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Roadmap to Residency: - AAMC

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<strong>Roadmap</strong> <strong>to</strong> <strong>Residency</strong>: FromApplication <strong>to</strong> the Match and BeyondG. SchoolsIncoming residents with school-agedchildren also may use the time betweenMatch Day and the beginning ofresidency training <strong>to</strong> investigate educationalopportunities for their children inthe new location. <strong>Residency</strong> programstaff who have children of their own arefrequently good sources of informationabout the quality of individual schoolsand school districts in the region.Identifying an appropriate school districtand school can strongly influence thechoice of preferred housing location fora resident and his or her family. Finally,the fact that residency training programsusually begin on July 1 permits sufficienttime for the enrollment of children inschool and the provision of thedocumentation (e.g., immunizationrecords, records from schools previouslyattended) required <strong>to</strong> begin school in thefall term.H. Hospital credentialing andmedical licensureThe residency program direc<strong>to</strong>r andmembers of his or her staff usuallyprovide incoming residents with informationabout what will be required ofthem with respect <strong>to</strong> hospital credentialingand medical licensure, includingapplication materials for any requiredtraining license. It is important <strong>to</strong> reviewthis information promptly after it arrivesand <strong>to</strong> be familiar with hospital and statemedical board policies. It is imperativethat all materials requested by theresidency training program be completedand submitted promptly; failure <strong>to</strong> do somay result in a delay in beginningresidency training.Incoming residents should be aware thatsome hospitals and some states requireresidents <strong>to</strong> undergo a criminalbackground check prior <strong>to</strong> beginningresidency training. Additional informationabout this and other requirementsfor residency training can be obtainedfrom the program direc<strong>to</strong>r.I. Orientation and programstart datesThe majority of residency trainingprograms begin annually on or aboutJuly 1. Most include an orientationperiod at the beginning of the program,although the length and content oforientation programs vary from institution<strong>to</strong> institution. Since orientationprograms may begin in mid- <strong>to</strong> late-Junerather than on or after July 1, incomingresidents should check with residencyprogram staff regarding expectationsabout program orientation and startdates.J. BudgetingSince the first paycheck for a newresident may not arrive until August 1 orthereafter, beginning first-year residentsare strongly encouraged <strong>to</strong> set asidemoney, if possible, from fourth-yearmedical school financial aid disbursementsor monetary graduation gifts inorder <strong>to</strong> ease the financial transition inthe months between medical schoolgraduation and receipt of the firstresidency paycheck. Ensuring thatstudent loans are either in grace or indeferment, if applicable, or in forbearancealso results in peace of mind for thenew resident.Some programs provide incomingresidents with the opportunity <strong>to</strong> requestan advance on their contract stipend (up<strong>to</strong> a specified maximum amount) <strong>to</strong>assist with the financial transition frommedical school <strong>to</strong> residency training,with their subsequent bi-weekly ormonthly paychecks adjusted accordinglyover the next several months of theirPGY-1 year <strong>to</strong> repay the advance. Iffinancial circumstances make this anappealing option, check with theprogram direc<strong>to</strong>r following Match Day<strong>to</strong> determine whether this or a similarprogram may be available.Some residents have also reported thatthe services of an independent financialplanner are beneficial at this time intheir lives. In addition, minimal use ofcredit cards and continuing <strong>to</strong> live wellwithin their means have served manyresidents well at this crucial time.26Association of American Medical Colleges, 2005

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