Innovating in Health Care

An introduction to innovation in health care ventures for those interested in entrepreneurial opportunities in health care technology, management, consulting, or investing.

About The Course

*Note - This is an Archived course*

This is a past/archived course. At this time, you can only explore this course in a self-paced fashion. Certain features of this course may not be active, but many people enjoy watching the videos and working with the materials. Make sure to check for reruns of this course.

Problems with health care quality, access, and costs bedevil all countries. This course focuses on creating successful global business innovations in health care that can better meet consumer and societal needs. At its end, you should understand the how to evaluate opportunities and the elements of viable business models for different kinds of health care innovations.

Innovating in Health Care (IHC) enables participants to meet and interact with others who are also interested in improving health care. The course focuses on evaluating and crafting business models that attain alignment between an entrepreneurial health care venture and the six factors that critically shape new health care ventures - Financing, Structure, Public Policy, Consumers, Technology, and Accountability. Innovating in Health Care discusses the impact of these factors on business models for three different kinds of innovations: consumer-focused, technology-driven, and integrations which create scale.

You will learn:

  • How to distinguish successful innovations from those likely to fail
  • How to determine if an innovation is aligned with its environment
  • Which elements make up a viable competitive strategy for an innovative health care venture
  • How other elements combine to create a feasible business model for an innovative health care venture
  • How to create a business plan

The course is conducted through lectures about assessing and creating a business plan and with case studies that describe decisions facing real entrepreneurial health firms and requires you to analyze these potential decisions through the IHC framework. Participants are taught how to use the case method and how to evaluate business plans. In addition, these lessons are highlighted by insights from the top global health care innovators.

The course will be offered in two formats: an open, online experience and a more limited, team-based deep dive experience, where teams (self-assembled or newly created online) can produce actual business plans evaluated by peer teams and the Innovating in Health Care course instructors.

The course syllabus can be accessed here.

The International Journal of Care Coordination will publish a special issue on Healthcare Innovation to Improve Care Coordination. Course participants are invited to submit their business models for healthcare innovation, methods for the development or evaluation of such models, and study proposals for evaluation of healthcare innovation for this special issue. Course participants will receive additional information at the start of the course. Information about the Journal can be retrieved from: http://www.uk.sagepub.com/journals/Journal202184

Before your course starts, try the new edX Demo where you can explore the fun, interactive learning environment and virtual labs. Learn more.

Recommended Background

A financial analysis walk-through and case study are given in the first week. If you do not feel comfortable with the material after reviewing it and answering the questions in the case... see more...