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Residency training program

A period of medical education and training that new doctors undergo after medical school, typically focusing on a specific medical specialty and involving supervised patient care.

Full-time-equivalent (FTE) resident

A way to count medical residents for funding purposes, where the combined time of part-time residents can equal one full-time resident.

Rural training location

A site in a non-urban area where medical residents receive a portion of their hands-on training as part of their residency program.

Medicare Direct Graduate Medical Education (GME) costs

Payments made by Medicare to hospitals to help cover the direct expenses associated with training physicians in approved medical residency programs.

Cost reporting period

A specific timeframe, typically a year, during which a hospital records and reports its financial costs to Medicare for reimbursement purposes.

Consumer Price Index (CPI)

A measure that tracks the average change over time in the prices paid by urban consumers for a variety of goods and services, used here to adjust payment amounts for inflation.

Resident cap