DO's in Healthcare Admin

[kspremed123]

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Hey all,

I've recently been accepted to a few different schools (allo and osteo) and I was hoping some of you may be able to provide some insight into a question that I have. One of the osteopathic schools which I am really interested in offers a DO/MBA dual-degree option. As a pre-med, I've found a real interest in healthcare administration and I believe that I would like to be involved in the field at some point in my career as a physician.

My question to you is: Do you think that this degree option would be able to provide me with any employment advantages down the road? Second, as a potential DO, do you think I would be limiting myself in terms of administrative positions? I was hoping to get some feedback on experiences you all have had with similar career opportunities or experiences. Thanks!

 

[bajastapler]

My question to you is: Do you think that this degree option would be able to provide me with any employment advantages down the road? Second, as a potential DO, do you think I would be limiting myself in terms of administrative positions? I was hoping to get some feedback on experiences you all have had with similar career opportunities or experiences. Thanks!

1) Possibly, but not enough to warrant the additional cost.
2) Nope. If your serious about getting into "chief of medicine" type positions in my limited experience I've found that most of these people have some form of military experience.

tl;dr: Want to be a CEO hooking up wid some mad bussinessh0ez? go military.

 

[Mad Jack]

1) Possibly, but not enough to warrant the additional cost.
2) Nope. If your serious about getting into "chief of medicine" type positions in my limited experience I've found that most of these people have some form of military experience.

tl;dr: Want to be a CEO hooking up wid some mad bussinessh0ez? go military.

I've known a few chiefs or higher ups in my day, and not a single one was former military. That's just a ridiculous thing to say lol.

As to the OP, you are better off getting the DO then doing an executive MBA afterward if needed, as you will likely lose many of your MBA skills before the end of residency (believe it or not, an MBA is not just a piece of paper, there are a lot of very real skills that a good MBA program teaches you). Another thing to factor in is that the name on your MBA matters- if you go DO and then get an MBA from Harvard after your residency, it'll carry you much farther than an MBA from MSU that you haven't used in 7-9 years.

 

[bajastapler]

I've known a few chiefs or higher ups in my day, and not a single one was former military. That's just a ridiculous thing to say lol.

just lyke diz ent1r3 thread is ridculous

 

[kspremed123]

just lyke diz ent1r3 thread is ridculous

So if anybody wants to provide some additional information that is actually relevant, I would really appreciate it. Just trying to get some insights from those who have been in the field first hand.

 

[bajastapler]

So if anybody wants to provide some additional information that is actually relevant, I would really appreciate it. Just trying to get some insights from those who have been in the field first hand.

okay here's my honest input. If you want to go into something, whether it be a specialty or heath admin, google some people that you aspire to become. For example: find 10 health admins that are DOs. Find out their CVs. Find the commonalities between them. You should probably have these on your future CV as well.

TBH though: I still stand by my "CEO = mad businessh0ez" comment.

 

[DrEnderW]

You should try to find someone that knows more about this than sdn med students. My understanding of the MBA degree is that it's relatively useless if it's not from a top program. Obviously, all DO and the vast majority of MD schools granting an MBA degree wouldn't fall into that category. Unlike med school, the name on your degree and connections made are very important.

 

[ChrisGriffen]

Depending on where you look, having a dual MBA/DO or MD degree will earn you 100k more per year. Even as a starting salary.

It is 100% worth it

I wish I knew that when I was still applying.

 

[MLT2MT2DO]

Depending on where you look, having a dual MBA/DO or MD degree will earn you 100k more per year. Even as a starting salary.

It is 100% worth it

I wish I knew that when I was still applying.

I've heard depending on where you want to work a Master's in Anthropology can net you 200k more per year.

This is a fun game...

 

[ChrisGriffen]

I've heard depending on where you want to work a Master's in Anthropology can net you 200k more per year.

This is a fun game...

"One way to calculate the return on investment of the degree is to look at income. The average starting salary for the MD/MBA survey respondents was $292,500, compared to $192,196 for a medical specialist without an MBA during the same time period"

http://www.columbia.edu/~gd2243/docs/mba.pdf

Very fun game

 

[MLT2MT2DO]

"One way to calculate the return on investment of the degree is to look at income. The average starting salary for the MD/MBA survey respondents was $292,500, compared to $192,196 for a medical specialist without an MBA during the same time period"

http://www.columbia.edu/~gd2243/docs/mba.pdf

Very fun game

It would actually be interesting to see the poster he has, this PDF is fairly useless propaganda, otherwise.

 

[ChrisGriffen]

It would actually be interesting to see the poster he has, this PDF is fairly useless propaganda, otherwise.

http://thefranklinsociety.wordpress.com/2010/04/09/the-mdmba-dual-degree-then-what/

Is this still a fun game?

 

[MLT2MT2DO]

http://thefranklinsociety.wordpress.com/2010/04/09/the-mdmba-dual-degree-then-what/

Is this still a fun game?

Answer: As long as you continue to post links that have ads promoting "hot moms with big boobs" this will continue to be a fun game.

Seriously though thanks for posting the poster. There are tons of variables I think that are unaccounted for:
First off the percentage of people with a business mind that have an md/mba vs just the general MD population is heavily against the MD only population.
Second 67% of these people received there MBA after they had already practiced and if you look at the age statistics there's a good chunk of physicians that are either midway or near the end of their career versus the general population.

