MMHC Corporate Benefits Brochure

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Transcript of MMHC Corporate Benefits Brochure

Page 1: MMHC Corporate Benefits Brochure

©2016 Vanderbilt and the Vanderbilt logo are registered trademarks and service marks of Vanderbilt University. REV. 5/16Vanderbilt University is committed to principles of equal opportunity and affirmative action. Visit owen.vanderbilt.edu for Vanderbilt University’s complete EEO and affirmative action statement.

Vanderbilt UniversityOwen Graduate School of Management401 21st Avenue SouthNashville, TN 37203-2422

Telephone: 615.322.3682 Email: [email protected]

The Vanderbilt Master of Management in Health Care.Just a few of the companies that have invested in students and offered Capstone Projects:

Accretive HealthAscension HealthBlueCross BlueShield of TennesseeFamily Cancer CenterHCAHuntsville Hospital SystemLifePoint HealthMaury Regional HospitalNashville Metro GeneralNorthcrest Medical CenterSt. Thomas Health ServicesVanderbilt University Medical Center

Want to learn more about how this program can help your organization achieve its goals, develop its managers and leadership team and retain top talent?

We’d love to talk with you.

Just call. 615.322.3682

TRANSFORMHEALTH CAREPRACTITIONERS

Master of Managementin Health Care

Master of Managementin Health Care INTO BUSINESS

LEADERS.

Perhaps no industry today is evolving more quickly than health care. While opportunities for growth and improved patient care abound, competitive and regulatory realities, rapidly emerging technologies, financial imperatives and human resource management present numerous challenges. And while physicians, nursing managers and hospital administrators have clinical and subject-area expertise, they often lack the business acumen required to manage people, projects or processes. This degree is designed to provide these health care practitioners with the business knowledge, insights, skills and connections to bridge that management gap.

Why this degree? Why the Vanderbilt Owen Graduate School of Management?

Health care is a dominant sector of the U.S. economy that is facing a tremendous challenge, tremendous change and tremendous governmental intervention, so the value of good management and good decision making is critical.

Larry Van HornAssociate Professor of EconomicsFaculty Director, Master of Management in Health Care Executive Director of Health Affairs

Owen has one of the best, if not the best, health care programs in the country because it is so practical. We are surrounded by major CEOs who are nationally and internationally famous for creating new business models to serve patients. They’re neighbors, they’re friends, they’re frequent visitors to the program, they’re guest lecturers, they teach every once in a while. It’s like you’re growing up with these folks who are at the cutting edge of American health care.

U.S. Representative Jim CooperAdjunct Professor of Health Care Management

Our managers are interested in advancing their careers, and it’s a way for us to retain some of our top people.Investing in them will pay off not only in the skills they learn in the program but it will keep them with us.

Jeff Samz Chief Operating OfficerHuntsville Hospital

We knew we needed a training program for mid-level managers to improve their knowledge and their sophistication.We had always sent a lot of employees out of Vanderbilt for course work. The Master of Management in Health Care was a way for us to invest in our own management team as well as our employees’ personal development.

C. Wright Pinson, M.D./MBA Deputy Vice Chancellor for Health Affairs CEO of the Vanderbilt Health System

A one-year degree that empowers physicians, nurses and other clinicians and administrators to excel in leadership and management roles.

Today’s health care organizations demand managers who comprehend and value the intricacies of practice yet have the confidence, expertise and skills to build and manage people, programs and organizational initiatives.

The Vanderbilt Master of Management in Health Care (MMHC) is designed to help you transform your high-performing health care practitioners and managers into the leaders you need to advance your organization. The program is especially valuable to your organization when you support a four- to five-member cross-disciplinary team that will learn to work across organizational boundaries and hierarchies for the benefit of the company.

Through management core courses, health care industry-specific courses, leadership coaching and a health care strategy project, students in the Vanderbilt Master of Management in Health Care program gain the essential business knowledge and management skills necessary to effectively manage people, projects and processes. The unique program schedule ensures the highest quality educational experience without disrupting the day-to-day operations of your organization.

Bridge the management gap with the Vanderbilt Master of Management in Health Care.

Supporting Organizations

n Hospitals and academic medical centers

n Clinics and health centersn Payors and managed care

organizationsn Larger physician practicesn Other health care service

providers

Participants

n Physiciansn Nurse managersn Pharmacistsn Service line leadersn Practice leadersn Medical department directorsn Administrative and other

professionalsn Other clinicians seeking career

advancement

8 10The number of MMHC

alums that would definitely recommend the program to a

close friend or colleague.

35The percent of Master of

Management in Health Care students who have already earned advanced degrees.

of %

Page 2: MMHC Corporate Benefits Brochure

You benefit. Your employees benefit. That’s called “win, win.”

Equip your star employees with the tools to succeed in your organization.

AND REAP IMMEDIATE ROI.Nowhere will you find more business-relevant solutions for your health care professionals. By investing in clinicians, physicians, nurses, clinical administrators and non-clinical administrators from your organization, you will:

Gain bench strength.From the study of marketing and finance to operations, accounting and staffing, students build an understanding of the business of health care, which they can immediately apply on the job. You will find your employees emerge with shared experience and perspectives that enhance their individual and collective performance over the long term.

