Episode 9. Joseph Kim, MD MBA -- What you need to know about physician MBAs

Have you ever thought that you need more business knowledge? Are you considering an MBA so that you can move into the administrative or corporate world? I have thought about it for years. My guest on this episode is Dr. Joseph Kim, MD, MBA. He has served as faculty for the American Association for Physician Leadership (formerly known as the American College of Physician Executives). He has written articles for the Physician Leadership Journal (formerly known as the Physician Executive Journal). He has spoken to physician groups about the value of the MBA for healthcare professionals. Listen to this episode before you spend thousands to hundreds of thousands of dollars to get another degree. I used to think it was vital for physicians to get the MBA degree, but now with all the options for learning out there, the knowledge can be obtained without the expense. Dr Kim is right that the networking the MBA can offer is key, however most people going back for executive MBAs are not getting the same networking benefits that those who attend full time are going to get. I also have seen that many hospital executives that earned a management degree have not gone to high level programs and yet they have worked their way up, so I dont think you need to spend a lot of money to get a brand name diploma unless you want to work on wall street or at a major corporation. If you are interested in learning more about Dr. Kim and his company the website is www.drjosephkim.com his other websites include http://www.nonclinicaljobs.com/ And his most recent company q synthesis a healthcare education and implementation company. Please visit our website at www.doctormoneymatters.com I would love to discuss this topic further. You can comment on our social media sites listed below You can follow our show on: Twitter @drmoneymatters Facebook: Doctor Money Matters Instagram @doctormoneymatters I encourage healthcare professionals to join our private facebook group, Doctor Money Matters. If you enjoyed this episode please leave us positive review on Apple Podcast, Google Play, or Stitcher. Any constructive criticism or topics for future shows can be directed to comments@doctormoneymatters.com Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks again and look for our next episode coming soon.

Om Podcasten

Welcome to the Doctor Money Matters podcast. I am your host Dr. Tarang Patel, a practicing diagnostic radiologist in Phoenix, AZ. I started this podcast as a way to share knowledge about financial matters as they relate to health care professionals. We spent many years learning about the science and art of providing patient care but most of us have relatively little knowledge about reaching financial well being. I know that I had no formal training in setting up investment accounts, negotiating contracts, buying insurance, buying real estate, etc. I just learned by reading and also by making many mistakes. Health care professionals are trusted to take put their patients needs first and we in turn assume everyone in other fields work the same way. Unfortunately this is not always true. By talking about these topics, I hope we can reduce the many financial mistakes that prior generations of doctors have made. Those physicians were able to overcome these mistakes because of shorter training periods, less debt, and they were more likely to be in private practice. Today we no longer have those luxuries and many of us have significant debt burdens. The good news is that we also have access to information that the prior generation never had. A little background about me. As I said before I am a practicing radiologist in Phoenix, AZ. I went to undergrad at Indiana U. (Go Hoosiers), medical school at the Kirksville College of Osteopathic Medicine (Now AT Still Univ) in Missouri, moved east and did my radiology residency at New York Hospital-Weill Cornell Medical Center in Manhattan. I then moved west to serve my Air Force commitment at Nellis AFB in Las Vegas, NV. I then did a fellowship in Body/Musculoskeletal Imaging at Mayo Clinic Arizona. Since I finished training I have been in a hospital employed group for the last 6 years. I have always enjoyed learning about finance and have read (listened to) many of the financial books. I also spent time reading on the bogleheads.org forum which I found to be a valuable source of information. Finally I just observed that many of my colleagues and I had the same questions about relatively basic financial matters but it was difficult to find clear answers. Hopefully you find these podcasts useful. I encourage you to subscribe to them, that way you will be updated when any episodes are released automatically. Also please let your friends and colleagues know about this podcast. Please give us good feedback on iTunes, Google Play and stitcher and if you have suggestions on topics or how to improve the podcast please send your emails to comments@doctormoneymatters.com Social media links: twitter @drmoneymatters Facebook www.facebook.com/doctormoneymatters/ Please understand that this show is for entertainment and education only and you should do your own research and speak with the appropriate experts prior to making any changes in regards to material you may have heard on the show. The opinions from the guests on this show are their own and do not necessarily reflect those of the host or of Doctor Money Matters, LLC.