Medical Education Benefits

The business education of medical students is a unique and an extraordinary benefit to every counterpart of medical education.

1. Benefits to medical schools.

a. Medical schools that understand the marketing value of this medical education undertaking will dominate the respect and admiration of all other medical schools while maximizing the school’s reputation and desirability.

b. Medical schools that implement the business education of students and who graduate doctors that are armed with business knowledge and tools streamlined for higher levels of medical practice business success have an unprecedented opportunity to lead the practice of medicine from the top.

c. The recognition of a higher demand for business integration into medical

The exciting part of being a business-educated professional is that their knowledge, competency, management skills, and business capabilities added to their core medical education makes them a rare professional in high demand in any workplace. These outstanding educational attributes together not only widens their professional capabilities in the medical job market, but also paves the way to a much higher level of accomplishments. Such a physician becomes considerably more valuable to any medical business entity, whether it is a hospital, HMO, medical education, research, or other related medical business. For one thing, this dual capability and knowledge eliminates the need for two employees: one does it all. Looking at trends presently visible in healthcare, wouldn’t the increasing need for physician administrators be obvious? Wouldn’t any hospital board prefer a CEO with both qualifications? The likelihood of far increased salary benefits resulting from this

However, the probability of the continued deterioration of private medical practice and the independence of doctor’s healthcare decision-making will not be cured by new digital medical technology. However, by combining a formal business education of medical students with the advancing medical technology, the advancement in medical care and all healthcare will most certainly skyrocket in quality. That leap will occur because the platform on which all medical practice functions most effectively is based on a business structure. Just try practicing medicine without any business platform sometime. Think like a cash-only practice in a cardboard hut on a corner in downtown NYC. Physicians who know how to manage a successful business will always remain at the top of their medical practice game. Just imagine what healthcare would be like if every graduating new doctor had a firm grip of business knowledge from the start of their practice, regardless of where and how they choose to practice. The full extent of this one change and improvement of healthcare can’t be predicted, but would certainly be overwhelming in