RI Ranked One of the Worst States for Doctors in U.S.

Tuesday, March 28, 2017
GoLocalProv News Team

Rhode Island is one of the worst states in the country for doctors. 

According to a recent study completed by WalletHub, Rhode Island is ranked as the 5th worst state in the country for doctors, ranking 47th out of 51. 

“Not only did the average medical-school graduate leave campus with more than $189,000 of debt in 2016, but the medical profession has also been undergoing intense transformation in recent years. Health-care reform, the rise of branded hospital networks and the retirement of Baby Boomers are all complicating the lives of doctors and warranting pause from potential whitecoats,” said WalletHub. 

Rhode Island ranks 43rd for opportunity and competition and 49th for medical environment. 

Rhode Island Ranks: 

  • 48th– Avg. Annual Wage of Physicians (Adjusted for Cost of Living)
  • 30th– Avg. Monthly Starting Salary of Physicians (Adjusted for Cost of Living)
  • 38th– Hospitals per Capita
  • 18th– Projected % of Population Aged 65 & Older by 2030
  • 47th – Projected Number of Physicians per Capita by 2024
  • 47th– Malpractice Award Payout Amount per Capita
  • 50th – Current Competition (Number of Physicians per Capita)

 

The Rankings 

Rhode Island ranks behind Connecticut and Massachusetts at 45th and 46th respectively. Rhode Island ranks ahead of Maryland and New Jersey who rank 48th and 49th respectively. 

Iowa ranks as the best state for doctors while New York is ranked as the worst state for doctors. 

See the full rankings in the map below

Source: WalletHub

The Method 

In order to identify the best states for doctors, WalletHub’s analysts compared the 50 states and the District of Columbia across two key dimensions, namely “Opportunity & Competition” and “Medical Environment.”

They evaluated those dimensions using 14 relevant metrics. Each metric was graded on a 100-point scale, with a score of 100 representing the most favorable conditions for practicing doctors.

WalletHub then calculated the overall score for each state and the District based on its weighted average across all metrics and used the resulting scores to construct our final ranking.

Opportunity & Competition – Total Points: 70

  • Physicians’ Average Annual Wage: Double Weight (~12.72 Points)
  • Physicians’ Average Monthly Starting Salary: Full Weight (~6.36 Points)
  • Hospitals per Capita: Full Weight (~6.36 Points)
  • Insured Population Rate: Full Weight (~6.36 Points)
  • Primary-Care Provider Shortage: Full Weight (~6.36 Points)
  • Projected Share of Elderly Population: Full Weight (~6.36 Points)
  • Current Competition: Full Weight (~6.36 Points)
  • Projected Competition: Full Weight (~6.36 Points)
  • Number of CME Credits Required: Full Weight (~6.36 Points)
  • Presence of Interstate Medical Licensure Compact Law: Full Weight (~6.36 Points)

 

Medical Environment – Total Points: 30

  • Quality of Public Hospital System: Full Weight (~7.50 Points)
  • Punitiveness of State Medical Board: Full Weight (~7.50 Points)
  • Malpractice Award Payout Amount per Capita: Full Weight (~7.50 Points)
  • Annual Malpractice Liability Insurance Rate: Full Weight (~7.50 Points)
  • Inside Man

    Russell Carey - A name few outside of Brown’s campus know, but Carey is the power source at the Providence Ivy League institution. 

    Today, his title is Executive Vice President and he has had almost every title at Brown short of President. Carey is a 1991 graduate of Brown and has never left College Hill.

    While Brown’s President Christine Paxson — who is functionally invisible in Rhode Island — is managing alumni affairs and fundraising, Carey is influencing almost everything in Rhode Island.

     
  • Top Raimondo Appointment

    Nicole Alexander-Scott - MD, MPH, and rock star in the making. As Director of the Rhode Island Department of Health, she is fast developing a reputation as someone in the Raimondo Administration who can get things done. Her counsel and leadership on developing a strategy on opioid addiction has been widely been lauded.

    In addition, she has handled the mundane - from beach closings to food recalls - with competency. An expert in infectious disease, it may be time for her to become a strong leader on Zika.

     
  • The CEO

    Ronald Machtley - Bryant University's President rightfully deserves to be on a lot of lists, but what few understand is that Machtley’s influence extends far beyond Bryant’s campus in Smithfield. Machtley could make this list as a business leader or as a political force as much as for education.

    Machtley is recognized for transforming Bryant University from a financially struggling regional college to a university with a national reputation for business.

    Machtley serves on Amica’s Board and the Rhode Island Foundation, and also serves on the Board of Fantex Brands.

     
  • Power Broker

    Larry Purtill - While Bob Walsh gets the face time as the Executive Director in the media for the NEA of Rhode Island, NEARI President Purtill tends to be the inside man who gets things done.

    The teachers' largest union is formidable, but is still reeling from the beat down it took when Gina Raimondo’s pension reform cut the benefits of teachers disproportionately over other employee groups. 

    Make no mistake about it - not much happens in education in Rhode Island without Purtill's sign-off.

     
  • Visionary

    Mim Runey - While Rhode Islanders wait, and wait some more, for development on the 195 land, Johnson and Wale's University's Runey is watching it come to fruition, as JWU is set to open the first completed building on the former Interstate on September 1, when it will host a ribbon cutting for its John J. Bowen Center for Science and Innovation. 

    Under Runey, JWU continues to establish its foothold as one of the country's top schools for culinary training. Now Runey will oversee the addition of the new building on the old 195 which will house the university's School of Engineering and Design and its biology program. 

    In 2015, students from the School of Engineering & Design participated in the construction of the Holocaust Memorial on South Main Street, a collaboration between the Jewish Alliance of Greater Rhode Island and the Holocaust Education Resource Center of Rhode Island.

    A true community partner in every sense, JWU under Runey's watchful eye is expanding to an even greater presence in Providence. 

     
  • Chairman of the Board

    Edwin J. Santos - The former banker is Chairman of the Board of CharterCare, after having been a top executive at Citizens Bank. He has been a board leader for Crossroads, Washington Trust, Rocky Hill School -- you name it and Santos has helped to lead it.

    His best work to date just might be at CharterCare, where he has helped the once fledgling hospital (Roger Williams Medical Center) into a growing hospital system.

     
  • Lion Tamer

    Weber Shill - He serves as the Chief Executive Officer of University Orthopedics, or in other words, dozens and dozens of oh-so-confident docs.

    Shill has a background in Engineering and a Masters in Business Administration from the Whitemore School at the University of New Hampshire. Experienced in managing medical groups, but this group is big and influential.

     
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