By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    physical health
    5 Ways Playing Games Can Improve Neural and Physical Health
    September 9, 2022
    Reasons For Hair Loss and Its Treatment
    Reasons For Hair Loss and Its Treatment
    February 16, 2022
    healthcare organization
    5 Actionable Strategies For Healthcare Organizations
    August 15, 2022
    Latest News
    Clean Your Mattress Properly to Avoid Common Health Issues
    March 29, 2023
    5 Benefits Of HIPAA-Compliant Answering Services
    March 28, 2023
    3 Ways To Deal With Health Issues In Cities With High Pollution
    March 22, 2023
    What Tools Should Your Caregiver Have?
    March 22, 2023
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    healthy budgeting tips
    Important Guidelines for Saving Money on Medications
    December 9, 2021
    Top 6 Birth Injuries That Could Occur When Giving Birth
    April 27, 2020
    importance of healthcare worker wellness
    4 Ways Healthcare Workers Can Care for Themselves
    October 27, 2021
    Latest News
    What Are Bioidentical Hormones Made With?
    March 23, 2023
    Cover Medical Costs of Child Dog Bites with Legal Specialists
    March 23, 2023
    3 Ways to Improve the U.S. Healthcare System By 2030
    March 14, 2023
    6 Steps To Ensure Speed And Efficiency Of Clinical Studies
    March 14, 2023
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Teaching Medical Students About Costs
Share
Sign In
Notification Show More
Latest News
healthy travel tips when visiting Australia
7 Essential Tips to Stay Safe and Healthy Visiting Australia
News
health risks of dirty mattress
Clean Your Mattress Properly to Avoid Common Health Issues
Health
eligble for NDIS?
Are You Eligible For NDIS? How To Apply
News
upgrade to your nursing career
4 Pertinent Ways to Upgrade Your Nursing Career
Nursing
career in nursing
8 Keys to A Fulfilling & Successful Career in Nursing
Career
Aa
Health Works CollectiveHealth Works Collective
Aa
Search
Have an existing account? Sign In
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Policy & Law > Medical Education > Teaching Medical Students About Costs
Medical Education

Teaching Medical Students About Costs

Brian Powers
Last updated: 2013/03/04 at 1:06 PM
Brian Powers
Share
5 Min Read
healthcare costs
SHARE

healthcare costs

healthcare costs

After graduating from college I had the opportunity to spend two years working at the Institute of Medicine on a variety of health care improvement topics. When it came time to apply to medical school I noticed an odd dissonance—the challenges I had been grappling with at the IOM were not manifest in most medical school curricula. I knew that multidisciplinary teams deliver the best care, but I was going to learn almost exclusively alongside fellow physicians-in-training. I had learned that deficiencies in care delivery harm patients, but neither quality nor systems improvement would be areas of focus. The inattention to health care costs was particularly glaring. Rarely a day passed at the IOM where I did not attend a meeting, read an article, or work on a report that dealt with the cost crises in health care. But these challenges, and the physician role in cost containment, were absent from most school’s curricula.

I wanted to find a school that would allow me to build on my experience at the IOM, but I found it difficult to assess the extent to which schools were committed to teaching students about cost and value. Websites and curriculum catalogues quickly blend together, but I did notice that educational objectives offered an interesting glimpse of a school’s educational ethos. Unlike the standardized core competencies of residency programs, the Liaison Committee on Medical Education (LCME) allows medical schools to develop their own core educational objectives. The lack of standardization made these objectives a convenient way to gauge a schools commitment to preparing students for contemporary challenges in health care.

More Read

Midwifery Training: The Whats and Hows of Birthing Simulators

Doctors Must Tackle Medical School Debt to Address Healthcare Costs
Tips to Pay for Your Medical Bills After a Painful Car Accident
How To Prepare For Medical School And Maximize Results
Useful Tips to Save Money on Your Health Insurance in the UAE

At the time I remember being disappointed by how few schools incorporated an understanding of health care costs and the physician role in resource stewardship into their educational objectives. Curious if these impressions were representative, I decided to take a more methodical approach and survey the educational objectives for a larger sample of medical school. What I found was unsettling. Among the top 25 research-focused medical schools, 50% include awareness of the economics and financing of health care in their educational objectives, and only 28% mention the role of physicians in cost control and resource stewardship. The picture is similar for the top 25 primary care-focused medical schools, where the results are 50% and 25%, respectively.

Acknowledging these deficiencies, leaders have recently called for better education on cost and value across the training continuum, particularly in residency training and the clinical years of medical school. But it is important to start earlier. There are two reasons this type of education should start on day one. First, it provides students with skills, knowledge, and time to grapple with the complex practical and ethical challenges of cost containment before they are in the position to make medical decisions. Students can then approach their clinical rotations with an eye towards high-value care, using practical experience on the wards to supplement and enrich a strong theoretical foundation. Second, focusing on cost and value early and often send a signal to students, and the medical community more broadly, that cost-awareness is a key competency for the modern physician. By making these issues core longitudinal themes, medical schools can build a culture of high-value care delivery among a new generation of doctors.

Resource stewardship and cost-effective care are widely endorsed as key components of physicians’ professional responsibility. As such, medical schools have an obligation to ensure that these principles are incorporated into their core educational objectives. Medical students deserve an education that will prepare them to meet the challenges of modern medicine.

image: healthcarecosts/shutterstock

Original Post

TAGGED: healthcare costs

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Brian Powers March 4, 2013
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article Neil Versel & Jonathan Bush – Much Fun Talk in NOLA HIMSS’13
Next Article HAL Mobile Health Around the Globe: Robot Power Suit From Japan Helps Patients Walk

Stay Connected

1.5k Followers Like
4.5k Followers Follow
2.8k Followers Pin
136k Subscribers Subscribe

Latest News

healthy travel tips when visiting Australia
7 Essential Tips to Stay Safe and Healthy Visiting Australia
News March 29, 2023
health risks of dirty mattress
Clean Your Mattress Properly to Avoid Common Health Issues
Health March 29, 2023
eligble for NDIS?
Are You Eligible For NDIS? How To Apply
News March 29, 2023
upgrade to your nursing career
4 Pertinent Ways to Upgrade Your Nursing Career
Nursing March 29, 2023

You Might also Like

Bioidentical Hormones
Medical Education

What Are Bioidentical Hormones Made With?

March 23, 2023
AI in healthcare education
Artificial IntelligenceMedical EducationPolicy & LawTechnology

Colleges Prove the Huge Benefits of AI in Healthcare Education

February 21, 2023
getting into medical school
Medical Education

6 Tips for Getting Into Medical School

December 28, 2022
nursing education
CareerMedical EducationNursing

Your Study Path in Nursing: Hardships in Education and How to Overcome Them

December 20, 2022
//

We influence million of users and is the most authentic source of information on healthcare business and technology news.

Quick Links

  • About
  • Contact
  • Privacy
Subscribe

Subscribe to our newsletter to get our newest articles instantly!

Follow US

© 2008-2023 HealthWorks Collective. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?