Albany Med and Union Graduate College Partner on New Joint MD/MBA Degree
ALBANY, N.Y., March 26, 2013— Recognizing the new roles physicians are playing in a rapidly changing health care system, Albany Medical College and Union Graduate College are joining forces to offer a new joint degree combining medical school with an MBA.
“Today, a traditional ‘doctor’s bag’ must carry a wider range of skills and equipment,” says Vince Verdile, M.D., dean of Albany Medical College and a Union Graduate College trustee. “From managing teams to analyzing data and financials, the evolving health care environment demands business acumen. By partnering with Union Graduate College’s School of Management, we are uniquely qualified to offer students the full range of tools they need to succeed in medicine.”
While 50 joint programs are currently offered across the country, the Albany Medical College and Union Graduate College program is one of just five MD/MBA degrees that enjoy “gold-standard” accreditations in medicine, business and healthcare management (see accreditation list below).
“Union Graduate College has a rich tradition of providing management expertise to health care professionals,” says Laura Schweitzer, PhD, President of Union Graduate College. “For future doctors, the MBA is a unique and valuable credential as they launch their careers. And armed with an understanding of the complexities of health care, they can be leaders and innovators in improving our system.”
Schweitzer says Union Graduate College first launched a MS in Health Systems Management in the 1970s. Today it is an MBA in Healthcare Management, and continues to attract physicians as well as top health care executives. Alumni include Dr. James Mandell, MD, MS’99 former dean, Albany Medical College and current CEO of Children’s Hospital Boston and Linda Weiss, MS’87, Director of the Stratton VA Medical Center in Albany.
This is the first time either school has offered a joint MD/MBA degree. Students are currently being recruited for the fall of 2014 and will be accepted at both Albany Medical College and Union Graduate College. The program allows them to complete both degrees in five years.
For more information about the new MD/MBA degree, contact Joanne Fitzgerald at Union Graduate College: (518) 631-9842 or firstname.lastname@example.org.
Currently, 571 students are pursuing medical degrees at Albany Medical College and 300 students are enrolled in Union Graduate College’s MBA and MBA in Healthcare Management programs.
Gold Standard Accreditations
The new MD/MBA degree at Albany Medical College and Union Graduate College is one of just five in the country that enjoys “gold-standard” accreditations in all of its programs:
• Medicine: Liaison Committee on Medical Education (LCME)
• Business: Association to Advance Collegiate Schools of Business (AACSB)
• Healthcare Management: Commission on Accreditation Healthcare Management Education
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