The MBA Health Services and Risk Management (MBA HSRM) applies knowledge and skills of business operations and management to healthcare organizations with emphasis on health services management, healthcare policy and law, healthcare technology management, healthcare quality management, healthcare data analytics, and healthcare project management, besides the business courses in managerial accounting, managerial economics, managerial finance and international practicum . The entire program requires 45 credits spread over three semesters or 15 credits (5 courses) per semester as a regular student. Thus, the program can be completed in one year as a regular student.
| Purpose 1 | Purpose 2 | Purpose 3 | |
|---|---|---|---|
| Constructive Action | Strategic Healthcare Industry Analysis | Strategic Healthcare Industry Planning | Strategic Healthcare Industry Management |
| Values & Ethics | Healthcare Policy & Legal Issues | Healthcare Risk & Quality Management | Community Health Management |
| Self & Others | Healthcare Services Management | Healthcare Technology Management | Healthcare Project Leadership |
| Systems | Healthcare Human Resources and Collective Bargaining | Healthcare Data Analytics and Decision Support | Global Business/International Practicum |
| Skills | Managerial Accounting | Managerial Economics | Managerial Finance |
| Credits | 15 | 15 | 15 |
Foundation courses
| Managerial Statistics | Principles of Management & Marketing | Principles of Financial Accounting | Principles of Economics & Finance |
Strategic Industry Analysis (MBA 615 PCA) (3 credits)
Students in the Purpose 1 Constructive Action (CA1) perform strategic analysis of the healthcare industry with respect to planning, development and implementation of the proposed strategy. They develop a research hypothesis, design methodology to conduct research, and write a report presenting data and findings for at least three data points in the industry: financial, consumer and current state assessment of the industry.
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Healthcare Policy and Legal Issues (HSM 615 VAL) (3 credits)
This course will focus on the healthcare policy and legal aspects of healthcare in U.S. The healthcare policy related issues cover policy formulation, implementation, modification and the policymaking process. The healthcare legal aspects will encompass tort, contract and antitrust laws, health information management law, patient consent, patients’ rights and responsibilities, and legal reporting requirements.
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Healthcare Services Management (HSM 615 SEL) (3 credits)
The course is designed to introduce learners to management issues of diverse healthcare organizations, including clinical, healthcare insurance, and healthcare financial and investment organizations. Students will critically examine the management functions including planning, organizing, leading and controlling. Students will examine the importance of organizational culture, creation of strategy, new venture formation, change management, individual and group behaviors in the organization as well as quality and productivity.
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Healthcare Human Resources Management and Collective Bargaining (HSM 615 SYS) (3 credits)
This course will provide students with a comprehensive overview and foundation of the necessary planning, development and administration competencies vital for Human Resources Managers today, including recruitment, training, compensation, benefits, and collective bargaining and labor laws besides legal and social factors. The course also focuses on resolving complex business issues, leading effective organizational changes, conflict resolution, and serving as effective team member and leader.
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Managerial Accounting (MBA 615 SKI) (3 credits)
This course examines the accounting information system and its application to profitability, financial position and cash flows. Utilizing accounting data, students learn the role of the manager in planning, controlling and decision-making. The course explores topics in financial accounting such as cash flow, financial statements and ratio analysis. At the managerial accounting level, topics include short-term investing, budgeting and internal control.
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Strategic Industry Planning (MBA 725 PCA) (3 credits)
In this Constructive Action (CA2), students apply knowledge gained from CA1, in combination with the strategic industry assessment conducted for that Constructive Action, to develop a comprehensive strategic business and marketing plan for their chosen entrepreneurial and/or intrapreneurial venture. They will develop a well-written and exhaustive business plan, including allocation of resources.
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Healthcare Risk and Quality Management (HSM 725 VAL) (3 credits)
This course covers basic concepts of risk management, risk management strategies and practices. It also entails specific risk areas including medical malpractice, strategies to reduce liability, managing positions and litigation alternatives. The course further includes an emphasis on outpatient medicine and the risks associated with electronic medical records. It culminates with the impact of risk management practices on the improvement of healthcare quality in diverse healthcare settings.
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Healthcare Technology Management (HSM 725 SEL) (3 credits)
This course is designed to provide students with a comprehensive look into Health Management Information Systems (HMIS). Topics include information systems from a managerial perspective; roles of CIO/CTO for healthcare services organizations; HMIS hardware/software concepts; HMIS database concepts; HMIS standards, privacy, and security concepts; HMIS communications and networking concepts; HMIS strategic planning; HMIS investigation & analysis; HMIS design, implementation and evaluation; e-healthcare information systems; use of HMIS emerging technologies and its impact on healthcare.
