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Academic Business Education

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Chapter 11 – The Case Review

“Conclusions that Validate the
Critical Value and Benefits of Including an
Academic Business Education within the
Medical School Education Curriculum”

About 172 medical schools in the USA have the responsibility and capability to provide a formal business education during the students’ medical education. The perpetuating professional advantages for both young doctors, the medical school itself, the integrity of the medical profession, and the healthcare of our nation is no less than paramount to a medical history making endeavor.

If the true purpose and objective of academic medical scholars is to fully prepare medical students with the knowledge, experience, and training necessary for the highest
…show more content…
Therefore, over 98 percent of doctors will choose to live with a poorly functional and inefficient medical practice because they have not learned how critical their business education is to their own survival and career.

7. The usual requirements for a Masters in Business Administration do not meet the practical needs of practicing doctors for many reasons. A business education must be closely aligned to medical practice functions, as it would be if provided to medical students. The reason for this is that doctors are disciplined to be focused 98 percent on medical practice and only secondarily and involuntarily on the practice business. The same is true for all professional medical care providers, such as dentists. You might have noticed the recent proliferation of media information concerning the increased effectiveness of education when students perform internships in businesses they intend to prepare for.

8. A university or college business school education is not geared to the medical profession practice business, but supplies the basics for running any business profitably. It’s just not good enough or specific enough for doctors to grasp well
…show more content…
The mistake is to perpetuate the idea that business education should be accomplished as a separate entity from medical education. Hopefully, this stands as a strong convincing and authoritative reasoning for providing a business and marketing education during the four-year medical student pursuit of medical education. Wouldn’t it be a fantastic experience for any medical school to witness the extraordinary accomplishments of all physicians who have graduated with an academic business-medical education that far exceed all expectations of the academic medical community? It is a reality.

Being a new revolutionary education model for medical/business education is one thing, but to be the one single dynamic improvement in healthcare that will drag physicians out of the quicksand of financial failure (a major disincentive facing most doctors in private practice of medicine today) is

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