fbpx

Medical Schools Rob Us of Relevant Business Curriculum

Dana Corriel, MD, asserts that medical school curriculum should absolutely include relevant business material to help newly trained physicians maintain control of health care.

November 4, 2023

It’s Our Business

“The fundamental problem is doctors get as much training on business in medical school, as I got in business school on medicine.. which is zero..”

Matthew Gillogly hits it out of the ballpark with this very quote alone, as he covers the topic in How To Sustain A Business In Medicine.

Yes, as a formerly practicing internist I absolutely think we need at least some business classes during our training. We do our medical students a disservice with the absence of this relevant niche while still in school.

We do our medical students a disservice with the absence of this relevant niche (the business of medicine) while still in school. Click To Tweet

Keeping us in the dark, so to speak, robs us of the ability to dole out care while still maintaining control of the patient-physician relationship, in the direction best fit for these TWO entities.

The “middles” should have always been a silent “enhancement” – insurances, legalities, EMRs, etc.

But instead, healthcare is now in the pits. Because those middles, and new players on top of this (yes, private equity, I’m looking at you), actually DID take those business classes, and decided to use their knowledge to take advantage of those of us who just didn’t have the time.

 

Others Weigh In

I posted about this topic on my Linkedin account, and got some interesting comments to weigh in, which I’d like to share with you here:

 

Grace Torres, a podiatrist and recent author wrote:

“Spot On and Completely agree!!!! That was one of the reasons why I wrote my book Private Practice Solution. And adjunct to that, an introduction to financial literacy should be mandatory in high school – in medical school is almost too late.”

You can read more about her book, in fact, here (as she’s a SoMeDocs NETWORK member.


 

“100% agree,” said Asha Padmanabhan,  and then continued with:

“100% agree. I believe the business of medicine should be an integral part of our med school and residency curriculum. We do ourselves and our future physicians a huge disservice by not offering this in the learning stages. There are so many lessons I had to learn the hard way through making mistakes which could have been avoided if I’d been taught how to run a practice.

I’d be interested on hearing thoughts on how to make this happen.”

To which I replied that “I think it should be incorporated into both medical school and residency training. We need to step into attending-hood, understanding what we face. Being comfortable with becoming our own bosses.”

 


 

Michael Wholey, a Cardiovascular and Interventional Radiologist, a cardiovascular and interventional radiologist had this fantastic comment to add:

“Replace the teaching of the Kreb’s cycle with that of the revenue cycle.”

I could not agree with him more.

 


 

John Silver, PhD, RN asked

“So why would we want them running health systems?”

“Well,” I replied, “There are doctors who actually DO understand business. There are even doctors who earn additional degrees. So if a doctor has those qualifications, it’s a win-win that they run healthcare systems.”

 

(NEW interactive group)
Doctor Side Ventures

Doctors today are doing SO MANY things on the side. Join an exclusive Facebook community (for medical docs, dentists, podiatrists) to discuss everything from publishing, to real estate, to ways we build wealth or satisfy our extracurricular needs (& stay happy).

 

 

Another interesting and thought provoking comment made by Allen D, a board-certified neurologist:

“This is a “feature” not a “bug” in the system, in my humble opinion.”

 


 

All comments that make you think, eh?

If you’d like to leave a comment in the LinkedIn post, you can find it here.

If any of these thoughts speak to you, and you have a lengthier response that can be published, please submit it here. It will get circulated across our social media platforms and is more likely to get seen.

Remember, our specialty is starting discussions, and circulating them!

Dana Corriel, MD

Dana Corriel, MD

“I haven’t LEFT medicine, I’m simply taking time to tackle its issues from a different angle. I’m stepping out of the traditional medicine box.”

All opinions published on SomeDocs-Mag are the author’s and do not reflect the official position of SoMeDocs, its staff, editors. SoMeDocs is a magazine built with the safety of free expression and diverse perspectives in mind. For more information, or to submit your own opinion, please see our submission guidelines or email opmed@doximity.com. Do you have a compelling personal story you’d like to see published on SoMeDocs? Find out what we’re looking for here and submit your writing, or send us a pitch.

All opinions published on SomeDocs-Mag are the author’s and do not reflect the official position of SoMeDocs, its staff, editors. SoMeDocs is a magazine built with the safety of free expression and diverse perspectives in mind. Do you have a compelling personal story you’d like to see published on SoMeDocs? Submit your own article now here.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

This learning experience is powered by CMEfy - a platform that brings relevant CMEs to busy clinicians, at the right place and right time. Using short learning nudges, clinicians can reflect and unlock AMA PRA Category 1 Credit.

Of Interest

Subscribe To Our Newsletter

Get updates and learn from the best

Side Ventures [SERIES]

Side Ventures [SERIES]

Coming Soon: Guests will discuss the side ventures they’ve taken on, from the books they’re writing, to the podcasts they host, to other extracurriculars they’ve taken on.

[SERIES] Stigmatized

COMING SOON: Stigmatized [SERIES]

Coming Soon: Dr. Jay Joshi hosts this limited time series, in which he brings other healthcare professionals to the discussion table, to cover a stigmatizing topic.

Nisha Kuruvadi, DO, DABOM

Nisha Kuruvadi, DO, DABOM

Dedicated to holistic wellness, combining expertise in Internal and Obesity Medicine for individualized, transformative care.

Eva Mackey, MD

Eva Mackey, MD

Direct Primary Care Physician: I take care of patients, not the insurance company.

Linda Bluestein, MD

Linda Bluestein, MD

My patients with Ehlers-Danlos Syndromes (EDS) and Hypermobility Spectrum Disorders (HSD) inspire me every day!

Want More?

Be a part of our healthcare revolution. Don't miss a thing SoMeDocs publishes!

Disclaimer: SoMeDocs assumes no responsibility for the accuracy, claims, or content of the individual experts' profiles, contributions and courses. Details within posts cannot be verified. This site does not represent medical advice and you should always consult with your private physician before taking on anything you read online. See SoMeDocs' Terms of Use for more information.

follow us

© 2024 SoMeDocs. All Rights Reserved.

Soak up content & grow

Educational reflections..

Drop your email address below and we’ll email you the link for continuing opportunity pathways from CMEfy. Check your spam folder if you do not receive our email. We’ll also add you to our Sunday newsletter, so you can receive even more of our unique content!

Support A Platform that Celebrates Real Doctors

For just $10 a month, you can help keep this openly accessible site available to all & help us sponsor in more doctors.

Interested in subscribing
to our unique content?

Interested in subscribing to our unique content?

Play Video
Our Founder Answers Your BURNING Question

SoMeDocs

“Why should I become a member of SoMeDocs if I already have my own space online?”

Site SoMeDocs Logo, square

WANT TO STAY IN THE LOOP?

DON'T MISS A SINGLE CONTENT PIECE.