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Healthcare Data Analytics and Decision Support (HSM 725 SYS) (3 credits)
This course is designed to provide students with a detailed description of data analytics in healthcare. Methods for acquiring, analyzing and discovering new information from data will be discussed in addition to statistical analyses and data mining techniques and their implications for healthcare decision-making.
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Managerial Economics (MBA 725 SKI) (3 credits)
Drawing upon modern managerial economics, this course will develop students’ ability to apply the tools of economic analysis in the decision-making process for nonprofit and for-profit organizations. The course covers topics such as how economic variables affect companies and organizations in arriving at optimal solutions for growth and profitability. Specific topics to be examined in this course are the evaluation of choices and alternatives, profit measurement, economic optimization, demand and supply estimation, profitability forecasting, production and competitive markets, competition and long-term investment decisions.
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Strategic Industry Management (MBA 735 PCA) (3 credits)
For this Constructive Action, students specifically identify sources of financing and actualize business objectives by developing policies and allocating resources to implement their healthcare business plans. They design key project metrics and indicators, monitor and evaluate outcomes of implementation, further applying knowledge gained through practice by revising, adding, deleting or adjusting strategies as needed. By the end of the semester, students assess the extent to which they were successful in their respective venture goals and draft recommendations for further action.
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Community Health Management (HSM 735 VAL) (3 credits)
The course will cover topics relevant to the organization and management of services planned and provided in a community. The discussions will focus need assessment for community services, organization and implementation of community services, overall management of community health services, health promotion and education management, as well as other community management issues like budgeting, performance, monitoring and evaluation.
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Healthcare Project Leadership (HSM 735 SEL) (3 credits)
This course introduces the students to project management in the healthcare area. Students learn about project, program and portfolio selection, and management in healthcare; initiating and planning healthcare projects (project, scope, time and cost management, project quality, human resources, communication, stakeholders, risk and procurement management); executing, monitoring and controlling projects; closing projects and best practices in project management.
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Global Business/International Practicum (MBA 735 INT) (3 credits)
This course exposes students to the global environment and highlights the necessity to develop the skills and expertise to operate in this competitive environment. The course has a dual purpose: To familiarize students with understanding the theories of international healthcare business, as well as to develop the skills to identify and target global healthcare markets. The course will examine the geographic, demographic, technological, political, economic and sociocultural forces that influence national and international healthcare business management.
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Managerial Finance (MBA 735 SKI) (3 credits)
This course provides fundamental concepts and tools in financial management and covers basic concepts including: cash flow analysis, financial statement interpretation and ratio analysis; the course then builds the foundation of knowledge and progresses toward more advanced topics such as capital budgeting, risk and returns, and various investment decision-making techniques. Basic financial securities, namely equity and bonds, are discussed during the course along with valuation methods of such instruments.
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This foundation course introduces students to statistics useful for their MBA studies and for solving managerial problems. Students will learn a variety of techniques and tools to solicit, evaluate and communicate information for problem solving purposes. The course teaches the concepts and applications of business statistics, as well as providing the students the opportunity to observe and actually carry out computer-generated solutions using SPSS and Microsoft Excel.
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Principles of Management & Marketing (MBA 502 FDN) (1.5 credits)
This foundation course teaches management principles by weaving three threads: strategy, entrepreneurship and active leadership. Students will also be exposed to key concepts of marketing in today’s business environment such as service, sustainability, ethics and social responsibility, global coverage and metrics.
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Principles of Financial Accounting (MBA 503 FDN) (1.5 credits)
This foundation course teaches fundamental accounting procedures and the uses of accounting information. Topics include: recording transactions; controlling, costing and analyzing inventories; reporting and controlling liquid assets; measuring and reporting long-operating assets; current and contingent liabilities; the time value of money; analyzing and reporting owners’ equity; balance sheets and statements of cash flow; and managing and accounting for corporate income tax.
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Principles of Economics & Finance (MBA 504 FDN) (1.5 credits)
This foundation course helps students to understand the practicality and relevance of economics and finance with a variety of illustrations and insights. Economics topics include: classical vs. modern economic thought; supply and demand; elasticity; competition and monopoly; inflation and unemployment. Finance topics include: the Federal Reserve System; FOMC and the money market; interest rates; financial Structure; investment decisions.
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