Why This Anesthesiologist Got an MBA

Abstract

Residents' Review| May 2022 Why This Anesthesiologist Got an MBA Mario Flores, MD, MBA Mario Flores, MD, MBA Search for other works by this author on: This Site PubMed Google Scholar ASA Monitor May 2022, Vol. 86, 41. https://doi.org/10.1097/01.ASM.0000830876.04553.42 Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Share Icon Share Facebook Twitter LinkedIn MailTo Cite Icon Cite Get Permissions Search Site Citation Mario Flores; Why This Anesthesiologist Got an MBA. ASA Monitor 2022; 86:41 doi: https://doi.org/10.1097/01.ASM.0000830876.04553.42 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu toolbar search search input Search input auto suggest filter your search All ContentAll PublicationsASA Monitor Search Advanced Search Topics: credentialing, income, internship and residency, leadership, literacy, medical residencies, negotiating, intensive care unit, employer, schools, medical Recent events in medicine and anesthesia highlight the demand for physicians – including anesthesiologists – with business competence and savvy. Obtaining a Master of Business Administration (MBA) degree is one avenue physicians can take to make themselves more business literate in the field of medicine and in anesthesia specifically. During the peak of the COVID-19 pandemic, many hospitals and surgery centers cancelled elective surgery. Depending on the scope, organization, and structure of the anesthesia practice, much of the incoming revenue was dependent upon these procedures. Without elective surgery, anesthesia groups had difficult decisions to make with regard to staffing, compensation, and scope of practice (Anesth Analg 2020;131:112-6; Front Med (Lausanne) 2020;7:452). While some practices had emergency funds to address this, others had to resort to laying off employees or negotiating large pay cuts. Some practices, however, reinvented themselves. As elective case demand dropped to near zero, ICU... You do not currently have access to this content.