Infosession slides - Association of MD

Report
UC Irvine MD/MBA Joint
Degree Program
Maria Chandler, MD, MBA
Faculty Advisor, MD/MBA Program
PH (949)824-6138
[email protected]
Maria Chandler, MD, MBA
1
Mission
To train a select group of physicians in the aspects of
business who will lead our community and the entire
healthcare industry toward a solution to the incredible
challenge we are faced with of providing patients with
quality care that is financially and ethically responsible.
Maria Chandler, MD, MBA
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Why A Dual Degree?
The Association of American Medical Colleges:
Future physicians must “acquire leadership
skills,” be able to “analyze financial data,”
and “negotiate contracts.” (4/97)
Maria Chandler, MD, MBA
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Why A Dual Degree?
The University of California Commission on the
Future of Medical Education:
“urges medical schools to emphasize business skills.”
“Trainees today should also have a sophisticated
understanding of business management.”
“Doctors must exhibit business acumen if they want to
land a job.” (6/97)
Maria Chandler, MD, MBA
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Why A Dual Degree?
Dr. Windsor Sherrill, Ph.D., MBA:
• Leadership opportunity
• Job security
• Possible changes in medicine
• Personal career goals-to combine clinical and
administrative roles, to innovate, to make a difference
(MD/MBA students: An analysis of medical student career choice. Med
Education Online 2004;9:14-www.med-ed-online.org)
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MD/MBA Search Firms
• UpToDate (Boston)-MD Sales Position
• Wimbledon Group (Colorado)-VP of Strategy
and Operations for Enlight Biosciences
• Janet Wright & Associates Inc (Non-profit
sectors Canada)-Executive VP, Mt. Sinai Hospital
Toronto
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Why A Dual Degree?
Physicians in Leadership Positions:
Hospitals
Managed Care
Group Practice
46%
78%
55%
(Hospitals & Health Networks 8/5/97)
Maria Chandler, MD, MBA
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Why a Dual Degree?
Dr. Kim B. Clarke, PhD, Dean of Harvard Business School:
“Medicine and business have long been intertwined…but
today, with the extraordinary promise of emerging medical
technologies, sweeping changes in the delivery of health care,
and the push to control the cost of medications, the need for
leaders firmly grounded in both fields has never been
greater.”
(“Harvard Introduces Joint MD-MBA.” FOCUS, May 14, 2004.)
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Why a Dual Degree?
New York Times:
“Indeed, doctors have become so interested in the business
side of medicine that more than 40 medical schools have
added, over the last 20 years, an optional fifth year of
schooling for those who want to earn an M.B.A. degree as
well as an M.D. Some go directly to Wall Street or into
health care management without ever practicing
medicine.”
(“Lure of Great Wealth Affects Career Choices.” New York Times, November 27, 2006)
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Personality Types of MD/MBAs
Physicians (INFP)
• Introvert
• Intuitive
• Feeling
• Perceiving
Business Type (ESTJ)
• Extrovert
• Sensing
• Thinking
• Judging
O’Connor and Shewchuk, Enhancing Administrator-Clinician Relationships: The Role of
Psychological Type. Heal Care Management Review 18, no.2 (1993): 57-65.
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U.S. MD/MBA Programs (65+)
University of Alabama School of Medicine
Baylor College of Medicine
University at Buffalo State University of New York School of Medicine & Biomedical Sciences
University of Colorado Health Sciences Center School of Medicine
Columbia University College of Physicians and Surgeons
Joan & Sanford I. Weill Medical College of Cornell University
University of Florida College of Medicine
Dartmouth Medical School
Emory University School of Medicine
Indiana University School of Medicine
Jefferson Medical College of Thomas Jefferson University
University of Kentucky College of Medicine
University of Michigan Medical School
University of Minnesota Medical School
The Ohio State University College of Medicine
Saint Louis University School of Medicine
Keck School of Medicine of the University of Southern California
University of Texas Southwestern Medical Center at Dallas Southwestern Medical School
UMDNJ--New Jersey Medical School
Vanderbilt University School of Medicine
Yale University School of Medicine
University of California, Davis, School of Medicine
University of South Florida College of Medicine
Brody School of Medicine at East Carolina University
Texas Tech University Health Sciences Center School of Medicine
Mayo Medical School
McGill University Faculty of Medicine
University of Illinois College of Medicine-Urbana Champaign
Drexel University College of Medicine
University of Iowa Roy J. and Lucille A. Carver College of Medicine
Case Western Reserve University School of Medicine
Temple University School of Medicine
UMDNJ-Robert Wood Johnson Medical School
University of California, Irvine, College of Medicine
Tufts University School of Medicine
University of Chicago Pritzker School of Medicine
University of Connecticut School of Medicine
University of Illinois College of Medicine
David Geffen School of Medicine at UCLA
University of Rochester School of Medicine and Dentistry
University of Pennsylvania School of Medicine
Medical University of South Carolina College of Medicine
Wright State University School of Medicine
University of Arkansas College of Medicine
Georgetown University School of Medicine
University of Cincinnati College of Medicine
Northwestern University, The Feinberg School of Medicine
Wake Forest University School of Medicine
Duke University School of Medicine
Source: AAMC Curriculum Directory 2007
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Dual Degree Popularity
#1
#2
#3
#4
MD/PhD
MD/MPH
MD/MBA
MD/JD
130
75
65
21
Total U.S. Medical Schools: 130
Source: AAMC Curriculum Directory 2009
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MD/MBA Degree Growth
60
50
40
1993
2001
2005
2009
30
20
10
0
MD/MBA Programs
(MD/MBA Programs in the United States: Evidence of a Change in Health Care Leadership by David B. Larson, MD, MBA,
Maria Chandler, MD, MBA, Howard P. Forman, MD, MBA. Academic Medicine, March 2003)
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The Paul Merage School of Business
First in nation to establish a healthcare MBA program
Highly regarded in news media ranking of business schools:
• Ranked #5 in faculty "intellectual capital" (Business Week)
• Ranked #6 nationally in Information Technology (The Wall Street Journal 2006)
• Ranked #24 internationally (top 10 in U.S.) for Executive MBA programs,
faculty research ranked #14 internationally (Financial Times 2006)
• Ranked #38 nationally, #19 among public universities for full-time MBA (US
News 2006)
Maria Chandler, MD, MBA
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5 Year Joint Degree Program
Year
Summer
Fall
Winter
Spring
1
MD
MD
MD
2
MD
MD
MD
3
MD
MD
MD
MD
4
MD
MBA
MBA
MBA
5
MD
MD
MBA
MBA
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MD/MBA Students Accepted
by MBA Start Date
1997
1998
1999
2000
2001
2002
1
1
2
2
3
5
2003
2004
2005
2006
2007
2008
5
5
7
7
10
16
Maria Chandler, MD, MBA
2009 8
2010 14
2011 10
16
Application Process
• Apply on-line
• Students apply during their 2nd medical school year
• Previous business courses or experience is not
necessary
• PRIME LC students may apply (please don’t if you’d
prefer an MPH)
• GMAT not required for admission
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• Employment History – CV. Submit a copy of your CV.
