Hi,
I was wondering if psych residents are taught therapy techniques to use with patients? What I really want to know is if it's feasible for a psychiatrist to also act in the capacity of a therapist???
Yes, they are. The reasons why you don't see many psychiatrists in primarily therapy-based practice are mostly structural in nature.
In the time that it takes you to see one psychotherapy patient you can see 3-4 medcheck patients, and insurance will reimburse you more for the latter.
If you were to work for an organization like Kaiser, they would pay you to do medchecks. They would not be as enthusiastic about paying you to do therapy, because they can pay a social worker to do that (and pay him or her less than you). You
could propose to your employer that they pay you a social worker's salary to do therapy, and they might accept -- but I have never seen this in practice.
Thus if you want to do therapy, then to make it worth your while you will need to have a cash-only practice, and typically the only people who can afford this are relatively wealthy patients.
What many early-stage psychiatrists end up doing is working part-time at a salaried job (e.g. county mental health system -- doing med checks) to get benefits, and part-time private practice (doing therapy, running a Suboxone mill, running a Ritalin mill, etc). And then when your private practice gets large enough, they quit working for the county and go full-time private.