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Business of Medicine Scholarly Concentration

This concentration prepares future physicians to apply the fundamentals of business in clinical environments. As a result, students learn how to improve medical outcomes, reduce costs, and lift staff morale. Team-based consulting projects teach students to frame managerial challenges, envision new organizational solutions, evaluate tradeoffs in resources and outcomes, and implement improvements at an enterprise level.


All coursework takes place online. Scholarly project locations vary by project but focus on the Indianapolis area.

Curriculum and Timeline

Students completing the Business of Medicine concentration take the same core curriculum as students in other concentrations. Coursework in finance, accounting, marketing, operations, and economic behavior equips students to merge evidence-based management with evidence-based medicine. Students can further explore and apply business of medicine theory and skills in the concentration project and product.

Recommended Pathway

This table shows the first three topic specific courses, which should be completed during the summer between first and second year of med school. The two remaining courses, project and product, are longitudinal. The project and product should begin during phase three and conclude on or before the end of fourth year.

Students determine if a concentration pathway will fit in their schedule by contacting concentration co-directors.

Scholarly Project Topic Examples

Students work with faculty to complete a project in a relevant topic based on student interests. Students are welcome to come up with their own project idea. Potential project topics include, but are not limited to:

  • Analyze an organization’s strategic position in the marketplace and lay out a path for growth or greater impact over the next three to five years
  • Recommend potential investment decisions to help an organization create and/or capture value
  • Implement an organizational change to improve effectiveness in targeted areas
  • Analyze operational flow to improve patient care and/or resource efficiency


Students should reach out to co-directors with any questions about this concentration.

Kyle J. Anderson, PhD

Clinical Assistant Professor, Kelley School of Business

Faculty Chair, Kelley Evening MBA Program

Bio and Contact Information

59922-Katzman, Gregory

Gregory L. Katzman, MD

Service Chief, Radiology, Richard L. Roudebush VA Hospital, Professor of Radiology & Imaging Sciences, Indiana University

Bio and Contact Information


Hear from the Co-Director

Kyle Anderson, PhD, talks about what the Business of Medicine concentration offers students.