Partially from the press release
Several universities have established executive MBA programs for physicians, including the University of South Florida, UT-Dallas and the University of Tennessee. These are full MBA programs run on a part time basis. A different, and more focused option may be the “Pocket MBA for Physicians” program announced yesterday by Boston University.
The program is from BU’s School of Management in conjunction with their School of Medicine, and carries with it a maximum of 41.5 AMA PRA Category 1 Credit(s)™. The programs runs on three Friday/Saturday blocks in November, February and April in Boston.
The Pocket MBA for Physicians incorporates best business practices from the healthcare industry and other professional arenas to provide physicians with a powerful set of tools and skills. The final module will provide physicians with the opportunity to attend the sessions which are the most applicable to their professional discipline. Whether building a private practice or in a position of leadership in a hospital setting, physicians will be able to focus intensively on the specific issues and skills related to successful implementation in each setting.
Physicians will acquire skills to help them:
- Analyze the needs of patients and practice.
- Evaluate/manage the control systems of clinical operation.
- Establish optimal health record systems to increase patient satisfaction.
- Master a variety of proven management techniques.
- Develop strategies crucial to delivering the best patient care while maintaining the highest standards of the organization.
In between the three modules, participants will work on a strategic implementation project that “will allow them to apply what they have learned to create concrete value in their actual work settings.” I particularly like this last part, as it gives participants an ongoing opportunity to apply the concepts in a very practical way. This reinforces the learning, and, most importantly, teaches execution, which is the usually the most difficult part of management,
The Boston University School of Management and School of Medicine are cooperating on this program.