Graduate Medical Education (GME) Salaries & Benefits

Applies to the Shenandoah Valley Family Practice Residency and the Valley Health Internal Medicine Residency.

Resident Salaries and CME Allowance

  • PGY-1: $62,000 + $8,000 relocation bonus + $2,000 moving expenses + $2,000 for continuing medical education (CME)
  • PGY-2: $64,000 + $2,000 CME
  • PGY-3: $66,000 + $2,000 CME

Paid Leave

  • Annual leave: 21 paid days per year for vacation, holidays, illness, or personal time
  • CME leave:
    • PGY-1: 2 additional days
    • PGY-2: 3 additional days
    • PGY-3: 5 additional days

Insurance and Coverage

  • Health and dental insurance: Provided at no cost for you and your family
  • Life insurance: Two times your annual salary, rounded to the nearest $1,000 (up to $500,000), at no cost
  • Malpractice insurance: Provided while you are in the residency program
  • Disability insurance: Available at no cost to you
  • Workers’ compensation: Coverage for job-related injuries or illness

Licensing and Exam Fee Reimbursement

  • Virginia license fees:
    • Limited license: $55 initial / $35 renewal
    • Permanent license: $302 reimbursed for PGY-2 and PGY-3
    • Drug license: $888 reimbursed for PGY-2 and PGY-3
    • Renewal of permanent license reimbursed if required during residency
  • Exam fees:
    • USMLE Step 3: $910 reimbursed
    • COMLEX Step 3: $925 reimbursed
    • ABFM board exam: $1,300 reimbursed (late fees not covered)
    • ACOFP board exam: $500 reimbursed (late fees not covered)

Additional Benefits

  • Childcare: Available on a space-limited basis at employee cost, variable rate based on age of child. Click here to learn more.
  • Employee discount: 25% off medical services after insurance
  • Vaccinations:
    • Hepatitis B
    • Rubella/Rubeola (if needed)
    • Diphtheria Toxoid (if needed)
    • Influenza vaccine (as needed)
  • Pre-employment physical: Required, including drug screening
  • Uniforms: Two lab coats provided
  • Parking: Free at all sites
  • Meals: Annual meal stipend provided
  • Fitness center: Free membership at Valley Health Wellness & Fitness Center in Winchester

Financial and Retirement Benefits

  • Section 125 plan: Set up pre-tax accounts for dependent care and unreimbursed medical expenses
  • Tax-sheltered annuities:
    • Available through VALIC and Lincoln National
    • Valley Health matches 50% of your first 4% contribution (up to 2% of base pay)
    • Five-year vesting rules apply to funds matched by Valley Health System

Leave and Memberships

  • Family and medical leave: Includes maternity and paternity leave
  • Military leave: Available per federal guidelines
  • Professional memberships:
    • AAFP dues paid annually
    • AOA dues paid if applicable

Incentives and Career Opportunities

  • Incentive stipend: Additional monthly stipend for PGY-2 and PGY-3 residents who plan to stay and practice in the Valley Health service area
  • Post-residency options: Wide range of practice opportunities available in the region