Why Doctors Go to Business School

In recent years, the healthcare delivery model in North America has fundamentally changed. As physicians have become more specialized and centralized, there has been a stronger emphasis than ever before placed on the “business side” of medicine. Increasing operational efficiency has become a top priority for healthcare organizations interested in not only improving the quality of patient care but also with cutting costs, optimizing staffing levels, and adopting cutting-edge electronic medical records platforms. As a result, physicians with dual training in both healthcare and business are in growing demand due to their unique insight into how to best treat patients and manage a business effectively.

The ultimate goal of the healthcare industry is to provide a high quality of care at an affordable price, which speaks to the need for physicians who can provide unique clinical insight into management decisions. Healthcare organizations are best served to have physicians in leadership roles who understand what it means to effectively treat the patient, but who also have received formal business training. These highly qualified physicians have the skills necessary to recommend process improvements, address inefficiencies, and bring fresh eyes to institutional problems.

At the American Board of Physician Specialties® (ABPS), we have recognized the growing demand for physicians who are extensively trained in both healthcare and business administration, which is why we developed the nation’s first Member Board dedicated exclusively to providing board certification in Administrative Medicine: The American Board of Administrative Medicine® (ABAM®). Diplomates of the ABAM are physicians who have extensive experience treating patients but also have leadership roles in private practices, hospitals, and large healthcare organizations.

If you are a physician who has completed a joint MD/MBA program, or you are a board-certified physician with extensive, verifiable experience in healthcare management, consider the advantages of pursuing board certification through the ABAM. Full eligibility requirements can be viewed here.

To learn more, contact the ABPS today.

Save the Date
House of Delegates & Annual Scientific Meeting
Innovation & Overcoming Challenges
June 10-15, 2022
Patient Care Is Our Priority

Medical organizations throughout North America understand that our rigorous certification standards prove that ABPS Diplomates are capable of delivering the best patient care possible.

I feel truly blessed and grateful to be an internal medicine board-certified diplomate with the American Board of Physician Specialties. Their ongoing, steadfast commitment to physician board(s) enhancement, forward focused vision, and tenacity is second to none. ABPS has become a recognized choice in Physician Board Certification.

Adam Rench, MD
Internal Medicine
To be the best, you must measure yourself against the best. Achieving Board Certification in Emergency Medicine by the ABPS gave me the opportunity to demonstrate mastery of the art of EM in an objective way. The high bar that ABPS sets for candidates to be allowed to take both the written and oral exam is a testament to ABPS's rigorous vetting of one's ability to practice Emergency Medicine at a high level. By maintaining these credentials, I've been able to instill confidence in my abilities at the department/employer level and ultimately with the patients that choose to seek emergency care at the facilities at which I practice.

Royce Mathew Joseph, MD
Emergency Medicine
The American Board of Physician Specialties has supported the entire field of Integrative Medicine in sponsoring our board. It has been so validating of the importance of prevention-oriented and holistic approaches to care while emphasizing the scientific basis of this specialty to have it recognized by ABPS. I am proud to have been one of the first groups to be board certified by ABPS in Integrative Medicine, leading the way for others committed to training in this specialty.

Myles Spar, MD
Integrative Medicine