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Beyond Residency offers practical, no-nonsense advice about the
business and economics of being a medical doctor. Used as a
textbook in the Business of Medicine Course at East Carolina
University's Brody School of Medicine, this edition is designed to
work more broadly for other institutions teaching business of
medicine courses and for new physicians starting out in practice.
Recalling his days in medical school, Marc Lyles, senior director
of health care affairs for the Association of American Medical
Colleges said, ""Whenever we asked a business question we were
always told, 'Don't worry about that. You need to learn the medical
side before you worry about the business side.'"" He states that
between 2003 and 2007, the majority of students were satisfied with
their medical and clinical training. However, less than half felt
that enough time was devoted to the practice of medicine,
especially to medical economics. The Brody School of Medicine
addresses that discrepancy, offering its Business of Medicine
Course as a fourth-year elective and as a postgraduate class for
students in the Department of Physical Medicine and Rehabilitation.
Topics addressed include time value of money, contracts, RVUs,
disability and life insurance, and investment plans such as
traditional IRAs and Roth IRAs. In 2015, the Business of Medicine
Course received a positive score of 4.68/5 (94%) for its value to
medical students, and Beyond Residency received a score of 3.89/4
(97%) for its effectiveness in teaching students the business of
medicine. Beyond Residency helps students to understand important
yet under-explored areas that will impact them as practicing
physicians.
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