Business Degree Increasingly Useful for Doctors

Share this content:
Business Degree Increasingly Useful for Doctors
Business Degree Increasingly Useful for Doctors

THURSDAY, Sept. 27, 2018 (HealthDay News) -- Having a Master of Business Administration degree (M.B.A.) can help doctors with important, practice-related decisions, according to a report published recently in Physician Practice.

With the move to value-based care and increased scrutiny of health care costs, experts say a business approach to medicine is increasingly required. More medical schools are responding to this need by offering dual-degree M.D./M.B.A. programs. The number of such programs has grown from six in 1993 to more than 65 now.

Having an M.B.A., can increase physicians' comfort in using spreadsheets and developing the financial analysis needed to make practice-related investment decisions, like buying or renting new equipment, real estate decisions, and practice acquisition strategy.

"Health care is a business, and until you understand the language of business, it's hard to do business in health care," says Rich Joseph, M.D., M.B.A., a resident at Boston's Brigham and Women's Hospital, adding that there is still a gap in medical education's ability to keep up the demands of health care delivery today.

Abstract/Full Text

Share this content:

is free, fast, and customized just for you!




Already a member?

Sign In Now »

Drug Lookup

Browse drugs by: BrandGenericDisease

More in Home

Wait Times Have Improved in VA Health Care System

Wait Times Have Improved in VA Health Care ...

Wait times similar to private sector in 2014 but shorter overall and in some specialties in 2017

Medication Treatment for Substance Abuse Up in Facilities

Medication Treatment for Substance Abuse Up in Facilities

2007 to 2016 saw increase in use of medication treatment, reaching 36.1 percent in 2016

Mindfulness, Stress Linked to Menopausal Symptoms

Mindfulness, Stress Linked to Menopausal Symptoms

Link between mindfulness and symptoms more robust in women experiencing higher stress

is free, fast, and customized just for you!




Already a member?

Sign In Now »