Graduate medical education financing in psychiatry.

Psychiatry residency training programs are being affected by changes in graduate medical education financing. Program budgets are increasingly being constricted. Training directors will need to be better informed about how programs are financed if they are to function effectively and to advocate successfully f or training funds. The authors illustrate the present mechanisms of graduate medical education financing with examples. The possible effect of the coming reform in health care financing on psychiatry residency training is examined.