Lisa Bard Levine, MD, MBA (Associate Director of Healthcare at Navigant Consulting, Inc.) spoke about consulting opportunities for MD/MBAs. During medical school at the combined MD/MBA program, she spent more time focusing on attending careers and less on residency. Then, she selected anesthesia as her residency. She left residency and wanted to return to consulting, so she joined the Bard Group (which was acquired by Navigant Consulting).
Healthcare Consulting Spectrum for Physicians
- Physician Advisor (business development)
- Content Expert (subject matter expert)
- Strategic Consultant (integration and engagement, transformation of care, building strategy and programs)
So why consulting? Why did you go into consulting?
- To improve the systems of care delivery
- Timely opportunities and challenges
- Breadth of experience and variety
- Building relationships with clients
- Health care is a business
- New marketplace will require more seasoned MD executive functioning and knowledge of strategy and operations
- Understand the pressures facing all of the stakeholders
- Ticket to anything you love
- Prioritization: Major vs. Minor (MD vs. MBA)
- Credibility factor
- Keep an open mind (No straight path necessary for success. Take risks and face opportunities as they arise)
- Generation Y
- Listen to yourself and enjoy what you're doing
- Career progression paths in consulting?
- Strategic consulting vs. business development?
- Residency vs. no residency?