Physicians for Underserved Areas Act

This bill amends Medicare's residency slot redistribution rules when hospitals close. It changes the criteria hospitals must meet to qualify for redistributed residency positions, requiring them to demonstrate a likelihood of both starting to use the positions within 2 years and filling them within 5 years. The change applies only to hospitals closing on or after the bill's enactment date. It does not create new physician programs or funding, but modifies how existing Medicare residency slots are allocated to better target underserved areas.