MD-MBA program seeks help from alumni and experienced medical professionals – News from the School of Medicine
The Wayne State University School of Medicine and the Mike Ilitch School of Business are seeking input from parties with medical experience to help launch a new joint degree program in which medical students can simultaneously earn a Masters in Business Administration. with a four-year medical degree.
The team overseeing the development of courses and learning experiences for the Joint Degree Program said that participation may include:
* Meeting with the program development team
* Become a member of the curriculum development and course delivery team
* Sharing of expertise as a guest speaker in one of the courses of the program
* Connect the team with individuals and healthcare organizations to identify experiential learning opportunities through case studies and projects focused on real business challenges in healthcare settings.
Visit https://forms.wayne.edu/626c150cf09bd to learn more about program participation and to register your interest.
Announced in October 2021, the program’s curriculum will offer students core courses in medicine and business, as well as electives in each area and specialist courses in both. Upon successful completion of the program, students will be prepared for employment as physicians and in a wide range of additional settings in the public and private sectors.
The program is a partnership between the WSU School of Medicine and the Mike Ilitch School of Business.
The joint MD-MBA program will open career paths to leadership roles in hospital administration, more effective participation in health care policy research and policy development, and opportunities with corporations pharmaceuticals, medical devices, health technology and insurance. The program also opens the door to entrepreneurial endeavors ranging from starting a private practice, to building non-profit organizations focused on efforts to address health disparities, to a potential role as a founder or medical advisor to healthcare startups.
Several MD-MBA programs already exist in other medical schools, but the majority are five-year programs, which require medical students to withdraw from their medical training programs for one year, which delays graduation. graduation and the start of residency programs. The WSU program will allow students to complete both degrees in four years.
Medical students enrolled in the program will simultaneously take MBA courses during the 18-month pre-clerkship and 14-month post-clerkship phases of their medical training. Students are first admitted to the medical degree program and then apply to the MBA program in their first year of study. Students will earn a minimum of 36 credits for the MBA, including nine credits transferred from the MD program. Nine credit hours are counted twice to meet the requirements of both degrees, saving students time and money.
Physicians with both a medical degree and a master’s degree in business administration will be valuable candidates for leadership positions in hospitals, health care systems, and health and care-related businesses. medicine.
The Association of American Medical Colleges reports that students who choose an MD-MBA program often develop careers in medicine with clinical and administrative responsibilities. MBA courses prepare them to administer clinics and medical centers, manage healthcare organizations, and become more effective patient advocates while striving to improve the healthcare system.