The MBA is a generalist management program, but at MSM you can choose from different specializations to fully align your MBA with your career ambitions, or to challenge yourself in new and unexplored areas.
In the Healthcare Management specialization, you will be thoroughly immersed in understanding the key elements of managing healthcare organizations. The specialization offers in-depth courses on Healthcare Policy, Systems & Development Tools, Quality Improvement & Patient-centered Healthcare, E-Health & Big Data Analysis, and Healthcare Finance & Control.
Healthcare Policy, Systems & Development Trends
This course provides a general overview of the fast-evolving healthcare industry, the major players involved in the production and delivery of healthcare, and the key challenges and opportunities presented by new technologies, financing mechanisms, business models, and the political and regulatory developments engendered by the recent reform legislation. The highly interactive course features debates and panel discussions, including with healthcare policymakers. You will gain deep insights into the future trends of international healthcare and the impact of these trends on the management and delivery of healthcare. Topics include a framework on evaluating healthcare systems, understanding the demand for healthcare products and services, technology assessment, managed care systems, cost/quality issues, and payment mechanisms.
Quality Improvement & Patient-centered Healthcare
Enhancing patient experience and delivering patient-centered care are major cornerstones for improving quality in healthcare. This course focuses on quality management in relation to patient-centered healthcare. Considerable attention is paid to healthcare quality management concepts, tools, and techniques with an emphasis on the services marketing management to address the need for more client-focused care. Additionally, the course discusses how to develop and implement effective risk management programs based on organizational size, the scope of services and activities, available resources, and locations. You will be able to identify the required skills for successful healthcare risk management and the necessary steps in risk management decision-making.
E-Health & Big Data Analysis
Information technology and information systems are crucial for the management of healthcare organizations. In this course, you will learn how E-Health can provide new possibilities for the use of health resources and how new technologies can help to improve the efficient use of these resources. You will also get insights into how E-Health can contribute to more integrated healthcare, i.e. new interaction and collaboration modes among healthcare institutions, healthcare professionals, healthcare providers, and patients. The course also looks into how to process the huge amount of data generated from E-Health applications. You will learn how to collect big data from the various E-Health applications and get insight into the most widely used analytical techniques for translating and interpreting these data to allow for a more personalized and more targeted healthcare delivery.
Healthcare Finance & Control
In this course, you will be equipped with the financial tools needed to make better financial, strategic, and operational decisions. You will learn how to apply finance and financial management theory, principles, and concepts to healthcare organizations, including planning, capital investment decisions, debt and equity financing, capital budgeting, and financial control. You will also develop conceptual and practical knowledge of healthcare finance, including sources of funding, revenue, cost determinants, and cost allocation, third-party payers, managed care contracts, and valuations that have an impact on the healthcare organization. You will be prepared to control the efficient operation of your healthcare organization.