I enjoyed reading this recent NEJM Catalyst article titled, "New Physicians Will Need Business School Skills." The author begins with a phrase that I encounter all the time:
“Business of medicine” issues are now forefront in the minds of most physicians.
Fundamental business and leadership training must focus on:
The authors of the article propose a very simple concept (easy to implement if your medical school is also linked to a business school):
We propose that medical schools, in conjunction with business school faculty, develop an interdisciplinary four-week clinical rotation during the fourth year of medical school. In our view, the best learning experiences would be project-based, combining components of didactic teaching sessions and hands-on experience. The goal of the four-week course would be for the student to identify and solve real problems facing the school’s hospitals and clinics.
Why limit these types of project-based learning experiences to 4th-year medical students? This should be incorporated into the worlds of GME and CME.
The authors also note the importance of achieving operational efficiencies:
Health care is too diverse across geographies and too fragmented in its structure and reimbursement methodology for this to be done exclusively by management consultants or health plan administrators.
While I love the idea of an interdisciplinary “business of medicine” elective for 4th year medical students, I also hope that more hospitals and health systems will invest in developing these types of valuable education programs for their practicing clinicians.
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