As of February MCG will be called the Georgia Health Sciences University.
The change comes as the school continues branching out beyond Augusta with new campuses in Albany and Athens.
Officials say the new name reflects that growth.
John Millsaps is a spokesman for the Board of Regents.
"The current name did not help them some times in terms of recognition and understanding of what the overall mission of the institution was so the name change gives them a chance to present a more comprehensive picture of what they do," Millsaps said.
Besides Doctors MCG also trains other medical professionals.
Officials say the name switch will cost the school about $3 million.