• Application Fee. The application fee is WAIVED for
medical students. In order to receive your waiver, you
must start the online application and request a waiver. Be
sure to request the waiver prior to completing and
submitting your application.
• Admissions Test. No admissions test is required. The
MCAT substitutes for the GMAT.
• Please submit the online application and all supporting
materials by March 2011
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MBA Curriculum Sample
•
•
•
•
•
•
•
Core
Organizational Management
Financial Accounting
Economics
Information Technology
Business and Government
Operations, Marketing
Strategy
Electives
• US Health Policy, Federal Health
Policy
• Healthcare Entrepreneurship:
Physician to CEO
• Physicians as Medical Directors
• Management of Healthcare
Organizations
• Strategic Planning/Marketing of
Healthcare services
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CAREER OPPORTUNITIES FOR
GRADUATES
Physician Leaders in…
•
•
•
•
•
Legislation/Policy
Medical Research
Managed Care
Academics
Pharmaceuticals
•
•
•
•
•
Non-profit Clinics
Biotechnology
Hospital Administration
Health Information Technology
Entrepreneurial Ventures
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Job Preference of MD/MBA Students
Job Activity
Mean Score
Medical Director – Multi-specialty group
1.56
Medical Director of Major HMO
1.70
Medical Director of largest insur./managed care co. in region
1.85
CEO of biotechnology company
1.93
Medical Director – Single specialty group
1.93
Chief of Staff of 500 bed hosp. (tertiary care) in for-profit system
1.93
Nationally recognized expert in cost control disease management
1.93
Chief of Staff of large, tertiary care acad med center serving indigent pop
2.00
Medical Liaison of WHO
2.00
Chief of Staff of sole provider hospital in rural area
2.11
Dep Director of State Board of Health
2.3
Medical Director of inner city health clinic
2.6
Rank 1-3 with
1 most desirable
Table adapted from “MD/MBA Students:An Analysis of Medical Student Career Choice" by Windsor Westbrook Sherrill, Ph.D., MBA
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Maria Chandler, MD, MBA
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Dual MD/MBA Programs on the Rise:
Employers See Value in Business, Medical Training
It started with a letter that Maria Chandler, MD, sent to the dean of the
medical school at the University of California at Irvine.
The pediatrician had recently completed her MBA and offered her assistance if the
medical school had any students who were interested in a similar path. Chandler
got a quick response.
"He sent a letter right back and said, 'How'd you like to start a MD/MBA program
here?'" Chandler said.
That was in 1996, and only a handful of schools offered the dual degree. Today,
there are more than 130, and Chandler has gone on to create the National
Association of MD/MBA Students, a non-profit organization aimed at helping
graduates.
Most of the students who pursue dual degrees are entrepreneurial by nature,
Chandler said. Surveys of the graduates show most choose to pursue clinical
practice for at least a little while after graduation, although many choose to
assume administrative duties at an early age.
Employers are starting to recognize the value of a dual degree in medicine and business. In fact, Wellpoint has created a fellowship program designed
especially for these grads. Called the Physician Executive Fellowship, the one-year program is aimed at grooming physicians for careers in medical
management.
"I'm hoping other organizations follow suit and say they have to start training these young physicians as well," Chandler said.
One of the biggest misconceptions about dual degree students is that they are motivated by money, she continued. In fact, research has shown most
students who choose dual degrees want to make a difference in health care.
These students need guidance, however. Chandler said most are hoping to connect with a mentor. Many need ideas for projects they can do for credit -highly complex examples of knowledge in both medicine and business. In fact, the dual degree students at the University of California at Irvine created the
business plan for the school's simulation center and helped bring it to fruition.
Research shows most students are pleased with their choice to pursue a dual degree. According to a survey of 87 graduates, 90 percent said they were
"happy" or "very happy" with their degrees.
Chandler said she hopes someday that all medical schools will not only offer a dual degree but incorporate business principles into their medical
curriculum.
"Physicians are trained in a dictatorial way," she said. "They're trained to be the dictator of their OR ...whereas business school is all about a team
approach."
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Graduating Class
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