Medical boards don't train residents at all. And board certification isn't even required to practice medicine; it's entirely optional. You're complaining about the wrong problem.
Residents are trained in teaching hospitals, most of which are non-profit. So VC/PE/HF funding isn't applicable. The federal government provides the majority of funding for residency slots and there is a hard cap.
Teaching hospitals certainly could fund more resident slots themselves but they generally choose to spend their money on other priorities like new MRI machines or free care for indigent patients or shiny new buildings named for major donors. Hospital budgeting decisions are made by business executives and BoD members just like any enterprise; they aren't controlled by the AMA or medical boards.
Training residents isn't as profitable as you think; there are huge overhead expenses for supervision, insurance, equipment, and support staff. But if you don't believe me then feel free to get VC funding, found a new for-profit teaching hospital, obtain AGCME accreditation, and hire a thousand residents. I expect you'll find the economics don't work but maybe you'll disrupt the industry and make a fortune?
Residents are trained in teaching hospitals, most of which are non-profit. So VC/PE/HF funding isn't applicable. The federal government provides the majority of funding for residency slots and there is a hard cap.
Teaching hospitals certainly could fund more resident slots themselves but they generally choose to spend their money on other priorities like new MRI machines or free care for indigent patients or shiny new buildings named for major donors. Hospital budgeting decisions are made by business executives and BoD members just like any enterprise; they aren't controlled by the AMA or medical boards.
Training residents isn't as profitable as you think; there are huge overhead expenses for supervision, insurance, equipment, and support staff. But if you don't believe me then feel free to get VC funding, found a new for-profit teaching hospital, obtain AGCME accreditation, and hire a thousand residents. I expect you'll find the economics don't work but maybe you'll disrupt the industry and make a fortune?