MASTER THE BUSINESS OF HEALTHCARE IN ONE YEAR.
MASTER OF MANAGEMENT IN HEALTH CARE
WH Y VA NDE RBILT M M H C ? The Vanderbilt Master of Management in Health Care (MMHC) is a one-of-a-kind degree designed specifically to meet the needs of physicians and nurses, as well as clinical and non-clinical administrators, who wish to become better business managers and leaders.
Over the course of the one-year program, you will gain management knowledge from business professors and healthcare industry leaders. You will become more valuable to your organization in a complex and changing environment.
Learn alongside a diverse cohort of peers.
Get one-on-one career preparation.
Gain immediate ROI that lasts for years to come.
Benefit from flexible delivery formats.
Experience classroom instruction with a diverse cohort comprised of physicians, nurses and other clinicians, administrators, and executives. You’ll learn business fundamentals, enhance your professional skills, and build lifelong relationships in and out of the classroom.
Gain business insights and exposure to real-world scenarios with a curriculum that is hands on and puts your critical-thinking skills to the test. The MMHC team will support you every step of the way and encourage you to reach your full potential.
Return to your job with new skills and immediate ROI, either in salary growth or increased responsibility. Notably, you will enhance capabilities that will give you higher standing in the workplace and newfound credibility among the executive team members.
We understand how timeintensive a healthcare career can be. Meeting one night a week and one weekend a month for one year, with remote learning available, this program is designed with a level of flexibility healthcare professionals need.
2
Vanderbilt Master of Management in Health Care
35
%
of MMHC students have already earned advanced degrees
15
years of work experience is the average for our students
“I have always wanted to learn the business of healthcare because I want to be in the room where decisions that affect physicians and patients are made. [The MMHC program] is focused on healthcare and is time-friendly—getting my degree in a year was a no-brainer.”
The Vanderbilt Advantage. The Vanderbilt Master of Management in Health Care is the nation’s leading healthcare program in the nation’s healthcare capital. The degree carries the prestige and door-opening power to build the next phase of your career on a strong foundation.
IJAGHA EME
Officer in Charge/Medical Director Colonel Florence A. Blanchfield Army Community Hospital V A N D E R B I LT M A S T E R O F M A N A G E M E N T I N H E A LT H C A R E G R A D U A T E
3
A WORLD-CLASS PROGRAM. CENTERED ON YOU. The Vanderbilt Master of Management in Health Care is the ideal program for those wanting to advance within the healthcare industry. It provides key insights and knowledge from renowned Owen Graduate School of Management faculty, and it delivers industry expertise from healthcare executives and policy makers based in Nashville, the nation’s healthcare capital. If you are a physician, nurse, or other healthcare practitioner, you can supplement your success in the
medical field with business knowledge and tools to manage people, processes, finances, strategic projects, and initiatives. If you are an administrator or other professional in the healthcare industry, you will build connections and communication skills as you work side by side with the clinicians—physicians, nurses, and other healthcare practitioners—who are critical to the success of your organization.
“I was impressed by the cohort of professionals from across the healthcare industry and not just physicians. This program has allowed me to view the industry through a very different lens and has challenged me to think about situations differently and from a wider perspective.”
DEANN BULLOCK
Chief Medical Officer/Emergency Department Medical Director, Nashville General Hospital VA N D E R B I LT M A S T E R O F M A N A G E M E N T I N H E A LT H C A R E G R A D U AT E
4
Vanderbilt Master of Management in Health Care
EXCEPTIONAL OUTCOMES FOR YOU AND YOUR ORGANIZATION. Discover a program design that enables you and your organization to reap benefits right away—and for the long term.
85 #1
%
of students have received promotions, greater responsibility, or leadership roles since starting the program
1/3
physicians + 1/3 clinicians + 1/3 nonclinical administrators = our MMHC cohort
ROI FOR YOU n
n
n
n
n
n
Gain a complete understanding of your professional, management, and leadership capabilities.
