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Funding for residency

kurite

Full Member
5+ Year Member
Dec 23, 2013
140
6
111
  1. Pre-Medical
Hello,
I am currently a PGY1 (I would have been starting my dermatology residency in July) however the spot is privately funded. Unfortunately, given the COVID pandemic the funding for the spot has dried up and I likely won't be able to start in July. Does anybody have any thoughts/ideas on how to get my (as well as my co-residents) spots?
Thank you
 

avidrapper

PGY2
10+ Year Member
Aug 28, 2010
27
51
256
  1. Medical Student
This is ridiculous.

Is this a US based residency? PE backed? Pulling funding from an entire residency class is a huge deal.

Only options I can think of is talking to a rural hospital to fund you and in exchange you promise to work there for 5 years after residency.
 

kurite

Full Member
5+ Year Member
Dec 23, 2013
140
6
111
  1. Pre-Medical
This is ridiculous.

Is this a US based residency? PE backed? Pulling funding from an entire residency class is a huge deal.

Only options I can think of is talking to a rural hospital to fund you and in exchange you promise to work there for 5 years after residency.
Yes it is US based. I’m not sure what PE backed means?

Thank you for your insight. I know this was all very unexpected.
 
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avidrapper

PGY2
10+ Year Member
Aug 28, 2010
27
51
256
  1. Medical Student
Yes it is US based. I’m not sure what PE backed means?

Thank you for your insight. I know this was all very unexpected.

Was this a program at an academic institution or at a set of private clinics? I'm assuming that it was a set of clinics owned by a private equity firm since pulling funding from a residency class isn't something I've seen any academic programs do.
 
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OraclePL

Full Member
2+ Year Member
Jun 20, 2019
53
79
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  1. Attending Physician
Never heard of privately funded derm residency spots, except private equity groups like Advanced Derm. I'd also be really curious to know more about this program. Hard to answer the question without knowing more.
 
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