Jack of Orthopaedic Surgery, Master of Business

Douglas W. Lundy, MD, MBA, FACS

I know a physician with four degrees who says that the physician with only two degrees is an impaired physician. Although this may not be an accurate assessment, it does raise the question: “How useful are advanced degrees outside of medicine to orthopaedic surgeons in their daily practices?”

In my opinion, having an advanced degree in business is very valuable. When I was tapped to become the next copresident of a large orthopaedic practice, I understood that I had a fiduciary duty to excel for my physician partners, our staff, and the many patients that we care for on a daily basis. Although I was experienced in many administrative areas, I felt I needed a more structured and deeper understanding of how to actually run a business.

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