Although there is debate about the importance of a strong foundation in psychotherapy for psychiatrists, the literature provides ample evidence of the positive impact on patient care outcomes when psychiatrists are competent to provide this important form of treatment. Despite financial pressures and increases in managed care posing a threat to the maintenance of psychotherapy as a core skillset for psychiatrists, psychotherapy training should not only be maintained within psychiatry residency training but should in fact be given a renewed focus and priority within training programs.