ROI FOR YOUR ORGANIZATION n
Accelerate your career within your organization. Develop deep management-level knowledge and understanding of all business disciplines through a formal management curriculum.
n
Complement healthcare management training with interdisciplinary, team-based learning. Make an immediate impact in your organization by applying new business concepts and skills. Earn a master’s degree from Vanderbilt Owen Graduate School of Management, a top-ranked healthcare management business school—with coursework developed by world-class faculty and recognized healthcare experts.
n
As a student, you will develop a deep understanding of the business of healthcare, which you can apply immediately on the job. You will emerge with new perspectives that enhance your organization's individual and collective performance over the long term. Through the Leadership Development Program, you will be given the opportunity to work with an executive coach, receive insight and instruction on leadership techniques, and have access to best-of-class diagnostic tools used by Fortune 500 companies. Throughout the program, you will work with a team on a Capstone Strategy Project where you apply business concepts to a real problem, initiative, or opportunity that your organization faces. With support from Vanderbilt faculty, your team will be able to determine solutions that rival those of highly paid consultants and advance organizational initiatives. 5
TAKE A BIG STEP IN YOUR HEALTHCARE CAREER. ONE NIGHT A WEEK. ONE WEEKEND A MONTH. FOR ONE YEAR. Over a one-year period, you will participate in core business courses one night a week, attend intensive healthcare industry-specific courses one weekend per month, and work in teams on a healthcare consulting project throughout the program. This unique schedule ensures the highest quality educational experience without disrupting your job responsibilities or the dayto-day operations of your organization.
Cutting-edge research. Real-world innovators.
The Vanderbilt Master of Management in Health Care program provides you with opportunities to learn from and collaborate with researchers and innovators at the cutting edge of healthcare. Representing a combination of distinguished academic researchers, leading healthcare practitioners, and business leaders, Owen faculty work closely with students to address this rapidly evolving industry from strategic, economic, ethical, and operational perspectives.
6
Vanderbilt Master of Management in Health Care
Flexibility for distance learning.
Students based outside Middle Tennessee have the opportunity to greatly reduce their travel by participating in a portion of classroom sessions via real-time teleconference. Distance students can engage in face-to-face dialogue with professors and peers through state-of-the art technology during weekday core courses and visit Nashville for the weekend industry-intensive sessions.
CURRICULUM AT A GLANCE. 30 credits | 48 weeks
Orientation
MOD 1 FA L L
MOD 2
Core: Managerial Economics
Core: Operations Management
Industry: Economics of Healthcare
Industry: Configuring and Optimizing Healthcare Operations
Excel Spreadsheets for Healthcare Analytics
SPRING
MOD 4
Core: Financial Managerial Accounting
Core: Management Finance
Industry: Healthcare Accounting
Industry: Healthcare Finance
Capstone Project and Leadership Development Program MOD 5 SUMMER
Core: Leading Teams and Healthcare Organizations Industry: Marketing in Healthcare
MOD 6 Core: Strategy for MMHC Industry: Strategies for HighPerformance Healthcare Organizations
Graduation
Winter Break
MOD 3
Capstone Project and Leadership Development Program Each mod is 8 weeks in length. Management Core classes meet one night per week; Healthcare Industry classes meet one weekend per month.
7
MAKE YOURSELF
MORE VALUABLE. 8
Vanderbilt Master of Management in Health Care
PUT WHAT YOU'VE LEARNED INTO PRACTICE. The Capstone Project, one of the hallmarks of the Vanderbilt MMHC program, allows you to put everything you’ve learned to the test as you work with your team on a significant organizational challenge or opportunity. With faculty support and the resources of the world-class Walker Management Library, your team has everything needed to succeed.
PHYSICIAN LEADERS
CLINICAL LEADERS
NON-CLINICAL ADMINISTRATORS
HERE ARE SOME EXAMPLES OF RECENT CAPSTONE PROJECTS: Expanding a regional hospital footprint. Developed a strategy for a hospital expansion by identifying criteria for evaluating and analyzing opportunities. Improving access to care. Evaluated the feasibility of creating a telemedicine network to improve access to care in the midst of a physician shortage. Decreasing non-emergency utilization of ERs. Identified un- and under-insured individuals and rerouted their visits from ERs to a new federally qualified and funded health center. Assessing the impact of a merger. Evaluated the impact of a new hospital and proposed marketing synergies, as well as a specialized positioning that would result in incremental growth.
