MBA in a Day Helps Physicians With Business Side

Today’s health care industry is highly competitive and physicians need to know the business issues that are affecting physician practices today. MBA in a Day offers a series of content-specific seminars specifically for practicing physicians in the competitive health care environment. The series of seminars are independent courses which cover primary topics taught in MBA-level courses in a highly condensed format. The courses provide a basic understanding of the same essential business concepts and strategies that student in MBA programs study in leading graduate business school programs. MBA in a Day course modules focus on essential elements related to the “business side” of a medical practice, e.g., marketing, finance, leadership and management, computers and contract negotiations. It is these non-clinical areas that are becoming increasingly more stressful to medical practitioners, affecting their perceptions about the practice of medicine and influencing the quality of care. Primary care Physicians and specialists, individual practitioners, group practitioners and physicians practicing in institutional settings are the right for the MBA in a Day Physician program. The content of MBA in a DAY seminars is specifically designed for the medical professional wishing to improve the business performance of their practice and would like to explore options about strategies and concepts that affect the delivery of health care in today’s changing environment. Business today continues to present an intense managed care environment as well as many other external forces affecting practice performance. A physician’s knowledge and application of current business concepts and practices is vital to growing a successful practice and integral to greater professional satisfaction, an increased level of patient care and patient satisfaction. OPINIONS Missing from most of the training physicians receive in medical school are important fundamentals about the organizational and business-process environments physicians’ well-trained and developed health care skills are delivered. A grounding in basic business and organizational concepts and principles will transfer into increased quality of patient care as physicians understand their professional organizational and business environment and can focus more on the needs of the patient, and not the business, as suggested by Dr. John Whitelaw, President-elect, California Medical Association: “Medical practice has become more burdensome. The business side has taken over time spent working with patients”(“Studies point to Doctor Dissatisfaction”; Physicians Financial News Vol.XIX, No. 14, October 15, 2001. SURVEY As an indicator of the dissatisfaction that physicians are finding with their chosen profession, a 2001 survey (“And then there were none: The coming Physician Supply Problem”, California Medical Association) noted that more than 25 percent of 2300 physician-respondents said they would no longer choose to practice medicine if they were starting over today. Two thirds would not advise their children to practice medicine. Such dissatisfaction, expected to transfer into a reduced level and quality of patient care, may be linked to the business side of medicine and the inefficiencies of operating a more complex form of medical practice today as reflected by Dr. Ira Wilson: “Physicians love to deal with the intricacies of patients’ complicated complaints. It’s why we’re doctors. But we don’t like to engage in hours and hours of administrative kinds of stuff that takes us away from patient care and from thinking about actual medical problems.” (Physicians Financial News. Oct. 15, 2001 p. 22) Each module is a stand-alone program that can be delivered as a single CME program, or combined with other modules. The modules are Marketing (4 hours), Contract Negotiations (4 hours), and Leadership and Management (16 hours). If you are a Physician looking for an executive MBA program, then look to the Physician Focus MBA in a Day.