Develop leaders.The Owen Graduate School of Management’s signature Leadership Development Program is woven throughout the program, giving your employees the additional insights and tools needed to become better leaders within your organization. Your employees will receive insight and instruction on leadership techniques and one-on-one coaching as well as access to best-of-class diagnostic tools used by Fortune 500 companies.

Advance organizational initiatives.Throughout the program, students work in teams on a Capstone Project where they apply business concepts to a real problem, initiative or opportunity that your company faces. With support from Vanderbilt faculty and the Walker Management Library’s myriad databases, your team will be able to determine solutions that rival those of highly paid consultants.

3

2

1Nonclinical

AdministratorsClinical

LeadersPhysicianLeaders

CapstoneTeam

One night a week. One weekend a month. One year. Business fundamentals. Leadership development. And health care specifics.

The Master of Management in Health Care Capstone ProjectOptimize efficiencies. Accelerate growth. Plan for expansion.

Supporting organizations tell us that the work done by their employees for the Capstone Project more than offsets the costs of tuition. How? By reducing the need to hire an external consultant. With faculty support and the resources and databases available through the world-class Walker Management Library, your team has everything it needs to succeed.

Here are some examples of recent Capstone Projects.

Expanding a regional footprint.Team developed a strategy for expansion by identifying criteria for evaluating and analyzing opportunities.

Improving access to care.Team evaluated the feasibility of creating a telemedicine network as a way of improving access to care despite a physician shortage.

Decreasing non-emergency utilization of ER.Team identified un- and under-insured individuals and rerouted their visits from ERs to a new federally qualified and funded health center.

Assessing the impact of a merger.Team evaluated the impact of a new hospital and proposed marketing synergies as well as a specialized positioning that would result in incremental growth.

Average 15 years of work experienceAge Range: 30-50 | Mid-Career

4-5 team members

The Management Core12 credits / One night per week

The Management Core includes six graduate-level management courses that provide the solid business foundation upon which the health care industry-specific courses build. The same professors who teach in the world-class Vanderbilt MBA programs teach these modules. Owen’s faculty members offer both theoretical and practical knowledge across comprehensive business disciplines.

Health Care Weekend Courses12 credits / One weekend per month

These six intensive Health Care Weekend courses ensure a solid grounding in how management fundamentals play out within the health care industry. Senior leaders and managers from top provider organizations partner with Owen faculty to provide the pragmatic insight required for these courses.

Capstone Project6 credits / Concurrent with one-year program

The Capstone Project engages teams of students on projects of significant importance to their organizations. With faculty oversight, students must demonstrate rigorous application of business concepts and disciplines. The student team is responsible for diagnosing the critical problem, defining an appropriate scope of work, managing institutional expectations and producing a suitable recommendation in both written and presentation form.

On-site videoconference offers flexibility.Now your team members can fully participate in many of the class sessions without having to leave your facility. With state-of-the-art equipment and high-speed, broadband connections, your participants will enjoy the full, interactive classroom experience through two-way audio and visual communication. They can even engage in face-to-face dialogue with professors and peers. You may purchase our tested and proven system that we deliver, install, test and maintain. Or, upon review with Vanderbilt’s Information Technology Systems division, we can connect our technology to your hospital’s existing videoconferencing system.

ROMEO ENTSUAHClinical Pharmacist

Piedmont Health CareVanderbilt MMHC | Class of 2013

“Now I have the tools to transform myself and better

navigate this complex and ever-changing health care

ecosystem.”

SHERRY HEMBY, COL, USAFRCommander

94th Aeromedical Staging SquadronVanderbilt MMHC | Class of 2015

“Now I can state what I think needs to be done for my

organization from a strategic standpoint, and I know how to back up those decisions with

financial data and analysis.”

LEE ANN BURNEYDirector of Reimbursement

Maury Regional Medical CenterVanderbilt MMHC | Class of 2014

“Owen has really expanded my view. The research requirements for the Capstone Project are

making me dig deeper than I ever had before because I can see the benefits, not only for myself, but for my

organization.”

RONALD CLEMENTS, M.D.Professor of Surgery and Director

Center for Surgical Weight LossVanderbilt University Medical Center

Vanderbilt MMHC | Class of 2015

“Understanding the present value of a resource and

principles of operational management have helped me to understand the processes and decisions that are made all around me each day in the

medical center.”

STACY LANGFORDDirector of Emergency Services

Huntsville HospitalVanderbilt MMHC | Class of 2015

“The sessions with my executive coach are

invaluable. She helped me identify inner weaknesses

and identify skills to build on my strengths, to

prepare me to be a highly influential

leader in my organization.”

Each mod is eight weeks in length. Management Core classes meet one night per week; Health Care industry classes meet one weekend per month.

Core: Managerial Economics Core: Operations Management Core: Financial Managerial Accounting

Industry: Economics of Health CareIndustry: Configuring and Optimizing

Health Care OperationsIndustry: Health Care Accounting

Excel Spreadsheets for Health Care Analytics

Core: Leading Teams and Health Care Organizations Core: Managerial Finance Core: Strategy for MMHC

Core: Marketing in Health Care Industry: Health Care Finance Industry: Strategies for High-Performance Health Care Organizations

FALL SPRING SUMMER

Mod 1 Mod 3 Mod 5Mod 2 Mod 4 Mod 6

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Vanderbilt Master of Management in Health Care Curriculum at a Glance | 30 credits | 48 weeks

Capstone Project and Leadership Development Program