To address the leadership needs of a rapidly changing healthcare system, Indiana University Kelley School of Business has launched the “Business of Medicine MBA” to prepare practicing physicians nationwide to assume unprecedented management roles.
The specialized two-year program will begin in September 2013, delivered as a hybrid – 50 percent online, 50 percent through weekends in residence. This approach recognizes the demands on physicians’ time. By combining residential and online experiences, students receive the professional interaction central to a full MBA experience, while ensuring the program is accessible to physicians anywhere in the U.S.
The new degree incorporates a curriculum similar to the Kelley School’s full- and part-time programs with the addition of specialized courses and electives. The curriculum centers on six healthcare themes – collaboration, innovation, analytics, transformation, optimization and sustainability – that address new types of clinical leadership and new business models.
“Our Business of Medicine MBA bridges what has been the traditional divide between management and physicians on the front lines of care,” says Idalene Kesner, interim dean of the Kelley School of Business.
“With this degree, physician leaders will emerge with the full skillset to transform individual institutions, the broad healthcare field and, most important, patient outcomes.”
The program will be taught by the Kelley School faculty, including those from the school’s Center for the Business of Life Sciences. Kelley Direct, Kelley Executive Partners – the Kelley School’s executive education arm – and Kelley’s part-time MBA program are all involved. Program participants will maximize the use of mobile technology in the learning experience, and industry executives will provide complementary lectures and cases, drawing on timely situations relatable to the physician cohort’s experiences.
“We believe this MBA stands apart not only for its curriculum but also in its uniting of physicians, professors and industry executives who are dedicated to tackling thorny issues in the nation’s biggest industry,” says Vicki Smith-Daniels, professor of operations and supply chain management at Kelley and chairperson of emerging graduate programs. “We have been thoughtful and deliberate in creating this program because patients depend on us getting it right.”
Information sessions will be held during April and May; the application deadline for the first class is July 1, 2013. Complete information can be found at the Kelley Business of Medicine MBA website.