Business of Healthcare Specialization

Business of Healthcare Specialization

Do you fully understand the impact of alternative payment models, particularly bundled payments, on the cost and quality of health care? Do you know how to design, implement, and measure financial and non-financial incentives to drive clinician practice change? Do you know how to use predictive analytics and informatics to improve health care delivery?

The Business of Healthcare Certificate program was designed to help you keep pace with the rapidly changing world of health and health care. Through partnership with Wharton and Penn Medicine, you’ll learn from experts in business acumen, health care management, and health care policy to develop the skills you’ll need to successfully navigate the intersection of business and health care.

By the end of this certificate program, you will have a strong foundational understanding of the American health care system, along with the basic financial and management skills to make better, well-informed decisions that improve the cost and quality of the health care you or your enterprise provides.

Why Study the Business of Healthcare?

  • Hospital executives say that preparing the enterprise for sustainable cost control is their No.1 concern, followed by innovative approaches to expense reduction at No.21
  • 72 percent of physicians consider cost data valuable, but only 28 percent receive any such cost information2
  • The employment of medical and health services managers, including healthcare executives, is projected to grow 20 percent through 2026, significantly faster than the average for all occupations3

Program Details


Start Dates: 
Immediately

Duration:
4 weeks per course

Commitment:
2-3 hours per week

Program Format:
100% Online

Program Tuition:
$79 per month


Business of Healthcare Specialization Courses

leadership 21st Century - Looking through Telescope

FINANCIAL ACUMEN FOR NON-FINANCIAL MANAGERS

$79/month
Duration: 4 weeks (2-3 hours/week)

Gain a practical understanding of how data is used to assess what drives financial performance and forecast future financial scenarios. Learn about the frameworks of financial reporting, income statements, and cash reporting, and apply different approaches to analyzing financial performance using real-life examples.

Managing Motivating Talent - Gears

THE ECONOMICS OF HEALTH CARE DELIVERY

$79/month
Duration: 4 weeks (2-3 hours/week)

This course is designed to help you understand the complex structure of the health care system and health insurance. Through the study and analysis of providers and insurance through an economic lens, you’ll learn how basic economic principles apply to both principles and payment methods.

Managing Global Firm - Working at Computer

MANAGEMENT FUNDAMENTALS

$79/month
Duration: 4 weeks (2-3 hours/week)

People are the most valuable asset of any business, but they are also the most unpredictable, and the most difficult asset to manage. This course will help you develop the skills you need to start motivating, organizing, and rewarding people in your organization.

Strategic Management Competitive Corporation Strategy - Puzzle

HEALTH CARE INNOVATION

$79/month
Duration: 4 weeks (2-3 hours/week)

Designed to help you gain a practical understanding of the theoretical frameworks of behavioral economics and operations management in the health care setting, this course will help you apply these frameworks to assess health care practices and apply innovation while managing risk.

Ready to get started? Apply Now

Key Certificate Program Takeaways

Participants will learn how to:

  • Employ best practices to maximize profit for a healthcare organization
  • Calculate the financial viability of a health care provider using key performance indicators
  • Evaluate the Iron Triangle of Health Care (quality, cost, and access)
  • Make good and timely management decisions and build a higher performing team
  • Establish a framework for implementing effective and successful health care interventions

Business of Healthcare Faculty

The Business of Healthcare Specialization program channels the knowledge and insights of experts from Wharton and the Perelman School of Medicine at the University of Pennsylvania.

Learn from and interact with some of the leading experts at the intersection of business and healthcare, including the former special advisor for health policy to the director of the White House Office of Management and Budget and authors of such books as Prescription for the Future: The Twelve Transformational Practices of Highly Effective Medical Organizations. Faculty members hold MBAs, MDs and PhDs from world-class institutions like Harvard University, Harvard Medical School, UCLA, and the University of Chicago, and their work has been published in numerous leadings journals such as The New England Journal of Medicine (NEJM) and The Journal of the American Medical Association (JAMA).

Faculty research interests include:

  • Health policy
  • Health care reform
  • Health care management
  • Health IT
  • Delivery innovation
  • Physician executives
  • Operational performance
  • Innovation management
  • R&D management

Christian Terwiesch, PhD

Andrew M. Heller Professor at the Wharton School; Professor of Operations, Information, and Decisions; Professor of Health Policy, Perelman School of Medicine; Co-Director, Mack Institute of Innovation Management

Research Interests: Analyzing operational performance, innovation management, R&D management

See Faculty Bio

Christopher D. Ittner, PhD

EY Professor of Accounting; Chairperson, Accounting Department, The Wharton School

Research Interests: Cost accounting, intangible assets, performance measurement

See Faculty Bio

Richard Lambert, PhD

Miller-Sherrerd Professor; Professor of Accounting, The Wharton School

Research Interests: Financial reporting, cost analysis, incentive compensation plans

See Faculty Bio

Ezekiel J. Emanuel, MD, PhD

Diane v.S. Levy and Robert M. Levy University Professor; Professor of Health Care Management, The Wharton School; Professor of Medical Ethics and Health Policy, Perelman School of Medicine, University of Pennsylvania

Research Interests: Health policy, health care reform, medical ethics, drug pricing, transformations, bundled payments

See Faculty Bio

Peter Cappelli, DPhil

George W. Taylor Professor of Management; Director, Center for Human Resources, The Wharton School

Research Interests: Human-resource practices, public policy related to employment, talent and performance management

See Faculty Bio

Kevin Volpp, MD, PhD

Janet and John Haas President’s Distinguished Professor, Medical Ethics and Health Policy; Director, Center for Health Incentives and Behavioral Economics, Leonard Davis Institute; Professor of Medicine; Professor of Health Care Management

Research Interests: Behavioral economics, habit formation, wellness incentives, innovation in health delivery

See Faculty Bio

David A. Asch, MD, MBA

Professor of Medicine, Medical Ethics, and Health Policy; Professor of Anesthesiology and Critical Care Medicine; Professor of Health Care Management; Professor of Operations, Information, and Decisions; Executive Director, Center for Health Care Innovation, The Wharton School

Research Interests: Clinician and patient decision making, health care management, health policy, medical ethics, physician executives, technology assessment, behavioral economics

See Faculty Bio

Amol S. Navathe, MD, PhD

Assistant Professor, Health Policy and Medicine, Perelman School of Medicine

Research Interests: Delivery innovation, health IT, organization of healthcare delivery

See Faculty Bio

Guy David, PhD

Gilbert and Shelley Harrison Associate Professor of Health Care Management; Associate Professor, Medical Ethics and Health Policy, Perelman School of Medicine

Research Interests: Applied microeconomics, emergency medical services, health economics, industrial organization, nonprofit organizations, post-acute care, regulation

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Roy Rosin, MBA

Leonard David Institute of Health Economics Senior Fellow; Chief Innovation Officer Penn Medicine, Perelman School of Medicine

Research Interests: Access to care, behavioral economics/behavior change, delivery innovation, disease prevention/health promotion, disparities and health equity, bundled payments, health IT, medication adherence, organization of healthcare delivery, risk communication, social media and health

See Faculty Bio

Michael Useem, PhD

William and Jacalyn Egan Professor of Management; Professor of Management; Director, Center for Leadership and Change Management; Editor, Wharton Leadership Digest

Research Interests: Catastrophic and enterprise risk management, corporate change and restructuring, leadership, decision making, governance

See Faculty Bio

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The Wharton School is accredited by the International Association for Continuing Education and Training (IACET) and is authorized to issue the IACET CEU.