Our curriculum represents those courses determined to be critical in providing a solid overall business foundation for the health care industry. From Strategy and Finance to Human Resources and Marketing, you will gain a broad business understanding that prepares you for leadership.
You will learn the business foundation that can be applied to business models in all sectors of the economy. Your courses will examine best practices, management tools and trends from across industries and how to apply or modify them to new conditions or business models. You will establish mental models for ethical decision making and strategic leadership, and develop frameworks to think creatively about new opportunities and challenges.
This course provides students with an accurate understanding of the various components of the health care system (providers, consumers, payers and third parties) and how they interrelate. Students will learn about issues, motivations and incentives that influence all parts of the system. They will also gain an understanding of the political and social environment in which they operate. The course is designed to give all students a common base of understanding early in their curriculum.
The course is designed to help students evaluate how they think and make decisions, and the role mathematics, statistics and technology should play in these processes. The student will learn the principles of both statistics and quantitative methods from the perspective of their use rather than their derivation. Decision making, probability, regression, confidence intervals, decision analysis and modeling will be discussed in detail and students will be encouraged to reflect on how these techniques can be applied to their daily work.
Financial accounting is an integral part of the planning, reporting and control functions of every business. It is a means to achieving insights about the firm's financial condition, operating results, cash flows and ownership and capital structure. This course covers the fundamental terminology and calculations of financial accounting and reporting, as well as the comprehension and interpretation of financial statements. Ethical aspects of accounting are included.
Organizations are continuously re-shaping their structures and operating processes to achieve their strategic goals. In this rapidly changing landscape, the quality and productivity of the work force is an increasingly significant factor contributing to competitive advantage and quality outcomes. This course focuses on a broad range of human resources topics, including acquisition of talent, motivation of individuals to ensure their best performance and organization commitment, employee movement within a firm and other topics that explore enhancing workforce productivity and support successful execution of an organization's strategy.
All organizations are impacted by how people behave in those organizations. A key role of a manager is to guide that behavior to successfully accomplish organizational goals. The objectives of this class are for students to (a) gain an understanding of the various theoretical views of behavior in organizations and (b) be able to use these theories to systematically analyze organizational situations and generate appropriate action plans. The course is designed to facilitate the incorporation of your experience and personal values about behavior in organizations in the development of these plans.
Operations management focuses on planning, coordination and control of activities involved in the transformation of resources into goods and services. Operations management covers a very broad spectrum of functions involving management of technology, supply chain, quality, business process improvement, lean production, workforce design, equipment, materials and information flow. The course will provide an overview of various operations management functions and emphasize understanding of basic concepts and techniques in the operations management area that are essential for efficient and effective management of productive systems. Special emphasis is given to process management in the healthcare industry.
One of the fundamental purposes of a marketing-driven organization is the creation, communication and delivery of value to individual and/or organizational customers. This course offers a managerial approach to the study of strategic market decision making. Specifically, we will build conceptual foundation for understanding and analyzing marketing situations. In addition, we will discuss substantive and practical elements involved in the process of developing, pricing, distributing and promoting services (and goods) that provide customer solutions and deliver differentiated customer value.
This course is designed to give students an understanding of how cost information is used in planning, decision-making, and performance evaluation. It will build on the preceding course, Financial Accounting, which serves as a foundation for managerial accounting. Emphasis will be placed on financial reporting and its use in budgeting, return on investment, cost determination and profit planning as well as performance measures. There are unique issues in healthcare and financial reporting that will be considered. The purpose of the course is to prepare managers to make full use of accounting principles and apply them to the financial management of the organization. Ethical aspects of managerial accounting are included.
Instructor: Joe White
This course will focus on the financial management of business. It will cover the following subject matter: risk, return, evaluation, cost of capital, capital budgeting, long-term financing, capital structure theory, financial analysis and planning and working capital management. We will also examine how ethics in health care finance has affected the health care marketplace and the impact of capital decisions on cost of capital for health care organizations. The international aspect of financial management will be covered as it applies to the subject matter outlined above.
This course will enhance the student's ability to recognize, understand, and express the ethical dimensions of the situations and decisions they may expect to face as professionals. It will provide the knowledge essential to making sound decisions in business and seek to develop the skills and commitments required to navigate complex ethical issues successfully.
Important macro- and microeconomic principles are applied to the health care environment. Macroeconomic topics include aggregate economic interrelationships and indicators of economic activity, causes and consequences of health care business cycles and the impact of government policy. Microeconomic topics include optimization, forecasting techniques, demand and cost estimation, market structure, pricing, decision making under uncertainty and cost-benefit analysis.
This course focuses on the concepts, theories, realities and options of financing and funding health care in the U.S. It will begin with a review of where U.S. health care financing and funding has come from and where it may be headed. Along this journey, a look at financing both from the micro (patient/consumer) and macro (population based, government and employer) perspectives will occur. It will also look at the current push to create patient-centric, consumer-directed health care as one vehicle within the continuum running from single payer systems to a buyer beware marketplace. Last, it will explore, develop and iteratively create a better understanding of value as a tangible driver in health care and gauge the impact it may have in the creation of a new health care marketplace.
We will address the socioeconomic, political, ethical and practical issues confronting the medical care system in the United States. Emphasis is given to the trends in providing and financing care in changing markets and governments, as well as the implications for clinics, medical groups and health professionals. Our goal in the class is to use current, high visibility health policy issues to engage students in the policy process.
A three-day Washington, D.C., seminar, combined with coursework and group projects, will provoke students to challenge status quo solutions and problems which are too poorly defined, or unduly influenced by special interests.
This course will examine the general nature of leadership styles and practices, trends in leadership in American business and personal leadership values of participating students. Leading will be distinguished from managing through a study of current literature on the subject and through a focus on the roles of defined business and community leaders. Students will help each other become more effective in developing relationships with stakeholders, utilizing resources in a sustainable manner and leading change efforts.
Managing quality and its relationship to revenue, expenses, market and, most importantly, to the care and outcomes of patients is becoming an increasingly important responsibility of health care leadership throughout the industry. This course will define the role of health care leadership in improving environments, processes and culture to achieve improved quality and safety, while lowering costs, raising revenues and increasing market share. The class will also hear practical efforts from prominent health care leaders as they are transforming their organizations to increase quality and safety.
The course will focus on the government regulation and liability of physicians and other healthcare personnel, government regulation and liability of hospitals and other healthcare institutions, government regulation of the cost and quality of healthcare, the financing of healthcare delivery and other legal aspects of medical ethics. We will study decision making and planning processes, liability, contracts, torts, medical records, malpractice, consent and tax-related issues.
Students will prepare a major study of an issue or project of their choice which integrates knowledge, attitudes and skills developed during their previous experiences in the program. Students will demonstrate competence in critical thinking, exploring and solving complex, significant issues in health care and presenting their findings and recommendations to the faculty and their colleagues in both written and oral presentation.
An integrative approach to the formulation and implementation of organizational strategy and policy, this course focuses on organizational performances as it relates to mission, goals and objectives. You will get practice defining multi-faceted problems and their causes, analyzing internal and external environments, reviewing key corporate and business strategies, formulating alternative strategic options and addressing the challenges of implementation. Emphasis is on the ethical dimensions of problem solving at the general management level. The course will draw upon the analytical tools and managerial knowledge developed in all previous MBA courses, with application to both for profit and nonprofit organizations.