The College of William & Mary and Eastern Virginia Medical School (EVMS) have partnered to create a dual degree MD/MBA program, according to a press release announcing the new collaboration.

The new MD/MBA program will give students the opportunity to finish the first three years of EVMS’ medical school curriculum before spending one year at William & Mary’s Mason School of Business to complete a 48-credit-hour MBA curriculum. Then student will return to EVMS for the final year of medical school.

“The new dual-degree program provides medical students at EVMS an important opportunity to broaden their understanding of the complex healthcare environment they are entering and to expand their skill set beyond the clinical domain,” said C. Donald Combs, vice president of EVMS and dean of the EVMS School of Health Professions. “Both of these factors should make them more competitive, both in terms of their applications to residencies and their ultimate recruitment into practice settings.”

The program will begin accepting students immediately for classes beginning July 2014.

Read the full press release here.