Is it just a joke or is it true that doctors make bad business people

Discussion in 'Med Business [ MD/MBA, DO/MBA, DDS/MBA ]' started by JoyKim456, Sep 19, 2014.

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  1. JoyKim456

    JoyKim456

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  3. DoctorKrieger

    DoctorKrieger Exit Van Left 2+ Year Member

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    As a sweeping generality, yes. Most have studied science their entire lives and couldn't even tell you what a pro-forma statement or amortization schedule are. Of course there are plenty of exceptions.
     
  4. cognitus

    cognitus 2+ Year Member

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    I think it's true that many doctors know very little besides medicine, including business
     
  5. Follow the Cairns

    Follow the Cairns 2+ Year Member

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    My husband is an Orthopaedic Surgeon and his Undergrad is a BBA. He even worked 2-3 years before going to Med school and will probably get an MBA soon. Every single day, he is discussing RVUs, checking his P&L's, financial dashboards, and trying to figure out ways to market himself and the Dept.

    Physicians are very smart people. It doesn't take that long to understand (though not gain expertise) these issues. If you are in private practice, you are in business for yourself. If you do not understand how your business works, you are at a serious disadvantage.
     

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