G. David Leveaux is an emergency physician.
My father wanted me to get an MBA from the Harvard Business School, but I wanted to be a doctor, so I am more attuned to the MBA’s excellence in many areas but differences in ethical principles from medicine. Nowhere does maximizing returns for stockholders or returns for nonprofits also include the principles of beneficence and nonmaleficence for our patients. But this principle is foundational in medicine and has been …
Particularly over the last 10 to 20 years, medical care has been vertically integrated so that many of us—most of us—are now working for larger health conglomerates. As part of this transition, more and more of our management is professional, with MBAs or their health care equivalent, running our working environments and collecting our billings from which they generate our salaries.
The Economist, a British journal, tells us that in 2022, …
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