To remain in the driver’s seat is the prime objective in the face of growing cost pressure for providers in our healthcare system. Since medical decisions are constantly challenged in terms of their economic feasibility, my work as a senior resident physician working at the Universitätsmedizin Mainz goes beyond the treatment of patients.
From my personal experience, the further I get ahead with my career, the more the spotlight is put on financial management. Unfortunately, most German medical schools turn a blind eye on inculcating a basic understanding of healthcare economics. Thus, I took matters into my own hands by pursuing an MBA programme in International Healthcare.
Economics was always an attractive alternative, or rather, my bailout strategy if medicine had not worked out in my favour. However, choosing one course to study over the other always seemed to be an unfavourable compromise. As I was picking up on my research for a suitable MBA programme among the endless list of providers, I stumbled across Frankfurt School – once again.
Due to my pre-existing interest in economics, I was quite familiar with their excellent reputation. Unsurprisingly, with Frankfurt School’s MBA in International Healthcare Management, I found the most dedicated promise to what I expected from this programme. Moreover, as the programme is designed part-time, I don’t have to compromise on my duties as a clinician. Finally, I get to combine my passion in the field of medicine with economics.
“Network” and “teamwork” are two of the key terms Frankfurt School uses almost in a mantra-like fashion. Working as a clinician in a maximum-care hospital as well as a researcher with an interdisciplinary team of scientists, establishing professional contacts and building team spirits are common matters to me.
However, Frankfurt School takes these terms and their meanings to a whole different and international level. – They walk the talk and make it worth it! It is not only about studying with a hand-picked group of highly educated international students and highly qualified faculty but also about working in a variety of healthcare-related professions. In addition, having the chance to continuously work on different projects with my classmates also helped me have a deeper understanding behind the realms.
Already at the end of day one, I found myself pairing up students coming from the pharma industry, who helped me arrange much-needed cooperation for my scientific work back home.
The most exhilarating experience was going back to school! I was no stranger to studying long hours, but I was unsure how I would be able to adjust to going from work to school. This turned out to be the most challenging but rewarding experience of it all. Meeting my new classmates, soaking up the diverse culture, and getting to know everyone’s fascinating backgrounds was the highlight of Module 1.
My experience is incomplete without mentioning just how much I enjoyed Health Economics as a subject. As we progressed with the lessons, it was becoming clear how the quality of care and costs are two sides of the same coin. I would go home with my mind buzzing with the theorems and models, always looking forward to the next day’s learning.