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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (55747)	6/29/2000 12:32:00 PM
From: Tunica Albuginea	Respond to of 99985

OT Jon Tara, got to go now; get my MBA degree; We'll pick it up later :-) TA Barron's OnLine, June 5, 2000 Side Effects interactive.wsj.com There's a Doctor in the House, But He's Busy Day-Trading EDITED BY ROBIN GOLDWYN BLUMENTHAL Where have all the doctors gone? What with managed care wreaking havoc on the noble calling of medicine, it's no wonder that many students aren't even trying to get accepted at even the most prestigious medical schools. Take Harvard, for example, which U.S. News & World Report identifies as having the nation's No. 1 med school, by a wide margin.This Thursday, Harvard will graduate a class of 168 MDs, probably an even more capable bunch than usual. That's because they entered in 1996, when applications for admission to U.S. medical schools hit a record high of nearly 47,000, according to the Association of American Medical Colleges, which represents 125 accredited U.S. med schools and the 16 Canadian ones. But those days, as they say, are history. This year, applications to Harvard Medical School are down, for the first time in about 10 years. interactive.wsj.com Though Harvard's 4% drop is narrower than the 6% decline nationwide, applications to Harvard-no doubt helped by its entry into the common application system in 1999-had been bucking a four-year decline nationwide of 18% that the AAMC attributes, in part, to "the perceived loss of physician autonomy due to recent changes in the health-care marketplace" (read: managed care). Indeed, Merritt Hawkins & Associates, a Dallas staffing firm, recently found in a survey of physicians 50 and older that only 50% would choose medicine as a career today, and that even fewer would encourage their kids to do so. The study of 300 physicians in 38 states found that 48% of the nearly half who plan to retire or seek jobs other than practicing medicine in the next three years cited managed care as at least a significant factor in their decision. But those doctors who plan to be otherwise engaged may not be spending all their leisure time playing golf. A spokesman at Harvard Business School says it has " seen an uptick in the number of MDs " getting their MBAs.