The University of Missouri-Kansas City Family Practice Residency program offers a MBA that's integrated into their 3-year program. The residency director and one resident, both who have completed the MBA program, gave their version of the...
Top 10 Things a Medical Resident and Student Should Learn from an MBA.
#1 Change Management
#2 Marketing
#3 Leadership
#4 Economics
#5 HIPAA/EHR/Technology
#6 Outsourcing & Offshoring
#7 Quality
#8 Balance Sheet
#9 Advocacy
#10 When you don't know why something is the way it is...Money is the answer.
The skills that they talked about directly related to the practice of Family Medicine. They made a strong argument for understanding these concepts, if not for getting an MBA. It was stressed that the residents who got an MBA didn't do so to go into finance or insurance or some other higher-paying job, but to be more effective in their current positions as administrators, patient advocates, and physicians.
Given some of the ties between BUSM and the BU School of Management, it might be interesting for FMIG to host a workshop/lecture on the "Business of Family Medicine."
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