Even after medical school and residency, doctors are not necessarily prepared to enter today's world of medical practice. These days with managed care, HMOs, capitation and other recent revolutionary changes, physicians must be able to combine sound fiscal planning and accountability with a high standard of patient care to excel.
But, how does a physician, with a busy schedule, gain a business education and still manage to run an effective medical practice? Add the responsibilities of taking care of a family and you can understand why for many of these busy professionals, pursuing additional business knowledge can sometimes seem impossible.
That's why more and more physicians are taking advantage of the flexibility provided by online MBA programs to gain the business knowledge they need while still meeting work and family obligations.
Take Dr. Kelly Hoye, of Dighton, MA, for example. Dr. Hoye has all the stress and obligations that most physicians and caring parents have, but she also has a keen insight into what skills she needs to compete in today's medical market. That's why she enrolled in the MBA For Physicians Online Program, where all the coursework is available on the Internet and no classroom attendance is required.
"The Regis University MBA For Physicians Program fits my needs as a practicing physician learning the business side of medicine," Hoye said. "As the United States struggles to improve quality and control costs in health care, it will need more physicians comfortable with both the science and business of medicine."
"E-learning allows max flexibility of timing - when I am free I can work - when the kids are asleep, when I am waiting for a baby to be born and other odd hours," Dr. Hoye said. "I monitor the message board and e-mail throughout the day and do much of the work in the evening after the children are in bed and on weekends."
Dr. Hoye completed her undergrad studies in biochemistry at Case Western Reserve University from 1981-85. She then completed medical school at the University of Chicago-Pritzker School of Medicine in 1989. She is a board certified family physician and continues to do obstetrics. Dr. Hoye has been in private practice with her husband for 8 years.
"I have enjoyed being a student again and have enjoyed the content of the first class. I have found applications and changes in thinking already," Dr. Hoye said.
The Regis MBA For Physicians Online Program is specifically tailored to meet the needs of licensed physicians (Doctor of Medicine, Doctor of Osteopathy) who want to be proactive, instead of reactive, when dealing with managed care and who want to enhance the business environment of their practice to positively impact patient care. Physicians who enroll in this distance learning MBA program will gain the business and managerial skills they need to deal effectively and efficiently with the financial challenges of modern health care practice.
Like several online MBA prorgrams, the Regis MBA program consists of online video and audio-streamed lectures that are available on demand - providing maximum convenience and flexibility to those enrolled. Doctors set their weekly study schedule and "attend class" at their convenience - anytime, anywhere that they have a PC. No thesis or classroom attendance is required. Each of the 12 courses is eight-weeks long.
Regis University offers the largest multimedia online MBA program in the nation and is regionally accredited by the North Central Association of Colleges and Schools (NCA). Regional accreditation is the highest level of academic accreditation that can be attained. Founded in 1877, Regis University is located in Denver, CO, and currently serves over 12,000 students. It has received many awards and honors, including being recently named for the fifth consecutive year a "Top Tier University" by U.S. News & World Report.
Through sponsorship by Postgraduate Institute for Medicine, the MBA For Physicians Degree Program provides the opportunity to earn continuing medical education credits to participants. A maximum of 121 (CME) credits can be earned for the complete degree program (12 courses total).
The program is made available on the Internet by The University Alliance, a Bisk-Education Network.
Linda L. Lewis writes for the Bisk Education Network