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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