Monday, 13 October 2014

How are Business CoursesTransforming The Lives Of M.Ds ?

You are a successful doctor. You are delighted by your profession as a healer and you have helped millions of people by treating them and by prescribing the best medicines. Yet you feel that the infrastructure of your medical unit or hospital or wherever you are employed needs special attention.
Areas such as primary care need special attention. One needs to understand the business of healthcare, from team management to budgeting and accounting.
Having a Diploma can help you earn more money. It can help you stay employed. It is an indication to your employer that you're willing to do extra work to succeed.
Why are business courses essential even if you have an M.D?

Maria Chandler, the president of the Association of M.D./M.B.A. Programs and herself a recipient of both degrees, mentioned that the degree combination “fast tracks” graduates who aspire to reach the zenith of their career. The current nominee for surgeon general, Vivek Murthy, who is thirty six year old, holds both degrees, has successfully established multiple organizations.
Those with dual degrees have a particular edge when it comes to hospital administration, a field that has traditionally employed M.B.A.s as leaders and M.D.s as middle managers.
According to a New York Times analysis in May, the average annual salary for a hospital administrator is $237,000, compared with an average of $185,000 for a clinical physician. A 2011 study found that hospitals with physician CEOs outperformed those with non-medical leadership.
Vinod Nambudiri, a fifth-year internal medicine and dermatology resident at BWH and a graduate of Harvard’s joint M.D./M.B.A. program stated that “Just like you wouldn’t want a school superintendent to never have taught, you don’t want the person leading your hospital to never have taken care of a patient.”
The number of joint M.D./M.B.A. programs in America has grown from six to 65 in 20 years. (From 2011 and 2012 alone, the number increased by 25 percent.) More than half of M.D./M.B.A. programs started after the year 2000, and most offer a cost-effective course of a five-years duration.
The M.D./M.B.A. may also be attracting more high-performing students to the specialty of primary care. Business-minded types often search for problems that need solving, and primary care gives them plenty of opportunity for that.
Gellis started the grassroots network Primary Care Progress. In primary care, doctors may be able to work a combination of clinical hours and entrepreneurial work hours.
The benefits run both ways: Chandler says that earning an M.D. may help make business-minded people more careful and compassionate. Businesses who hire M.D./M.B.A.s tell her that these graduates are “ethical businessmen” who use the medical creed to influence their actions in the business world.
Fast Track your Business Degree

Getting yourself enrolled in business diploma courses is one very flexible way of fulfilling your desire of getting a BA/MBA Degree. It gives the student an opportunity to save time and money and move straight to their final year of their Bachelors or Masters in Business. Plus opting for them through online study is enormously beneficial for professionals in the medical profession since time is a big concern for them.
An online diploma programme provides them the necessary flexibility and independence that allows them to juggle their professional responsibilities or their MD degree along with their online study.
the mode of study is quite easy, all course material, lectures, discussions, explanations and references will be provided online.
You will find completing both your M.D and your business course to be less cumbersome. These courses that are approved by renowned awarding bodies are the single best option for study. This is because then finding employment in any medical unit will not be a great challenge.
The Diploma in Business Studies aims to provide students with the ability to develop lines of argument and make sound judgments in accordance with basic theories and concepts of the subject area and the ability to communicate these accurately to a range of peers.
A range of personal and professional skills that can be used in a wide range of situations and contexts is acquired by an aspiring student. Support and guidance to develop as independent learners is achieved and you acquire a range of transferrable skills.
You will discover how challenging it is to be an administrator of any hospital. It will give you a clearer perspective of the lives of human beings.

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