Kelley School of Business Partnership Programs

Physicians for the Future

As academic health centers grow into larger and more complex systems, physician leaders must be able to confront and execute a more comprehensive array of business decisions than ever before. In response to this growing demand for greater business acumen, IU School of Medicine partnered with IU Kelley School of Business to provide leadership development programs.

These programs optimize extensive medical expertise with insight into business and leadership as they relate to health care for faculty. Programs include a variety of educational opportunities, such as introductory business skills, a six-credit graduate course for those in leadership roles, and even potential sponsorship to complete the two-year Kelley Physician MBA Program, a degree specifically designed for physician leaders.

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There is one application for the Kelley School of Business Partnership Programs.

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More is expected of today’s physicians than ever before, and much of the business acumen required to lead isn’t traditionally taught in medical school. Through this new partnership with the Kelley Business School, IU School of Medicine is bridging that learning gap by equipping faculty with a greater understanding of the business aspects of medicine. The outcomes will improve patient care and system efficiency while also creating a pipeline of future physician leaders.

Jay L. Hess, MD, PhD, MHSA

Dean of the School of Medicine

Curriculum

These programs are open to any IU School of Medicine faculty member interested in leadership and gaining greater business skills. Courses are taught on campus and online through the Kelley School of Business, the only top-ranked school to create an MBA specifically designed for physicians.

Business of Medicine Leadership Program (BMLP) – This six-month program is designed to provide our emerging clinical faculty leaders with a professional development opportunity that increases business acumen, leadership skills and expertise.

Physician Leadership Course in Business Acumen – This six-month (six credit hours) program is targeted to physicians and scientists in clinical leadership positions (e.g. residency and fellowship program directors, vice chairs) and promising future leaders. The program content will be highly applied with cases drawn from our enterprise environment and is strongly supported by Dean Hess.

The Evans Fellowship in Health Care Leadership provides full-ride tuition for the Physician MBA Program, plus various leadership development opportunities.

The curriculum in these programs is as rigorous as any Kelley School of Business coursework, focusing on solving healthcare challenges. Traditional business topics, such as finance, accounting, economics and operations, are viewed through medicine, so each lesson is directly applicable to faculty. Physicians will find comfort in studying the business of medicine alongside colleagues who speak the same language and face the same challenges.

Kelley faculty have spent years crafting and delivering courses that are relevant and applicable to physicians. They understand how to provide thoughtful leadership at the intersection of business and medicine. These programs give IU School of Medicine faculty the advanced business knowledge, management tools and leadership skills to be a change agent, while driving innovation and transforming the future of health care.

Christopher O.L.H. Porter

Kelley Business of Medicine MBA Program chair and One America Foundation Endowed Chair

Networking and Leadership Opportunities

Alumni of Kelley’s physician-only programs say that peer learning and expanding their network of physician colleagues are among the most significant takeaways from these courses. To earn a leadership position or create a broader impact in a faculty role, physicians must understand how to work cohesively with others, manage their strengths and weaknesses and properly align themselves for the positions they seek. In addition, these programs provide unique insight into how physicians can leverage skills in management, leadership, negotiations and process improvement to earn a seat at the table when healthcare business decisions are made.

Successful Outcomes

Faculty who complete these programs gain an understanding of the other side of health care, the one beyond the exam room, laboratory or grand rounds. Faculty in these programs acquire new knowledge and skills in a positive learning environment.

CME and Program Funding

Faculty may fund enrollment in these programs through tuition remission, CME or professional development funds, or school and department funding. Continuing Medical Education (CME) credits are awarded for every hour you spend in class sessions. CME credits are administered through the Division of Continuing Education for Healthcare Professionals.