Web-Based Curriculum Improves Residents' Knowledge of Health Care Business

Hauge, Linnea S.; Frischknecht, Adam C.; Gauger, Paul G.; Hirshfield, Laura E.; Harkins, Deborah; Butz, David A.; Taheri, Paul A.

doi:10.1016/j.jamcollsurg.2010.07.011

Cited by 22 publications

(8 citation statements)

References 11 publications

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“…Several small, single-site studies have described assessment of financial knowledge or implementation of financial education for healthcare trainees 26 - 31 Dhaliwal and colleagues found that a short, 90-minute seminar on personal finance led to a change in the types of investment chosen for medical residents’ retirement funds, demonstrating the potential for considerable impact from small interventions. 32 Financial-literacy interventions in other fields have demonstrated the ability to improve financial decision-making and perceived well-being.…”

Section: Discussionmentioning

confidence: 99%

An assessment of residents’ and fellows’ personal finance literacy: an unmet medical education need

et al. 2017

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ObjectivesThis study aimed to assess residents’ and fellows’ knowledge of finance principles that may affect their personal financial health. MethodsA cross-sectional, anonymous, web-based survey was administered to a convenience sample of residents and fellows at two academic medical centers. Respondents answered 20 questions on personal finance and 28 questions about their own financial planning, attitudes, and debt. Questions regarding satisfaction with one’s financial condition and investment-risk tolerance used a 10-point Likert scale (1=lowest, 10=highest). Of 2,010 trainees, 422 (21%) responded (median age 30 years; interquartile range, 28-33). ResultsThe mean quiz score was 52.0% (SD = 19.1). Of 299 (71%) respondents with student loan debt, 144 (48%) owed over $200,000. Many respondents had other debt, including 86 (21%) with credit card debt. Of 262 respondents with retirement savings, 142 (52%) had saved less than $25,000. Respondents’ mean satisfaction with their current personal financial condition was 4.8 (SD = 2.5) and investment-risk tolerance was 5.3 (SD = 2.3). Indebted trainees reported lower satisfaction than trainees without debt (4.4 vs. 6.2, F (1,419) = 41.57, p < .001). Knowledge was moderately correlated with investment-risk tolerance (r=0.41, p < .001), and weakly correlated with satisfaction with financial status (r=0.23, p < .001). ConclusionsResidents and fellows had low financial literacy and investment-risk tolerance, high debt, and deficits in their financial preparedness. Adding personal financial education to the medical education curriculum would benefit trainees. Providing education in areas such as budgeting, estate planning, investment strategies, and retirement planning early in training can offer significant long-term benefits.

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Section: Discussionmentioning

confidence: 99%

An assessment of residents’ and fellows’ personal finance literacy: an unmet medical education need

et al. 2017

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“…MDContent, available on the Surgical Council for Resident Education web portal, has been demonstrated to increase knowledge of residents on business of health care principles and concepts. 18 This online curricular content covers the ''Systems Based Practice'' competency and includes such topics as operations management, physicians reimbursement, medical liability, and negotiations and physician contracting. (www.…”

Section: Discussionmentioning

confidence: 99%

Practice administration training needs of recent general surgery graduates

Klingensmith

Cogbill

Samonte

et al. 2015

Surgery

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“…Given the increased emphasis of electric medical records and efforts to digitize information for quicker and easier retrieval [ 1 - 2 ], the need has never been more pressing. Furthermore, for medical program graduates to promote their practice, they will need to be relatively savvy with IT for marketing and management or administration purposes [ 3 - 4 ].…”

Section: Introductionmentioning

confidence: 99%

Students' Perceptions of and Experiences With Educational Technology: A Survey

Royal

Hedgpeth²,

McWhorter³

2016

JMIR Medical Education

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BackgroundIt is generally assumed that incoming students in medical education programs will be better equipped for the “digital age” given their younger age and an educational upbringing in which technology was seemingly omnipresent. In particular, many assume that today's medical students are more likely to hold positive attitudes and increased comfortability with technology and possess greater information technology (IT) skills.ObjectiveThe purpose of this study was to compare responses of incoming veterinary medical students to a series of IT-related questions contained in a common questionnaire over the course of a 10-year period (2005-2015) to discern whether students’ attitudes have improved and uses and comfortability with technology have increased as anticipated.MethodsA survey measuring attitudes and preferences, computing experience, and technology ownership was administered each year for the past 10 years to incoming veterinary medical students at a large veterinary school in the United States. Students' responses to survey items were compared at 3 data points (2005, 2010, and 2015).ResultsToday's incoming veterinary medical students tend to indicate the same desire to improve skills using spreadsheets and web page design as incoming students from 10 years ago. It seems that despite technological advances and increased exposure to such applications and skills, there remains a challenge for students to “keep up” with the ever evolving technology. Moreover, although students continue to report they are very comfortable with using a computer (and related devices), many use their computers as typewriters or word processors, as opposed to a means for performing more advanced computing functions.ConclusionsIn general, today's medical students are not expert computer users as many assume. Despite an upbringing in a digitized world, many students still lack many basic computing skills.

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Web-Based Curriculum Improves Residents' Knowledge of Health Care Business

Cited by 22 publications

References 11 publications

An assessment of residents’ and fellows’ personal finance literacy: an unmet medical education need

An assessment of residents’ and fellows’ personal finance literacy: an unmet medical education need

Practice administration training needs of recent general surgery graduates

Students' Perceptions of and Experiences With Educational Technology: A Survey

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