A paper co-authored by Cameron University School of Business graduate student Jeremy Phelps, M.D. of Albuquerque, NM, who is pursuing a Master of Business Administration degree through CU's online program, has been accepted for presentation at the 78th annual meeting of the American Association of Neurological Surgeons (AANS). Dr. Phelps, chief resident in the Department of Neurosurgery at the University of New Mexico (UNM) Health Sciences Center, co-authored "An Evaluation of Institution-Centered Value Creation in Academic Medical Departments" with Drs. Benjamin Hoffman and Hoan Tran of the UNM School of Medicine and CU School of Business marketing associate professor Dr. Derik Steyn.
"Dr. Phelps is at once inspired as well as inspiring," says Steyn. "By taking on an MBA while at the same time serving as Chief Resident Neurosurgeon speaks about an inspired individual who not only wants to achieve in his field of specialization but also wants to contribute to improved management of his profession. Other students can take inspiration from Dr. Phelps' achievements by learning that success requires dedication, commitment and application of themselves and their resources."
The paper deals with the issue of creating value in academic medical departments in the setting of both decreased reimbursement and funding. The authors maintain that certain factors drive the value of academic medical departments. As value is created, departments are able to continue their unique missions, which include patient care, research, education, and leadership. The authors maintain that a thoughtful evaluation of the strengths and weaknesses of the department coupled with an understanding of the specific goals of the parent institution allow the proper allocation of resources for maximizing the department's value. They suggest several specific methods that may be utilized to increase a department's value and provide a model of value creation for academic departments.
The AANS is a scientific and educational association dedicated to advancing the specialty of neurological surgery in order to provide the highest quality of neurosurgical care to the public. The society was founded in 1931 and currently has over 7,600 members worldwide.
November 18, 2009