Physician mba

[CajunGas]

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Academic attending here. Im near the beginning of my career and have been thinking of doing an online mba or mha. Anyone have experience or pursued this path? As far as opprtunities s/p degree...hospital admin vs amc admin vs staying in academics.... Any thoughts? Thank you

 

[HalO'Thane]

I personally have not pursued this but I have a few colleagues in my department at an academic children's hospital that have done so: one pursued an MBA and one an MHA. It seems to open a few doors in academics and I'm sure it helps to obtain leadership positions within the hospital and be on committees. I am sure it would have the same benefits for AMCs, especially because there is so much emphasis on QI and other process improvement initiatives now. It is a big time commitment, though, especially if you already have a full time clinical job and other obligations (e.g. family). You will likely be taking these courses at night and on weekends. One of my colleagues ended up stretching his MBA courses out to 4 years. I personally never saw enough upside to make this sort of sacrifice (and neither would my wife who would be taking the brunt of this sacrifice) but if you are interested in a long career in academics and have the motivation to do so then more power to you.

 

[kidthor]

In what sense does it open doors in academia or to get leadership positions from within? Do the gatekeepers care that said people a degree in business, or would it'd have been enough that they were simply present and interested in QI/QA/administration? Do AMCs promote people from within for management positions, or do they have their financiers calling the shots as board members? (this is how it appears from looking at the rosters of AMCs online)

 

[drmwvr]

I fail to see the relevance of an MBA over a MHA in this day and age for academic/ administrative physicians. There is almost a mythical seduction toward an MBA in general for physicians seeking to broaden their horizons, "should their practice/specialty go south". Not suggesting this is the reserve 'chute mentality here at all, just that I think the MBA isn't sufficiently relevant to the ugly realities of health care delivery today. Kind of like an EE designing an overpass.

 

[Consigliere]

A physician MBA is about as useful as the DNAP CRNAs will be forced to obtain in the future - completely worthless.

 

[lane]

A physician MBA is about as useful as the DNAP CRNAs will be forced to obtain in the future - completely worthless.

they're different degrees with different professional goals.

 

[Psai]

A physician MBA is about as useful as the DNAP CRNAs will be forced to obtain in the future - completely worthless.

There's a difference between a degree that you earn and one that's just added on to your letters smorgasbord

 

[urge]

Another degree I would strongly advise anyone against getting is an MBA, which has, regrettably, become a very fashionable degree. In our shop, if anyone applies for a job, an MBA is an active strike against them. They’d have to come up with a really good explanation for why they spent all that money and two years of extra time to get something that serves no useful purpose whatsoever.

It’s amazing, when you stop and think about it. The professors who teach MBA courses are not successful business people out making millions in the economy – they’re academics! Successful business people with proven track records wouldn’t work for their wages. These academics have no hands-on experience and are teaching theories, most of which are based on completely phony and fallacious economics.

Don’t get conned into this gross misallocation of time and money. An MBA is worse than useless. Only a fool would rather have one than the $100,000, the lost income, and the two years of lost time and experience it costs.

https://www.caseyresearch.com/articles/doug-casey-education

Google MBA is useless and have fun.

 

[deleted547339]

A physician MBA is about as useful as the DNAP CRNAs will be forced to obtain in the future - completely worthless.

Why do you say that?

 

[Nivens]

I don't think the cost-benefit analysis of an MBA as a physician is as straightforward as many claim. Seems to me like the opportunities and connections one might make, especially at a top business school (HBS, Wharton) are very difficult to predict and even harder to quantify.

 

[urge]

I don't think the cost-benefit analysis of an MBA as a physician is as straightforward as many claim. Seems to me like the opportunities and connections one might make, especially at a top business school (HBS, Wharton) are very difficult to predict and even harder to quantify.

Do you think a physician is doing the 2 year 150K full time MBA at one of the top schools, or the 1 year 30K on-line degree with a bunch of other physicians at an average school?

What's the opportunity cost of the former? 600k?

 

[urge]

I don't think the cost-benefit analysis of an MBA as a physician is as straightforward as many claim. Seems to me like the opportunities and connections one might make, especially at a top business school (HBS, Wharton) are very difficult to predict and even harder to quantify.

Do you think a physician is doing the 2 year 150K full time MBA at one of the top schools, or the 1 year 30K on-line degree with a bunch of other physicians at an average school?

What's the opportunity cost of the former? 600k?