Simon Business School

Course Descriptions

HSM 450 Accounting, Economics, and Finance for MS Students

This course is designed to present fundamentals of economic analysis, financial accounting, and financial analysis that will serve as a foundation for concepts developed throughout subsequent courses in the Medical Management program. The objectives of this course are to enable participants to understand and productively use the principles of managerial economics and accounting information to better structure business decisions. In addition, the course will address the principles of capital budgeting.

HSM 454 Leading Health Care Organizations

This course explores behavioral concepts including leadership, motivation, decision-making, communication, group dynamics, culture, and change management in the context of health care organizational and individual performance and engagement. Students systematically analyze health care organizational behavior issues and propose solutions that improve health care outcomes.

HSM 420 Business Economics of the Health Care Industry
This course aims to educate students about the unique business institutions and problems of the health care industry so that students can be prepared to apply their core business knowledge to solve managerial problems in the health care industry. The course will consist of an overview of the major institutions of the U.S. health economy as well as an economic analysis of these institutions.

HSM 451 Health Care Strategy and Business Plan Development

Basic marketing and economic concepts are integrated with the unique institutional features of health care markets to develop a framework for strategic and business planning for a health care organization. A special focus is placed on the practical elements of plan development.

HSM 452 Health Care Accounting and Finance

Basic concepts in finance and financial accounting are used to develop a framework for financial decision making, financial planning, assessment and control. The goal of the class is to provide students with a set of tools to first make financial decisions about the programmatic development. In addition, students will be taught to assess and control programs towards specified financial goals.

HSM 425 Managerial Accounting for Health Care Organizations

This course helps the student understand how costs are reported and how to use this information to make decisions within the health services entity. The following topics will be examined within a health services setting: cost allocation, cost-volume-profit analysis, budgeting and variance analysis, and activity-based costing. Understanding and analyzing hospital costs using Medicare cost reports will be an integral component of this course.

HSM 430 Health Sciences Management and Strategy
This course applies the principles of organizational economics and strategy to the institutional setting of the health sciences. The course focuses on the interdependence between the delivery, financing, and technology sectors of the health care marketplace. It discusses how management and strategy choices within each sector are responses to the unique institutional factors in the health care marketplace and how the strategies of each sector affect the behavior of the others. Students will leave the course with an ability to think productively about management and strategy challenges within each of the three health science sectors.

STR 403 Organization and Strategy 
The course teaches how to approach and solve a large range of organizational problems from an analytical-economic perspective that is grounded in agency theory.  It discusses in detail the assignment of decision rights (including centralization vs. decentralization of decisions), performance measurement, and incentives and rewards. These are the three elements of “organizational architecture,” the central framework of the course. Applications range from job-level incentive problems to broader questions about organizational structure and the boundaries of the firm (e.g., vertical integration). Throughout, the course emphasizes the complementarity of organizational policies and the importance of alignment between a firm’s internal organization and its strategy.

HSM 437 Management of Healthcare Service Processes 
The aim of this course is to familiarize students with the operations management tools of process flow analysis, capacity management, and quality improvement. Using cases and guest speakers, we will demonstrate how these tools have been used to improve processes in healthcare settings, as well as point out the institutional challenges unique to healthcare.

HSM 464 Health IT and Analytics

The objective of this course is to provide Healthcare executives with an understanding of the role that Information Technologies can play in driving care quality and financial performance in their organizations. It is intended to improve their ability to invest strategically and thoughtfully in IT to achieve the desired organizational returns. The course discusses how information technologies are reshaping and redefining the healthcare sector through better care, efficiencies in the delivery of care, advanced tools for patient involvement and continuum of care, decision support tools for clinicians, and the generation of insight from digital exhaust. It teaches students how to critique and analyze various technology tools and systems currently available to health care professionals. The focus is largely on strategic level issues, although some implementation issues will also be discussed.

HSM 455 and HSM 456 Health Care Practicum

These practicum courses provide students with hands-on experience with a medical management project. The practicum develops skills in identifying a problem, working with data, finding possible solutions and delivering recommendations, all within a fixed time frame. Projects require that students not only apply analyses learned in the classroom, but also that they argue persuasively that the recommendations based on the analyses are valuable and should be implemented. Teams of three to five students are responsible for the individual projects, and meet with the instructor individually. The organizations submitting projects must be willing to spend time with students and to provide appropriate data. A formal presentation of the final project is required.

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