Combining the MD with a Management Degree: A Sound Investment in Today's Value-Driven Healthcare Economy

Interest in joint MD and management degree programs is increasing. Using MD-MBA as a proxy for all advanced management degrees, we examined the financial value of pursuing the MBA for both medical students and physicians, as well as the value provided to the institutions that employ them. Our analys...

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Bibliographic Details
Published in:The Journal of health administration education 2015-11, Vol.32 (3), p.297-305
Main Authors: Guercio, Jason Ross, Lehman, Elmer Philip, Sangvai, Devdutta
Format: Article
Language:English
Subjects:
Academic degrees
Business Administration Education
Career Change
Health care management
Health education
Management Development
Medical Students
Outcomes of Education
Physicians
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Summary:Interest in joint MD and management degree programs is increasing. Using MD-MBA as a proxy for all advanced management degrees, we examined the financial value of pursuing the MBA for both medical students and physicians, as well as the value provided to the institutions that employ them. Our analysis indicates significant positive financial benefit to both dual-degree and executive MBA physicians. Based on typical costs associated with engaging external consultants, we also demonstrate that management degree-holding physician executives can provide financial value to the institutions that employ them.
ISSN:0735-6722
2158-8236