The Business of Healthcare: Preparing Students to Tackle a Challenging Industry

Authored

Authored

Shaan Patel’s path to business school was a little different than most. With three years of medical school under his belt, the Las Vegas native traded the University of Southern California (USC) for Yale School of Management (SOM), where he’ll complete his MBA before returning to USC for his final year of med school.

“As a medical student, I wanted to learn more about healthcare management,” he says. Yale SOM has been great, he continues, offering plenty of healthcare electives as well as opportunities to collaborate with the Yale School of Medicine. “One of the problems with medical school is that you become so focused on the pathophysiology of disease and clinical medicine that there’s not much exposure to the business side of medicine, healthcare administration, insurance,” he says. One Yale SOM class in particular—“Healthcare, Economics, Finance and Policy”—helped him learn about things like Medicare, Medicaid and the roles played by pharmaceutical and insurance companies. “Most medical students have to learn those things on the job after they are in practice,” Patel notes. Read More...