Part-time Clinician / Part-time Business-type -- Realistic?

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rstonk

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Hey guys,

There's lots of talk about people wanting to use the M.D./M.B.A. to become part-time clinicians and part-time consultants, administrators, educators and so on. My question is, is such a career feasible? If so, how difficult would it be to realize this career?

Thanks,
rstonk
 
Of course the career is feasible. There are programs that are specifically created to get an M.D./M.B.A or M.P.H. or M.H.A. I went to Washington University Medical School for it's health administration program and there were two students in there that were also getting their M.D. at the same time. My program was two years. They had the 2 years of business classes distributed during their 4 years of medical school. The program didn't seem difficult for these 2 students at all. Of course they were extremely efficient and geniouses, and very well respected by all.

I also know the CMO of a children's hospital that got his M.D. first, then practiced medicine. Later on in life, he got his MBA and now is the Chief Medical officer primarily using business skills but totally understands the medicine side. I did the masters in business first, worked 8 years, and now going to medical school in the fall. In the future I will have the flexibility to pick jobs that are more business focused or more clinical focused.

In my opinion, it would be wise for all physicians to get a basic concept of business because running a clinic means having to deal with employees, salaries, contracts, information systems, facility decisions, business planning, supply management, insurance, licensing, etc. Even if the clinic is large enough to have a business manager, the physician owner still gets a vote and hopefully will be an informed participant of his/her own business.
 
Its common, trust me.
 
I sure hope it's possible since I'm doing it EVERYDAY 🙂
 
I sure hope it's possible since I'm doing it EVERYDAY 🙂

If you don't mind me asking, how is it working out for you? Also, how difficult was your path to get to where you are?
 
If you don't mind me asking, how is it working out for you? Also, how difficult was your path to get to where you are?

Honestly, life could not have worked out better. I think I would be bored doing either just clinical or just executive work. Doing both adds variety as they are completely different. I am also beginning to look at doing hospital administration type work.
I am relatively young, 35, but just as advice, work your ass off while you are young so you can build credibility and experience. If in 10 years I decide I hate insurance work, I can do just hospital admin work, or vice versa. If I decide I hate clinical work in 10 years, I can easily find insurance or admin work as I worked my ass off to get experience in both. It's tougher as you age to work long hours so get your experience in now. Oh it also helps to have an understanding wife :laugh:
Here's some inspiration: I paid off $120k student loan in 10 MONTHS 👍
 
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