The name Collegium Aesculapium means “Colleagues in Eternal Healing,” a concept embodied in the motto, “Healers who teach. Teachers who heal.” The organization has consistently provided quality medical education, in addition to regular community-building activities for LDS health professionals. The organization has created and facilitated an internal journal, with scientific publications after a rigorous review process, in addition to providing extensive CME opportunities for health professionals of many specialties.

The new Medical Society is excited to draw upon Collegium Aesculapium's tradition of providing a space for Christ-centered health professionals a space to collaborate with like-minded individuals on projects that will bless all of God's children. Collegium Aesculapium has kept an up-to-date service page with opportunities for their members to serve in their local areas, seeking to build up communities.

The mission statement of the organization was to "create a worldwide community of Christ-centered physicians whose purpose is to mentor the rising generation of physicians and serve our communities together with integrity, knowledge, and compassion."

Throughout the organization’s history, it has worked to create a network of physicians to mentor undergraduate and medical trainees, particularly through the Summer Pre-Medical Research Internship (SPRI), which connects premedical students with summer research experiences at academic centers across the United States.

The BYU Medical Society has also developed the Rural Health Program in partnership with Uintah Basin Healthcare to help expand access to medical services in rural communities. In addition, the society has participated in Education Week by offering courses on a variety of medical care topics.