poor patients.
5: Exemplary4: Effective3: Adequate2: Needs improvement1: Ineffective
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