I have no idea where you're at in school Chris but I imagine at some point you could stop wishing for an MBA and actually persue one. They normally even allow people with professional degrees to fast track.

To the OP the advice I've gathered/heard, because this was an interest of mine when I started, is if you are 100% set on administration do it. Otherwise a business minded Physician will figure out a way to make money and run an efficient practice regardless of the MBA or not.

TLDR: if you have even minimal doubt, get through medical school and figure out what you want. You can always go back to school.

 

[MLT2MT2DO]

Edit:stupid phone

 

[Major]

What about a dual degree in HCA/ DO?

(Health care administration)

 

[ChrisGriffen]

Answer: As long as you continue to post links that have ads promoting "hot moms with big boobs" this will continue to be a fun game.
.

Thats called spyware bro. Ad companies target their ads towards what kind of sites you view the most. Looks like you need to stop watching so much porn.


Tl;dr

Just admit you are wrong

 

[MLT2MT2DO]

Thats called spyware bro. Ad companies target their ads towards what kind of sites you view the most. Looks like you need to stop watching so much porn.


Tl;dr

Just admit you are wrong

Funny it's on my phone. Never looked at anything like that.

Tldr: you're a peach, but everyone here already knows that

 

[Poliscidoc]

I got my MBA in a healthcare field before medical school started and was making six figures after I got my MBA. I then went to medical school and keep in contact with a lot of people at my old job and also a lot of classmates that I got my MBA with. I didn't go to a top rated MBA program but like mentioned before (networking is key) I networked and was able to land a pretty awesome job for an early 20 something kid fresh out of an MBA.

With that being my old employer would hire MD/MBA and DO/MBA all the time to be a major/voting partner in larger groups and also agencies would head hunt this same type of person for bigger executive jobs in healthcare.

My mentor is an MD/MBA and is the CEO of medium size hospital group on the east coast, he made around $75,000-$125,000 more while he was working his way up to CEO. Now he makes roughly 4x what he made as a doctor...

With all that being said- get an MBA after residency/med school, that way you can probably land a sweet executive program that will already get your foot in the door in terms of networking.

 

[MedicineMan99]

It's harder than it sounds.

To be in healthcare admin, you have the best chance if you are an experienced board certified physician (DO or MD- it doesn't matter). Sure an MBA looks good, but it's more important to have executive/business experience. A newly minted MBA can't manage their way out of a paper bag.

A person who spent the years you spent earning your fancy MBA by actually starting a company or getting business experience- they have the true advantage.

 

[DocEspana]

Let me also point out that if you happen to enjoy emergency medicine and you are good enough to get in.... Healthcare administration is a fellowship off of emergency medicine. Not an ABEM sponsored one, so anyone can apply but since these fellowships usually (AFAIK) only emergency medicine residents/graduates over almost any other field, it is the next closest thing. I know of at least three programs in NYC alone offering this fellowship (Staten Island Univ Hospital, North Shore LIJ system, NYC Health & Hospital Corporation). Basically you graduate from one of these residencies you end up as an administrator because... hell... you were fellowship trained in it.

 

[dinnydindin]

1) having an MBA is only going to boost your credentials and make you a better applicant for residency, theres really no downside to it except you might have to do a couple of hours of extra work per week. Plus if you genuinely like business then youll enjoy it
2) No, being a DO isnt going to limit your administrative potential

judging by your username, im gonna guess youre talking about the DO/MBA program KCUMB has with Rockhurst University? I know that Rockhurst's MBA program is a very good program (many friends have graduated with MBA's and gotten good positions at many companies) so the degree does carry its weight. It costs about $35K which is pretty good deal considering most other private MBA programs cost $40K+. I have talked to KCUMB grads who did the program and from their testimonials it seems that the MBA really helped with residency application

 

[Lawgiver]

Answer: As long as you continue to post links that have ads promoting "hot moms with big boobs" this will continue to be a fun game.

Seriously though thanks for posting the poster. There are tons of variables I think that are unaccounted for:
First off the percentage of people with a business mind that have an md/mba vs just the general MD population is heavily against the MD only population.
Second 67% of these people received there MBA after they had already practiced and if you look at the age statistics there's a good chunk of physicians that are either midway or near the end of their career versus the general population.

I have no idea where you're at in school Chris but I imagine at some point you could stop wishing for an MBA and actually persue one. They normally even allow people with professional degrees to fast track.

To the OP the advice I've gathered/heard, because this was an interest of mine when I started, is if you are 100% set on administration do it. Otherwise a business minded Physician will figure out a way to make money and run an efficient practice regardless of the MBA or not.

TLDR: if you have even minimal doubt, get through medical school and figure out what you want. You can always go back to school.

Those ads are customized, u porn addict lol.

 

[Stagg737]

@kspremed123, if you're talking about the Rockhurst Program feel free to PM me, I just started the dual-program last week and can try and get you some info.

To answer what others have said, DO won't hurt you in terms of landing an administrative position, but it may be harder to land certain specialties depending on what you're looking at. Doing a DO/MB or MD/MB is another thing to add to your CV though and will likely help you land a few extra interviews. Multiple 4th years at my school have said that the interviewer brought up their MBA at almost every single interview, especially since the program is solid, even if it isn't top 10.