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Chapter 7 – Part 1 Health economics
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Medical education, organization, and business practice
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Medical Education What do you need to get in? High GPA
High MCAT scores 4-year degree Accredited college In-state or out of state
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39% MCG-GRU HARVARD MIDWESTERN # applicants 2,384 5,435 -- Acceptance rate 9% 3% ~10% GPA 3.7 3.8 3.51 Science GP 3.64 3.46 MCAT 30.47 36.04 28
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Additional statistics
MCG 69% science degrees** 37% women 95% in-state Harvard 9.7% advanced degrees** 47% women 18% minority Midwestern 33% female 24 = average age
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Getting into school Application = $160 + $32 1st round = transcripts
2nd round = interview Pay/Fit
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How many schools? 141 MD 30 DO Best schools? Harvard University
Stanford University Johns Hopkins University U of Cali – San Francisco University of Pennsylvania
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Education/Training Medical school Resident (50K) Fellowship
Medical student = 3 years Intern = 1 year Resident (50K) 3 years = internal medicine 5 years = surgery 8 years = neurosurgery Fellowship 1-3 years Cost of medical school Debt = 175K
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Getting to your license/certificate
Graduate from school Complete your residency Get your license Medical license (state/government) Examination = $275 Transcripts Postgraduate training Board certification Examination $1,365+
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