Physician Leaders are Transforming Healthcare
For many years, one of the largest problems facing the American healthcare system has been a shortage of physician leaders. As medicine has become more streamlined, economized, and consolidated, hospital groups and other large healthcare organizations have tended to be led by business leaders, not medical doctors. However, in response to recent changes in healthcare policy, there are more opportunities for motivated physicians to assume leadership positions in the sector than ever before.
Hospitals and physicians have always had a complicated relationship as both groups have relied on one another heavily but also competed for patients and funding. Physicians have needed hospitals not only for employment but also as a point of referral for patients requiring more advanced treatment and diagnostic services. Hospitals, meanwhile, have relied on physicians for staffing purposes and an increased commitment to 24/7 care. Yet, in the last several decades, the healthcare industry has moved away from competing physicians operating independently throughout the community into more accountable care organizations, often in area hospitals. In fact, “[b]y 2013, hospital full-time equivalent employment has grown to more than 122,000, a 74 percent increase since 1998.”
This has far reaching implications for the healthcare industry, and has led to the genesis of several new industries that have quickly become among the most important in the sector. Today, leadership opportunities exist for physicians who are interested in not just medicine but also the business side of medicine. Increasingly, physicians are making the decision to not only obtain their MD or DO but their MBA as well, and all across the country medical schools offer dual track degree programs that might have once been unheard of but today are common.
Physicians who are dedicated to making their careers in a hospital setting, known as hospitalists, are among the most sought after specialists in the industry. These physicians have recognized the increasingly important role of hospitals throughout the country and have training that focuses on the unique challenges that come with administering efficient, personalized care in a hospital environment. It’s another specialty that is commonplace today that has arisen as a result of the restructuring of the healthcare system as a whole.
At the American Board of Physician Specialties®, we have recognized the new opportunities for the next generation of healthcare providers and have developed several Member Boards, including the American Board of Administrative Medicine® and American Board of Hospital Medicine®, to recognize the most trained and experienced physicians in North America through board certification. To learn more, contact us today. The ABPS is the official certifying body of the American Association of Physician Specialists, Inc.®