Exploring Career Benefits at Cooper University Health Care
Cooper University Health Care stands as a leading academic health system in South Jersey, offering a wide spectrum of medical services, including primary, specialty, tertiary, and urgent care. With a rich history spanning more than 135 years, Cooper has demonstrated a commitment to providing expert, compassionate care to the residents of the region. This article delves into the comprehensive benefits offered to Cooper's team members, particularly residents and fellows, highlighting the institution's dedication to competitive compensation and employee well-being.
Cooper University Health Care: An Overview
Cooper University Health Care is South Jersey’s premier academic health system, providing access to a complete health system with primary, specialty, tertiary, and urgent care services. Cooper has more than 11,000 team members, including more than 1,600 nurses, 1,000 physicians, and 550 advanced practice providers practicing in more than 75 specialties. Cooper University Health Care serves more than two million patients annually. Its flagship hospital, Cooper University Hospital in Camden, NJ, has 663-beds and is the only Level 1 Trauma Center in South Jersey and the busiest in the region. Additionally, Cooper University Hospital Cape Regional, located in Cape May Court House, NJ, has 229-beds. Cooper has a long history in the City of Camden and is playing a leading role in its revitalization. The Cooper Health Sciences campus in Camden is home to Cooper University Hospital, MD Anderson Cancer Center at Cooper, Children’s Regional Hospital at Cooper, a large ambulatory care center, and Cooper Medical School of Rowan University, where its physicians serve as faculty.
Cooper is consistently recognized for its quality, safety, and exceptional patient care. News & World Report recognizes Cooper as one of the top health care providers in the Philadelphia Metro area and the leading health system in the region. Forbes has also recognized Cooper as one of America’s Best Employers.
Commitment to Competitive Compensation
Cooper University Health Care is dedicated to offering competitive compensation to its team members, including residents and fellows. To ensure this, the institution conducts an annual compensation review, comparing its offerings against those of regional academic peers at the end of each calendar year. Adjustments resulting from this review are typically implemented by the end of the first quarter of the following year. The updated GME salaries maintain Cooper’s compensation at each PGY level at the 50th percentile in this peer group.
Additional Benefits for House Staff
Beyond competitive salaries, Cooper provides a range of additional benefits designed to support the professional and personal lives of its house staff. These benefits include:
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- Educational Reimbursement: Residents and fellows are eligible for up to $1500 annually to support their continuing education and professional development.
- USMLE/COMLEX Step 3 Reimbursement: Cooper reimburses the cost of USMLE/COMLEX Step 3, valued at $925, assisting residents and fellows in completing their medical licensure requirements.
- Mobile Phone Reimbursement: Recognizing the importance of communication in today's healthcare environment, Cooper offers a mobile phone reimbursement of up to $480 annually.
- Free Hospital Parking: A significant perk for those working at the hospital, free parking is provided, valued at $350 annually.
- Discounted Gym Memberships: Cooper encourages a healthy lifestyle by offering discounted gym memberships at the Kroc Center.
- Retirement Plan Inclusion: Cooper provides several options for retirement savings, including a basic contribution and a matching contribution.
Retirement Plan Details
Cooper offers a comprehensive 403b retirement plan with two key components:
- Basic Contribution: Trainees who work at least 1,000 hours during the year and are still employed on December 31 receive a contribution from Cooper equal to 1% of their base pay (subject to IRS limits). This contribution is made to their defined contribution retirement plan account after the end of each year.
- Matching Contribution (New): Cooper matches 50% of the first 5% of base pay that trainees contribute to their 403(b) plan (subject to IRS limits). This incentivizes residents and fellows to save for retirement and provides a substantial boost to their retirement savings.
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