Doctors are Getting Engaged in the Healthcare Revolution
As the healthcare industry continues to modernize and privatize, the importance of having physician leaders with extensive business expertise is more important than ever before. And, to address the need for leadership from within the medical community, many academic institutions across the nation have developed joint MD/MBA programs that provide both medical and business training simultaneously. These programs have skyrocketed in popularity since 2000 and are today better preparing young physicians to not only run their own practices but also rise to the top of healthcare organizations.
Physician Board Certification in Administrative Medicine
At the American Board of Administrative Medicine℠, a Member Board of the American Board of Physician Specialties®, we provide board certification to highly qualified physicians with extensive experience and expertise in the business side of medicine. We are a board that is dedicated to, and administered by, physician leaders, which makes us particularly well suited to meet the needs of graduates of MD/MBA programs. While many physicians pursue board certification in their medical specialty, the ABAM offers an opportunity for certification in the administrative side of medicine, as well. This allows our Diplomates to further demonstrate their strong business acumen to employers, hospital CEOs, boards of trustees, and other stakeholders.
As ABAM Diplomate William Farrell, MD, MBA, says: ABAM certification “has allowed me to foster the skills that I learned in my MBA program and better serve my patient population. I would encourage all physician leaders with an MBA or an equivalent background to apply for ABAM certification. It will enhance your curriculum vitae as well as expand networking for future opportunities, and your cohort of Diplomates may also enrich your leadership knowledge and skills.”
Eligibility Requirements of the ABAM
In order to be considered for board certification through the ABAM, the candidate must:
- Hold a master’s degree in business administration, medical management, or healthcare administration, or have at least five years of cumulative experience in an administrative position
- Currently hold, or previously have held, board certification through the ABPS, ABMS, AOA, or a RCPSC board
- Have a valid and unrestricted license to practice medicine
- Adhere to the additional eligibility requirements that can be found here
- Submit letters of reference or qualification assessment forms from three individuals who can verify and describe directly observed skills, abilities, and interest in the areas of medical administrative experience
- Submit a current curriculum vitae that includes medical school, degrees earned, and work experience, in chronological order
After applicants are deemed eligible, they must pass a computer-based written exam to earn board certification in administrative medicine. You can find information about dates and fees for the application and the exam here.
Once granted, ABAM certification is good for eight years, expiring on December 31 of the eighth year.
ABAM Physicians Have the Skillset to Oversee the Business Side of Medicine
Today, the healthcare field is crowded by big businesses that are often run by business professionals with little to no medical training. As a result, there is a clear need for physician leaders who are able to bring their unique insight into both the hospital and the board room. This is a clear window of opportunity for motivated professionals, and the ABAM is pleased to help physicians rise to leadership positions in hospital groups, private practices, and other healthcare organizations.
To learn more about the ABAM and our eligibility requirements, contact us today.