This Specialization, offered by the University of Pennsylvania in partnership with Wharton and Penn Medicine, is designed to provide a comprehensive understanding of the rapidly changing world of health and health care. It aims to equip learners with the necessary skills in business acumen, health care management, and health care policy.
The program offers a deep dive into the American health care system, focusing on financial and management skills essential for making well-informed decisions to improve the cost and quality of health care provision. Throughout the courses, learners will explore the principles of financial acumen for non-financial managers, the economics of health care delivery, management fundamentals, and health care innovation. The curriculum is structured to help participants enhance their understanding of financial performance assessment, health care economics, management of people, and health care innovation strategies.
Upon completion of this Specialization, learners will be equipped with the foundational knowledge and practical skills required to thrive in the dynamic and fast-growing field of health care management.
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The course modules cover financial acumen, health care economics, management fundamentals, and health care innovation, providing comprehensive insights into the key aspects of health care management and business in the evolving industry.
In the Financial Acumen for Non-Financial Managers course, you'll gain practical insights into how financial statement data and non-financial metrics can be linked to financial performance. This module will help you understand the frameworks of financial reporting, income statements, and cash reporting, and apply different approaches to analyzing financial performance using real-life examples.
The Economics of Health Care Delivery course delves into the key components of health care and the economics behind their principles and pricing strategies. You'll explore how basic economic principles apply to both providers and insurance through an economic lens, equipping you to identify different types of health care providers and understand the dynamic between providers and patients.
The Management Fundamentals course introduces you to the key elements of managing people, covering topics such as motivating individual performance, designing reward systems, making good management decisions, and designing and changing organizational architecture. This module provides essential insights into effective people management in the health care industry.
Health Care Innovation explores the foundational economic theories behind health care innovation and how to optimize health care practices or organizations. This course will equip you with a practical understanding of applying behavioral economics and operations management in the health care setting, enabling you to develop and evaluate innovative practices within your organization.
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