Many clinicians tend to underestimate their business acumen, particularly those in private practice or larger administrative roles in big organizations. However, it's important to recognize the valuable skills and experience gained from managing people, understanding business, and working with budgets.
For instance, I built out the cardiology department in my private practice clinic, which was part of an umbrella organization with primary care and other specialties. Additionally, I sat on the board and helped run the organization for five years. This experience provided me with a wealth of knowledge that didn't require an MBA but proved to be invaluable in understanding business operations.
As healthcare professionals, we need to recognize the business side of healthcare and its impact on patient care. It's crucial to be able to balance the needs of the business with the needs of the patients to ensure quality care.
Let's work together to advocate for healthcare professionals' business education and create a more business-savvy healthcare system.
#HealthcareManagement #BusinessAcumen #PrivatePractice #AdministrativeRoles #PatientCare #Budgeting
Jay Shah is a cardiologist and health care executive.
Link in bio or visit kevinmd.com/podcast
SUBSCRIBE TO THE PODCAST → https://www.kevinmd.com/podcast
RATE AND REVIEW → https://www.kevinmd.com/rate
FOLLOW ON INSTAGRAM → https://www.instagram.com/kevinphomd
FOLLOW ON TIKTOK → https://www.tiktok.com/@kevinphomd
