What can you do with an MD/MBA?

[868651]

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Hi,
They have an MD/MBA (Master of Business Administration) program at East Carolina University Brody School of Medicine, I’m just curious as to what a physician would do with an MBA anyway?

 

[theonlytycrane]

private practice, leadership in a hospital, start a business, etc.

 

[Lawpy]

I'm hoping we can get a @HomeSkool Guide to MD/MBA in the future.

 

[michaelrack]

An MBA is of no use in private practice. many of the business skills needed in private practice (or any small business) - negotiating rents for office space, doing build-outs, etc, aren't covered in a typical MBA curriculum. Now, if you wanted to run or be an officer for a large business, then an MBA may be helpful

 

[Osteoth]

An MBA is of no use in private practice. many of the business skills needed in private practice (or any small business) - negotiating rents for office space, doing build-outs, etc, aren't covered in a typical MBA curriculum. Now, if you wanted to run or be an officer for a large business, then an MBA may be helpful

Private practice =/= small business. There are large, multi-specialty groups that are 100+ members, physician owned and run that are considered "private practice". Rest of your point I agree.

Also, there's an entire subforum answering this topic.

 

[michaelrack]

Private practice =/= small business. There are large, multi-specialty groups that are 100+ members, physician owned and run that are considered "private practice". Rest of your point I agree.

Also, there's an entire subforum answering this topic.

Agree

 

[NickNaylor]

The ultimate end-goal would likely be hospital leadership, clinically oriented business leadership (e.g., CMO if an insurance agency), etc.

I agree with @michaelrack’s point that an MBA is wholly unnecessary apart from very large, multi-specialty practice situations.