The number of joint MD/MBA degree programs at universities has ballooned from just five or six in the late 1990s to 65 in present times, according to a New York Times report.
The boom in physician interest in business degrees stems from a realization that "healthcare is a business," according to Mark V. Pauly, PhD, professor at University of Pennsylvania's Wharton School. Physicians, with their background in medicine, can bring a fresh and inside perspective on healthcare quality issues that can affect business.
According to Barry Silbaugh, CEO of the American College of Physician Executives, an increasing number of healthcare start-ups are being run by physicians and most of the ACPE's members serve as medical directors or CMOs of hospitals and health insurance companies.
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The boom in physician interest in business degrees stems from a realization that "healthcare is a business," according to Mark V. Pauly, PhD, professor at University of Pennsylvania's Wharton School. Physicians, with their background in medicine, can bring a fresh and inside perspective on healthcare quality issues that can affect business.
According to Barry Silbaugh, CEO of the American College of Physician Executives, an increasing number of healthcare start-ups are being run by physicians and most of the ACPE's members serve as medical directors or CMOs of hospitals and health insurance companies.
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