Business of Medicine Scholarly Concentration

This concentration prepares future physicians to apply the fundamentals of business in clinical environments. As a result, students learn how to improve medical outcomes, reduce costs and lift staff morale. Team-based consulting projects teach students to frame managerial challenges, envision new organizational solutions, evaluate tradeoffs in resources and outcomes, and implement improvements at an enterprise level.

Locations

All coursework (except the online Fundamentals of Research and Scholarship course) takes place in Indianapolis. Scholarly project locations vary by project but focus on Indianapolis and Bloomington areas.

Curriculum and Timeline

Students completing the Business of Medicine concentration take the same core curriculum as students in other concentrations. Coursework in finance, accounting, marketing, operations and economic behavior equips students to merge evidence-based management with evidence-based medicine. Students can further explore and apply business of medicine theory and skills in the concentration project and product.

Students work with faculty to complete a project in a relevant topic based on student interests. Students are welcome to come up with their own project idea. Potential project topics include, but are not limited to:

• Analyze an organization’s strategic position in the marketplace and lay out a path for growth or greater impact over the next three to five years
• Recommend potential investment decisions to help an organization create and/or capture value
• Implement an organizational change to improve effectiveness in targeted areas
• Analyze operational flow to improve patient care and/or resource efficiency