Medical Education and The Business of Medicine
Historically, healthcare policy and medical economics are excluded from medical school curricula due to the dominant focus of scientific medical education being and clinical principles of medicine. Evidence suggests that a majority of medical school graduates feel ill-prepared when it comes to learning about the business side of medicine. With the introduction of the Patient Protection and Affordable Care Act in 2010, now in 2017 more than ever medical students and young physicians need formal training with regard to the business of medicine with the advanet of value based care replacing fee-for service and quality measures in MACRA/MIPS, Accountable Care Organizations, Patient Center Medical Homes, Chronic Care Management, Home Care situations, and many other primary care and specialty care opportunities. Incorporating these topics in the medical education timeline helps prepare medical school graduates to set up successful practices in their future careers.
Copyright (c) 2017 Steven Marc Wagner, PhD,MPA, Alex M McBath, 9157277383
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