Regional hospital system to launch business administration fellowship

In its continuing efforts to educate the next generation of physician leaders, Geisinger will introduce a new fellowship program focused on the intersection of business administration and healthcare. The Geisinger Medical Student Business Fellowship will provide medical students with a demonstrated interest in healthcare administration the opportunity to work alongside executive leaders during their summer recess from medical school, a news release said. The program, which will debut in Summer 2018, is open to all students who are actively enrolled in medical school.

“This program is the latest example of our commitment to medical education that prepares the doctors of tomorrow to succeed in the changing, dynamic healthcare landscape,” Dr. David T. Feinberg, Geisinger president and CEO, said, according to the news release.

Today, many U.S. medical schools offer combined MD/MBA programs, with many more being added each year. The focus of the Geisinger program will be to give the selected medical students real-world exposure to the day-to-day operations within a fully integrated, innovative healthcare organization. It will give them the opportunity to work on Geisinger projects that are aimed at improving care, reducing costs, increasing efficiency and understanding and tackling social determinants of health.

The program will expose participants to various mentors from Geisinger executive leaders and senior administration for an 8 to 12 week period.

“We want to give interested students the chance to see what it takes for a world-class healthcare provider to succeed. The nexus between the ability to provide high-quality, value-driven medical care to the largest number of people and the financial and business realities of healthcare in the 21st Century has never been more crucial,” Dr. Jaewon Ryu, Geisinger’s executive vice president and chief medical officer, said, according to the news release.

The application process for the Geisinger Medical Student Business Fellowship will open Sept. 18. The deadline for submission is Jan. 7, 2018. Select candidates will be interviewed beginning in September with decisions set for Feb. 7, 2018, and the new program will begin in June 2018. Interested students can apply by sending an updated resume, cover letter, and one paragraph describing interest in the program to businessfellowship@geisinger.edu. More information about the program can be found here: https://www.geisinger.org/sites/medical-student-business-fellowship.

Geisinger is an integrated health services organization widely recognized for its innovative use of the electronic health record and the development of innovative care delivery models such as ProvenHealth Navigator, ProvenCare and ProvenExperience.

As one of the nation’s largest health service organizations, Geisinger serves more than 3 million residents throughout 45 counties in central, south-central and northeast Pennsylvania, and also in southern New Jersey at AtlantiCare, a Malcolm Baldrige National Quality Award recipient, the news release said. In 2017, the Geisinger Commonwealth School of Medicine became the newest member of the Geisinger Family.

The physician-led system is comprised of about 30,000 employees, including nearly 1,600 employed physicians, 13 hospital campuses, two research centers, and a 551,000-member health plan, all of which leverage an estimated $10.5 billion positive impact on the Pennsylvania and New Jersey economies. Geisinger, the news release said, has repeatedly garnered national accolades for integration, quality and service.