Description: Corporate finance theory and applications to health care organizations. Topics include the capital expenditure decision, the capital financing decision, financial feasibility, financial planning, cash management, and financial aspects of prepayment programs. The course makes extensive use of case studies.
Advisory Prerequisites: A basic understanding of machine learning and 'R' would be useful
Description: This course will introduce students to machine learning and other big data analytic techniques. We will illustrate the strengths and limitations of these tools and their applications for policy and industry. Topics will include risk prediction, precision medicine, and population health. We will also discuss the legal and ethical issues.
Course Goals: Introduce machine learning techniques. Understand their strengths and limitations. Understand relationship between these tools and concepts such as population health and precision medicine. Ability to apply tools to health institutions and policies. Awareness of potential unintended consequences of these tools.
Learning Objectives: 3. Explain the role of quantitative and qualitative methods and sciences in describing and assessing a population's health.
10. Explain the social, political and economic determinants of health and how they contribute to population health and health inequities.
HMP634: Current Issues in Pharmaceutical and Medical Device Industries
Description: Provide students with a deeper understanding of these key industries that play an outsize role within the healthcare systems of the US and several other countries, particularly the European markets, and the intersection of these industries with decision makers (eg, payers, HTA bodies).
Course Goals: • Gain a deeper understanding of the pharmaceutical, biotechnology, and medical device industries
• Obtain a knowledge of the basic principles of outcomes research and pharmacoeconomics and their role in the development, approval and reimbursement
• Understand the drug and device development and approval processes and how these differ by product and therapeutic area
• Understand the reimbursement process including what determines "value" in the eyes of various stakeholder types
• Become an SME on a relevant topic of interest
• Obtain and understanding of how the US system of paying for treatments differs from that of most of the rest of the world
Learning Objectives: Students will be able to talk knowledgably about these industries and the current issues at play and be able to demonstrate this understanding by selecting a relevant topic in which to become a subject matter expert (SME).
Description: Analysis of the application of advanced economic theory to problems in the health services field. Focuses on several health economics issues, including topics of current policy interest as well as topics for which the application of economic theory has been more fully explored, Classes will include a general discussion of the appropriate economic theory and empirical evidence and a critical review of the relevant health economics literature. Students must read approximately 30-40 articles and write several short papers.