As Healthcare Becomes More Complex, Physicians are Increasingly Turning to Administrative Medicine
The Affordable Care Act has created more leadership opportunities for motivated physicians than ever before. As the healthcare industry has grown increasingly complex, many physicians are electing to pursue formal training in healthcare management, often to be better prepared to run their own practice or to be better situated to assume leadership roles as their career advances further. It wasn’t until the late 1990s that the University of California-Irvine offered the first joint M.D./M.B.A. degree, but today, it is an extremely common dual degree – and with good reason. Physicians with credentials signifying that they are experts in both the healthcare and business side of medicine have never been more in demand.
The American Board of Physician Specialties® (ABPS) developed the American Board of Administrative Medicine® in response to the important role that physician leaders have, and will continue to have, in healthcare. To be eligible to pursue board certification with the ABAM, physician candidates must have either five years of experience in an administrative position with certifiable experience pursuing additional training outlined here, or have completed a master’s degree in one of the following:
- Business administration
- Medical management
- Health administration
ABAM Diplomates are situated to meet the needs of their employers and bring their unique perspective into both patient care and business into the board room. Additionally, many physicians who oversee or manage private practices have found that it is more important than ever to be business savvy in order to ensure the long-term success and stability of their offices. In short, these doctors have the tools they need to improve healthcare across all levels.
To learn more about Administrative Medicine, and for information about eligibility requirements, contact the ABPS today. The ABPS is the official certifying body of the American Association of Physician Specialists, Inc.®.