MOOC: Health Care Innovation
Course Description
In this course, you’ll learn the foundational economic theories behind health care innovation and how to optimize your own health care practice or organization. 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. You’ll also explore the best practices for evaluating one’s innovative practices, using real-life examples of success to see the concepts in action. Part of the 4-course Business of Health Care Specialization from Penn Medicine and the Wharton School.
- Assess the provider-patient relationship to improve performance measures.
- Generate a flow diagram and Gantt chart by gauging patient flow by flow rate, flow time, and inventory.
- Evaluate financial viability of a health care provider using Key Performance Indicators.
- Apply innovative techniques into a more traditional ecosystem of health care.
- Discuss successful examples of innovative researchers and clinicians that change the approaches to health care.
- Compose a hypothesis statement and assess the value and plausibility of your statement.
- Explain the need for evaluations and its theoretical framework.
- Discuss different methods of conducting an evaluation and the types of questions an evaluation aims to answer.
- Implement an evaluation to analyze the effectiveness of your health care organization.
- Explain Expected Utility Theory and the different types of Prospect Theory.
- Discuss real-life examples of Default Bias and Increased Cost Sharing case studies.
- Develop a framework for designing health care interventions that will be effective and successful.
Kevin Volpp: Why studying behavioral economics is important