CAPSTONE TEAM 4-5 TEAM MEMBERS
15 years average work experience Age Range: 30-50 | Mid-Career
9
L E A R N F R O M WO R L D - R E N O W N E D H E A LTH C A R E L E A D E R S A N D FA C U LT Y. Located in the heart of the nation's premier healthcare industry cluster, you’ll learn from leaders and decision makers—policy makers, CEOs, entrepreneurs, and healthcare practitioners—who are pioneers in their fields. In addition, our faculty are known for being accessible and for facilitating a collaborative classroom where you can gain knowledge of how business theory and healthcare delivery come together.
1 4
##
Best Professors ranked MSF (The Princeton Review 2022) Program in the world The Wall Street Journal and Times Higher Education
12
immersions, hosted by healthcare faculty, policy makers, and industry leaders, during the program 10
R. LAWRENCE VAN HORN
MICHAEL A. LAPRE
Associate Professor of Management (Economics) Executive Director of Health Affairs
Associate Professor of Operations Management
A renowned expert and researcher on healthcare management and economics, Larry Van Horn is a leading figure within the Vanderbilt healthcare community. His research in consumer-driven healthcare markets assisted the White House with the June 24, 2019, Executive Order requiring true price transparency in healthcare markets, which was signed into law on November 15, 2019. He is a member of the Health Human Services (HHS) Quality Summit panel. He has consulted with many of the largest hospital systems and insurers in the U.S. on topics of data analysis, as well as antitrust concerns.
Lapré teaches Operations Management and is an internationally known expert on organizational learning curves. He has received awards for excellence in research at Owen, as well as the Dean's Teaching Award for outstanding contributions to teaching and learning. His research explores quality, productivity, customer dissatisfaction, service failure, bankruptcy, after-sales service, race wins, and competitive imbalance. His industry studies include steel-cord manufacturing, U.S. airlines, semiconductor manufacturing, Formula One racing, and the FIFA World Cup.
Vanderbilt Master of Management in Health Care
D ON’T JUST L E A R N TO M AN AG E. L E A RN TO L E A D . The Vanderbilt Master of Management in Health Care offers you executive coaching and leadership development resources. You'll be equipped to assess your personal leadership style, identify your strengths and challenges, and enhance your ability to manage, motivate, and lead others.
Woven throughout the experience, our Leadership Development Program offers you access to the tools and support you need to learn, practice, modify, and grow your leadership skills.
ASSESSMENTS
EXECUTIVE COACHING
INDIVIDUAL DEVELOPMENT PLAN
You will utilize several best-in-class diagnostic tools used by Fortune 500 companies to develop their top talent.
You will be paired with an executive coach who will help you identify strengths to leverage and ways to manage “derailers” that can undermine your success as a manager and leader.
You will be encouraged to map out a personal development plan to help you better identify your career goals and proactively achieve them.
“In the half year of working with [my executive coach], she led me to find a mentor and successfully navigate meetings with colleagues and supervisors, but most importantly, she helped me find confidence in myself and my career journey.”
SHILPA REDDY
Medical Director, Pediatric Epilepsy Monitoring Unit Monroe Carell Jr. Children's Hospital at Vanderbilt VA N D E R B I LT M A S T E R O F M A N A G E M E N T I N H E A LT H C A R E G R A D U AT E
11
How can we help you? 615.322.3682 mmhc@vanderbilt.edu 401 21st Avenue South | Nashville, TN 37203-2422 Hours: 8 AM – 5 PM U.S. Central Time
business.vanderbilt.edu/mmhc @VanderbiltOwen #VandyMMHC
Vanderbilt University is committed to principles of equal opportunity and affirmative action. Vanderbilt®, Vanderbilt University® and the Vanderbilt logos are trademarks of The Vanderbilt University. REV. 07/22