This course is intended to establish a framework for understanding the opportunities and challenges related to applying Healthcare Information Technology (HCIT) to benefit the various healthcare stakeholders (providers, payers, pharmaceutical companies). Only 10 years since the launch of the iPhone and 20 years since Amazon’s IPO, technology has clearly changed the way we live, but due to unique structural elements, complexity, and payment systems, it has taken longer for IT to deliver similar benefits in healthcare.
The course will highlight the principles that govern HCIT success, and the impact that recent trends in legislation, evolving reimbursement models and fundamental changes in research and care delivery are having in advancing the HCIT value proposition. The course will include a mix of lectures, case studies and guest speakers.
- Understand the historical context of IT adoption across healthcare and the unique industry factors that influence HCIT opportunity
- Review HCIT strategies across healthcare stakeholders (hospitals, doctors, payers, pharmaceutical companies) and understand the HCIT value propositions in each end market
- Explore interoperability challenges created by the siloed nature of healthcare information and review business models and approaches that address these issues
- Identify and develop an appreciation for the many HCIT vendor niches
- Build a thesis around core HCIT success factors in the context of everything discussed in class
Note: A basic understanding of the US Healthcare system will be important, including the inter-relationship between payers, providers and the various government entities that manage the healthcare ecosystem and payment models. No prior IT background is necessary. Students need to attend the first class session to understand the basic HCIT foundation that will guide future sessions and guest lecturers.
Grading will be 30% class participation, 30% mid-term paper (short paper based on class materials and assigned readings), and 40% final paper (approximately 5-7 pages and meant to apply principles discussed in class to a real world problem).
Adjunct Associate Professor
Raymond G. Falci currently serves on several healthcare boards and is an adjunct professor at Columbia Business School, having previously worked on Wall Street for 20+ years. Mr. Falci was a Managing Director at Cain Brothers from 2006 to 2016, serving on the Executive Committee and co-heading the firm’s Services & Technology practice. Ray’s banking focus included Healthcare IT and Revenue Cycle Management...