FUNDING FELLOWSHIP PROGRAMS

One of the most important aspects of a fellowship program is determining how it will be funded and how to make it a sustainable program. The OMFC recommends having a 5-year sustainability plan that includes a detailed expense and revenue budget.

There are a number of ways to fund fellowship programs. Early in the process, you should:

  • Reach out to your institution’s graduate medical education office early in the planning process. You may be able to connect with other fellowships at your institution and learn how they funded their programs.
  • Connect with your institution’s development office. This office can be vital in connecting you with potential funders and helping with applications for funding.

Obesity Medicine Fellowship Program Development Grant

The Obesity Medicine Fellowship Council (OMFC) has been awarded grant funding to help expand fellowship opportunities. The OMFC will select qualified programs to receive seed funding to aid in establishing new obesity medicine fellowship programs. The application deadlines are March 1 and July 1, 2020.  Click here to access the funding application. Click here for frequently asked questions regarding this funding.

Other Possible Funding Sources:

1. Clinical revenue

Depending on the volume of patients, some portion or all of the fellowship budget can be supported by reimbursement arrangements for clinical services. Reach out to OMFC members to discuss how obesity medicine fellows at other institutions generate clinical revenue to help support their positions.

2. Institutional support

The academic departments, residency programs, or clinical units in your institution may contribute some degree of support. Fellowships may receive “in kind” help from experienced Program Coordinators and other administrators who work with other GME programs. Fellowships also often share facilities and equipment with residencies and departments.

3. Private sector support

Philanthropic donors, both large and small, can greatly benefit fellowship programs. Businesses in your area that have an interest in healthcare, your institution, or obesity treatment specifically may also be interested in supporting your program.

4. Government grants

Because Obesity Medicine is not a recognized subspecialty, direct federal funding is not currently available; however, research and training grants may be helpful to some programs as an indirect source of support if obesity-related grant activities complement scholarly activities in the fellowship (e.g., a grant-funded faculty member mentoring a fellow in obesity research).