Complete Study Plan For October 2018 FPGEE

Tips on Residencies and Fellowships
from AMCP Members to Upcoming Graduates
Why Consider A Residency?

• AMCP maintains a list of managed care pharmacy residencies and tips at www.amcp.org/Residencies.
• A Managed Care Pharmacy Residency will help you become proficient in managed care pharmacy and can
help you obtain the position you want.
Choosing A Residency
• Accredited Residencies vs. Non-Accredited – Accredited programs have to meet rigorous standards for train-
ing activities and outcomes, goals and objectives. Does that mean non-accredited programs are bad? No, but
sometimes it can be more difficult for applicants to determine the quality and the learning objectives of a
non-accredited program. Be sure to ask questions and, if possible, talk to current/past residents when evalu-
ating a program.
• Learn more about specific managed care pharmacy residencies at www.amcp.org/residencies and your
school information sessions.
Applying For A Residency

“As part of completing a
fellowship program, I was • Most ASHP-accredited residencies use PhORCAS (Pharmacy Online Res-
idency Centralized Application), a web-based tool that brings residency
able to gain valuable insight
application material together in one location. PhORCAS decreases the
into the health care industry overall administrative burden that comes with paper applications. Access
through my involvement in information about PhORCAS and an informational video at www.ashp.
a variety of diverse project org/phorcas. Only managed care pharmacy residencies that are ASHP-ac-
types. With many of my credited use PhORCAS or participate in the Match. Be sure to check the
projects traversing multiple AMCP website for application information on these programs.
therapeutic areas, it allowed
What If I Don’t Match?
me to build upon my clinical
foundation and keep abreast • When the results are initially released, there will be a list of unfilled po-
of emerging therapies. sitions. There is a “cooling off period” before you and/or programs can
contact those that haven’t matched. Know when this period opens.
Participating in a fellowship
• Consider a non-accredited residency if they are still accepting applications.
allows both professional and
personal growth in a learning • Have a back-up plan in case you don’t find a residency. Some options may
be a position in a pharmacy and applying for a residency program the
environment.” following year or continuing on with your education.
- Jasmine Knight, PharmD, MS, • Stay connected with individuals you networked with throughout the
Xcenda year; it’s possible they may know someone or an opportunity that may
2013 Graduate help you out.
University of Southern California
AMCP | 675 N Washington Street, Suite 220, Alexandria, VA 22314 | www.amcp.org | 703-684-2600
Why Consider A Followship?

“Completing a managed
• A Managed Care or Pharmaceutical Fellowship will help you become pro-
care residency has been a
ficient in managed care, medical affairs, or other fields and can help you
obtain the position you want. tremendously rewarding
• A fellowship provides in-depth training in line with the goals of a specific decision in my career.
department within a managed care organization, health outcomes organi- Residency, along with AMCP
zation or pharmaceutical company. In contrast to a fellowship, a managed involvement has allowed
care residency or clinical residency provides additional experience that
tends to have greater focus on patient care, clinical training and aspects of me the opportunity to
care management. develop a variety of skills and
• AMCP maintains a list of managed care fellowships and general pharmaceu- professional network that
tical fellowships and tips at www.amcp.org/fellowships/. otherwise would have taken
years to establish. AMCP
Choosing A Fellowship offers students the ability to
• Ask questions and, if possible, talk to current/past fellows when evaluating build a strong foundation, in
a program. combination with a residency,
• Learn more about specific fellowships from web searches and your pharmacy can be a catalyst to a career in
school information sessions.
managed care pharmacy!”
www.amcp.org/fellowships
www.accp.com/resandfel/search.aspx - Vimal Reddy, PharmD
http://www.ashp.org/menu/CareerPharm/PPS-Candidates CVS Health,
2014 Graduate
Applying For A Fellowship
The Ohio State University
• Access information on fellowships via IPHO, individual pharmaceutical com-
pany or a health care organization website. IPHO lists all pharmaceutical
fellowships, as well as the brochures and the program contact information. They also list pharmaceutical
fellowships before and after midyear that are not advertised anywhere else.
• Registration for PPS (Personnel Placement Service) is separate from the ASHP Mid-year conference registra-
tion and you need to register for the clinical part of ASHP Mid-year as well to interview on-site.
• Set up a LinkedIn profile and PPS profile before the ASHP meeting. There are interviews that can usually be
requested via PPS in October and November and these interviews occur during the ASHP Mid-year meeting
in December.
• Be sure to check the AMCP website for application information on these programs.
Filling Out The Application

• Good organization skills will help make your application process smooth and manageable. Plan ahead and
decide how many programs you want to apply to and how many interview invitations will provide you with
sufficient options from which to choose from when making a decision. This number will differ from applicant
to applicant based on your criteria. Outline each residency or fellowship program’s application requirements
and include all deadline dates.
• Recommendation letters are important. Carefully consider who you ask to write one – make sure they will
give you a strong recommendation. Be sure to give them plenty of time so they don’t feel rushed. If they will
need to mail the letter, give them an addressed stamped envelope. Be sure to include letters of recommen-
dation deadlines in your outline of key dates.
• Most programs require a personal statement or essay from the candidate describing short- and long-term
career goals, training and background, interest in residency or fellowship training, interest in managed care
pharmacy as well as why the particular program was chosen. Give yourself plenty of time to synthesize a mas-
ter personal statement that covers these basic questions. Once you have this master document, you should
edit it to suit each program’s application.
Interview Tips
• Prepare for the Interview! Check with your career center for sample interview questions and prepare ways
you would answer the questions. Practice with your friends or professors and check with your school career
center to see how they can help with interviews.
• Many managed care residency programs require that you give a short presentation before the selection com-
mittee. Find out ahead of time if this is required, and if you can choose your own topic. You can re-use a pre-
sentation that you prepared for school, but make sure the information in the presentation is still current and
addresses an area of interest for the residency program. Topics dealing with a managed care pharmacy issue
are generally preferred.
• You should receive an itinerary ahead of time. Use this to learn the names of those you will be meeting with
and orient yourself to the process. Print out a copy and bring it with you to refer to during breaks – don’t
rely on your smart phone! You may have reception issues and it looks unprofessional to refer to your phone
during an interview.
• Dress the part and be on time – remember first impressions count!
• The program’s current resident(s) or fellow(s) will likely be your host at the interview. Ask the resident questions
about the city, the work environment, what they have done so far. Make sure to be prepared with questions.
• Many times a meal will be included with your interview – keep in mind this is still part of your interview and
you are being evaluated.
• Turn your cell phone OFF and put it away during interviews.
What If I Am Not Selected For A Fellowship?

• Have a plan. Take a pharmacy position, apply for a managed care residency program and consider re-apply-
ing the next year.
• Stay connected with individuals you networked with throughout the year; they may know someone who can
assist you in securing a fellowship or the next position in your career.

Complete Study Plan For October 2018 FPGEE

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Complete Study Plan For October 2018 FPGEE

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Tips on Residencies and Fellowships

from AMCP Members to Upcoming Graduates

Why Consider A Residency?

Applying For A Residency

Why Consider A Followship?

Filling Out The Application

What If I Am Not Selected For A Fellowship?

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