Physician Leadership is Growing in Importance
One of the biggest changes to American healthcare in the 21st century has been the rapid growth in the need for physician leaders with business-oriented skillsets. Historically, physicians have been able to focus the lion’s share of their time on patient care, worrying less about day-to-day management and more about ensuring that their patients were as healthy as possible. However, as the healthcare sector has increasingly centralized and competition grown fierce, it is critical that physicians in leadership positions have the formal training needed to manage their private practices, hospitals, and even large healthcare organizations.
At the American Board of Physician Specialties® (ABPS), we recognize the growing importance of physicians having not only extensive medical training but also significant expertise in the business side of medicine. As a result, we developed the American Board of Administrative Medicine® (ABAM) – the nation’s first board dedicated solely to providing board certification in administrative medicine. For generations, board certification has been the single most trusted indicator of a physician’s expertise, and we are pleased to provide this same standard of recognition to physicians with extensive business experience.
What It Takes to Earn Board Certification With the ABAM
To be eligible, physician candidates must meet all of the ABPS eligibility requirements, which include:
- Being in conformity with the Code of Ethics of the ABPS, being known in the community as an ethical member of the profession, and being an active practitioner in the specialty for which you’re seeking certification
- Having graduated from a recognized U.S., Canadian, or international allopathic or osteopathic college of medicine. International graduates must also hold a valid Educational Commission for Foreign Medical Graduates (ECFMG) Certificate.
- Holding a valid and unrestricted license(s) to practice medicine in the United States, U.S. territories, or Canada.
Candidates for ABAM certification must also have one of the following:
- A master’s degree in business administration, health administration, medical administration, or another advanced degree in healthcare management/administration
- At least five years of cumulative experience in an administrative position that includes additional training in management-related functions consistent with core competencies outlined in the exam blueprint
- Healthcare management certification that includes the Certified Physician Executive (CPE) or American College of Healthcare Executives (FACHE) certifications
- At least two years of cumulative experience in an administrative position and currently enrolled in a master’s program in Business Administration, Medical Management, Health Administration, or another advanced degree in healthcare management/administration
After applicants are deemed eligible, they must pass a computer-based written exam in order to earn board certification in administrative medicine. You can find information about dates and fees for the application and the exam here.
Once granted, all ABPS certificates are good for eight years, expiring on December 31st of the eighth year.
ABAM Certification Recognizes Your Business Experience
As the delivery model of healthcare has grown increasingly complex in the 21st century, healthcare organizations have begun to recognize the need for physician leaders who are not only excellent doctors but also have the skillset necessary to manage daily operations, oversee future growth, and navigate changes in healthcare policy.
At the ABAM, we provide an opportunity for physician leaders to have their business experience recognized. Our Diplomates are part of a community of fellow physician leaders who share career opportunities, collaborate on best practices, and work together to help steer forward the healthcare sector as a whole. To learn more, contact us today.