Medicine isn’t just about saving lives. At their heart, medical practices, hospitals and clinics are all businesses like any other. They all need to make money to stay open and as such, you can rise through the ranks of a medical business until you’re at the head of table.
How do you do this?
1. Buy In
If you have the money, it is possible to buy your way into a medical practice. You probably won’t be able to buy complete control of the place, but you will be able to get your foot in the door. You will have at least some creative control over decisions that the board makes. Getting a buyer’s pass into a hospital isn’t cheap though and you’ll be looking at a few million at least.
2. Make Yourself Invaluable
If you want to be in control, you need to think about making yourself invaluable. Essentially, you need administration skills that show, while understanding medicine you also have business sense. To do this, you will need to think about taking some courses and building up your knowledge.
3. Know What Role You Want
Once you have your masters in administration, you need to think about what role you’re hoping to fill. There are a few to choose from whether you are interested in becoming a financial administrator or a chief medical officer, the choice is yours. Each role requires a certain set of skills. You can have a look at what will be required of you in the infographic below.
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