Residency training programs need to add business education

By James M. Saucedo, MD, MBA, and Lalit Puri, MD, MBA

Survey shows support among residents

As the delivery of health care becomes increasingly complex, physicians are expected not only to adapt to declining reimbursements and rising costs, but to maintain leadership roles as well. Unfortunately, physicians rarely, if ever, receive formal instruction in business principles as part of their medical training, even though they see, on a daily basis, the effects of policy on individual patients.

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