"MD/MBA residents at Duke experience the universe of health system operations in a way that typically is reserved for senior leadership. We expect them to combine the problem-solving skills from their clinical training with their graduate management education and blend these in ways that will provide innovate solutions to a variety of management projects." — William J. Fulkerson Jr., MD, MBA '02, Executive Vice President, Duke University Health System
Healthcare and business are increasingly interconnected. While hospital administrators obviously need a strong medical and business background, it is the physicians who are increasingly confronted with complex business decisions. Should we send a patient to physical therapy before ordering an MRI? Can we absorb the cost of a new machine for the hospital? Will insurance cover a given treatment? Can a patient afford their medicines? How will I grow my medical practice? These are all common questions for any practicing doctor.
Whether the goal is to become a clinical practitioner, or to hold a management position at a hospital, pharmaceutical company, insurance company or biotech company, knowing the financial incentives in each industry, in tandem with the flow of money in healthcare, is fundamental to understanding today's healthcare system. And given that healthcare is in flux, those with strong medical and business knowledge will be prepared to change it for the better.
Why Duke MD/MBA?
With medical and business schools both ranked in the top 10, Duke offers a truly impressive MD/MBA degree program. It provides hands-on training—a characteristic that is truly unique to this type of joint program. Located in Durham with Duke University's Medical Center and close proximity to Research Triangle Park, you have access to some of the most cutting-edge research and industry knowledge.
Duke's medical school program requires a research component, which can be fulfilled by engaging in health policy research, outcomes research, or basic science, which allows for greater program customization. The MD/MBA degree program also has a first-of-its-kind MBA-like rotational residency, Duke's Management and Leadership Pathway. Over 15-18 months, you get rigorous clinical exposure along with mentorship and rotational opportunities in management to develop critical leadership and management skills in all facets of medicine, including care delivery, research, and education. The program was developed to keep MD/MBA graduates within the health care field, and to create future physician-executives. Duke also has the benefit of being located within the Research Triangle Park area, where pharmaceutical companies, insurers, health systems and biotech companies are present.
Fuqua is also a world leader in tailoring business education to the healthcare sector with the Health Sector Management (HSM) program. HSM Students have access to the Health Sector Management research center, with an impressive research staff who often work closely with executives from leading healthcare companies.
Note: MD/MBA students are fully enrolled at both schools and have the same support and resources as any other MD or MBA student.