Healthcare electives complement Columbia Business School’s world-class MBA curriculum, comprising an integrated nexus of functional disciplines within multiple healthcare sectors, studied on a global basis from the perspective of industry executives and investors. Each course is taught by a unique mix of four to five seasoned healthcare executives and esteemed faculty and infuses topics of international significance into the classroom.
- The Healthcare Industry in the 21st Century
- Strategy and Competition in Pharmaceuticals and Biotechnology
- Economics of Healthcare and Pharmaceuticals
- Transforming the Delivery of Healthcare Services
- Healthcare Investment and Entrepreneurship - HCIT, Services, Biotech
- Forecasting for Drug Development Strategy
- Investing in Medical Technologies
The Healthcare Industry in the 21st Century
Professor Linda Green: This course provides a general overview of the fast-evolving U.S. healthcare industry, the major players involved in the production and delivery of healthcare, and the key challenges and opportunities presented by new technologies, financing mechanisms, business models, and the political and regulatory developments engendered by the recent reform legislation.
Strategy and Competition in Pharmaceuticals and Biotechnology
Professors Robert Essner and Cliff Cramer: This course provides a cross-functional analysis of the strategic, technological, regulatory, competitive, organizational and political challenges impacting the global pharmaceutical and biotechnology sector. Critical issues examined include the strategies and process of discovering, developing, and getting new drugs approved; R&D/product portfolio strategies; patent strategies and challenges; the pharmaceutical supply chain; design of prescription drug plans and the role of PBMs; competition between branded, generic and OTC products; industry profitability and growth prospects; and external/business-development strategies.
Economics of Healthcare and Pharmaceuticals
Professor Frank Lichtenberg: This course provides a framework for understanding the economic factors underlying the healthcare system and the intersection of its agents (consumers, payers, providers, suppliers). The course focuses primarily on the structure and economics of health insurance and the demand for healthcare; pricing and reimbursement of drugs, vaccines, medical devices and hospital services; economics of biomedical research; disease-management programs; and cost-benefit analysis employed by payers and consumers of healthcare products and services..
Transforming the Delivery of Healthcare Services
Professors John Rowe and Linda Green: This course provides an advanced, critical analysis of the delivery and payment of healthcare services in the U.S. with a specific focus on actions healthcare providers and health insurers are taking to improve the quality of patient care, and manage the costs of providing such care. Particular focus is given to the impact of the 2009 HITECH Act as well as the Affordable Care Act (ACA) of 2010.
Healthcare Investment and Entrepreneurship - HCIT, Services, Biotech
Professor Cliff Cramer: Unique characteristics and strategies of investing in the healthcare sector from the perspective of venture firms investing in early-stage healthcare enterprises, entrepreneurs building such entities, and private equity firms seeking to build value-creating healthcare platforms. Course includes case studies of early/mid-stage companies in healthcare services (payers/providers/HCIT) and biotechnology.
Forecasting for Drug Development Strategy
Professor Ellynne Dec: This course provides a practical introduction to the creation and use of business forecasts for informing pharmaceutical drug development strategy. While the primary emphasis is on commercial forecasting, it also examines other areas such as trial duration, probability of clinical and regulatory success, trial costs, and portfolio optimization. Advantages and disadvantages of using forecasts is analyzed and students are introduced to the use of sensitivity analysis and scenario modeling to bridge these challenges. Students learn practical Excel tools for building models, performing sensitivity analysis, challenging forecasts and sourcing data.
Investing in Medical Technologies
Professor Efrem Kamen: This course focuses on how sophisticated investors identify and value attractive medical device, diagnostics and life science tools companies. It provides students with an understanding of the current economic and competitive environment for development and commercialization of new medical technologies, including regulatory, pricing, and reimbursement factors. It highlights new emerging technologies in the field, and how to assess such novel technologies and build commercial models for valuation purposes.