Recent events in medicine and anesthesia highlight the demand for physicians – including anesthesiologists – with business competence and savvy. Obtaining a Master of Business Administration (MBA) degree is one avenue physicians can take to make themselves more business literate in the field of medicine and in anesthesia specifically.

During the peak of the COVID-19 pandemic, many hospitals and surgery centers cancelled elective surgery. Depending on the scope, organization, and structure of the anesthesia practice, much of the incoming revenue was dependent upon these procedures. Without elective surgery, anesthesia groups had difficult decisions to make with regard to staffing, compensation, and scope of practice (Anesth Analg 2020;131:112-6; Front Med (Lausanne) 2020;7:452). While some practices had emergency funds to address this, others had to resort to laying off employees or negotiating large pay cuts. Some practices, however, reinvented themselves. As elective case demand dropped to near zero, ICU...

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