This article covers the main purposes, similarities, and differences between the various masters-level degrees in healthcare management.
Medical journalism careers involve communicating health information and news to the general public, and can include a variety of industries.
For those seeking a change in pace from the rigors of patient care, but who like the intellectual stimulation and teaching aspect of medicine, may enjoy positions in health and medical education.
There are plentiful opportunities in management consulting for physicians. It’s notoriously difficult to be hired as a management consultant at one of the “big 3” consulting firms – McKinsey, BCG, and Bain. There are several programs to consider that are run by these firms, which are designed to give potential applicants a taste of what a career in consulting is like, but also to assist with recruitment and identifying applicants who merit an interview.
Those who love to give advice to others or enjoy being up in front of an audience can look into career options in coaching and public speaking. Healthcare professionals with a particular area of interest or expertise have a great background for this.
Business savvy physicians who have a general interest in influencing medicine from a more global scale may be interested in working in business consulting or practice management positions. There are a number of global firms working to improve healthcare that seek to hire physicians to serve as consultants to their clients.
We all feel fulfillment from different types of work. There is an overarching perception that doctors help individual patients, and in medical school we are taught how to treat individual patients. However, there truly is so much more to medicine.
Physicians with great financial management skills, an eye for the next great investment, and an interest in consulting may enjoy one of the many ways they can provide financial consulting. Venture capitalism (or another form of financial consulting) can prove to be a great move for physicians looking to make a career shift or supplement their income.
Physicians with an interest in legal justice may find providing expert medical opinion or advising a legal team for case preparation to be quite rewarding. Many simply find it to be a great way to supplement a clinical career.
As healthcare institutions continue to grow and the landscape of medicine continues to evolve, there is an increasing need for physician leaders in healthcare administration. Physicians have the insight of working within the system and know the unique challenges that clinicians face in providing care to their patients.
Utilization management physicians assist the healthcare system with preventing overuse of medical resources and keep healthcare costs down. They generally work with health insurers to review pre-authorization requests or review claims submitted by physicians.
Being a physician advisor for a clinical documentation improvement programs provider can be a great opportunity if you enjoy teaching and want a break or a change from traditional clinical medicine.
Physicians, particularly those with public health, global health, healthcare administration, or business backgrounds may find that there is no shortage of positions in nonprofits around the world that could benefit from physician knowledge and training.
Physicians or medical professionals with a strong interest in preventive health and working to improve patient health on a larger scale may enjoy a position in public health. By working at the population versus the individual patient level, physicians can help research and enact public health programming that will affect the health of the general public.
Many jobs in medicine bring on the question of physician employee vs independent contractor. For those working as consultants or with alternative work arrangements, it’s important to understand the differences between various work arrangements.
Although many physicians may dread the bureaucracy, political maneuvering, and protocols involved in government work, it is incredibly important that physicians have a say in the legislation that affects the health of the citizens of the United States, whether nationally or on a local scale.
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