18: Leveraging the MBA for career advancement
Thanks for joining me. My guest today is Drew Albano, DO, MBA, FAAFP. Drew has expertise in medical staff affairs, healthcare quality, clinical operations, graduate medical education, and research. Drew will be sharing his experience of transitioning to healthcare administration. He and I discuss why he was motivated to pursue an MBA (Master of Business Administration) and the interesting opportunity he had to explore a business startup during his MBA capstone project.
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“As physicians, we can speak using medical jargon and universally understand each other and be able to succinctly transfer information. On the administrative or on the business side of it, the language is there, too. It’s just not the language we’re accustomed to because we didn’t learn it going through medical training and medical school. The MBA helped me to better understand healthcare finance and the importance of soft skills.”
Show Highlights:
- Drew’s diverse set of roles including administration and clinical (teaching).
- The impact on communities after the merger of the health systems to form Prisma Health.
- Challenges in receiving care during the COVID-19 pandemic.
- Drew’s transition to healthcare administration and a leadership role.
- The motivating factor for pursuing an MBA (Master of Business Administration) while working as a medical director.
- The most surprising thing that Drew learned while getting his MBA.
- The difference between management and leadership.
- Opportunity to start up a business (smartphone app for healthcare at home service) during the MBA program.
- The importance of mentorship and how Dr. Shawn Cannon supported him.
- Saria Saccocio’s advice for Drew on how to strengthen his leadership skills (including communication).
- The importance of volunteering and giving back to the community.
About me:
I’m an experienced physician executive with over 30 years of clinical and administrative experience in various healthcare settings. I’m passionate about coaching and mentoring physicians interested in transitioning to full time or part time non-clinical roles either within the healthcare industry or external to healthcare. I have served as a COO for an emergency medicine management company, CMO for several hospitals, Vice-president of ambulatory quality for a large multispecialty medical group, Vice-president of system quality and safety for a multi-hospital system, along with numerous medical staff positions and other administrative roles.
Connect with me:
Website: https://physiciansbeyondthebedside.com/
Facebook: https://www.facebook.com/NormMD.BTB
Twitter: https://twitter.com/beyondbedside
YouTube: https://www.youtube.com/channel/UCMVkvrQa3LULExRtPNvkkuw
LinkedIn: https://www.linkedin.com/in/nchapinmd/
Instagram: https://www.instagram.com/ubeyondthebedside/
Additional Resources:
07: How to determine if the MBA is right for you
08: Interview with Dr. Saria Saccocio
50 Best Online MBA’s for Physicians
Best Online MBA Programs for Physicians
Top Executive MBA Programs for Physicians – Healthcare Management
Physician Executive MBA Haslam College of Business University of Tennessee
Auburn University Physicians Executive MBA Program
University of South Carolina School of Medicine Greenville
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