The global healthcare delivery models are facing intense competition due to technology advancements, operational complexities, scarcity of skilled resources, stringent quality standards, increasing customer expectations and new health issues.
There is a gradual shift in strategy and business model by few healthcare enterprises globally from the supply-driven healthcare system to the patient-centered healthcare system. The metrics like profitability, turnover, number of patients served, accessibility of surgeons, etc. are no longer the only accepted and relevant measures of success or failure. There is a need for shift in orientation towards ensuring favorable patient outcomes during and after the treatment. The idea of value-based healthcare is driven by the focus on setting up Integrated Practice Units, measuring outcomes and costs at the patient level, bundled pricing, choice of locations, geographic expansion and information technology platform. Value is defined as the health outcomes achieved that matter to patients relative to the cost of achieving those outcomes.
This program is driven by Michael Porter’s works “Redefining Health Care” that focuses on the application of the fundamental principles of value-based health care delivery. This program focuses on the key practices and models around value-based healthcare delivery as well as their use primarily in the context of India.
The pedagogy involves case studies of global value-based healthcare delivery organizations like Cleveland Clinic in the USA, LifeSpring Hospitals in India, Joslin Diabetes Centre in the USA, Schon Klinik in Germany on Measuring Cost and Value, and ThedaCare in the USA.
The key topics include:
Supply-driven versus Patient-centered Healthcare Systems
Understanding the Traditional Structure of Healthcare Delivery – Speciality Focus, Quality Metrics, Cost Accounting, Delivery Systems, and Technology Setup.
Understanding the Strategy for Value Transformation
- Organizing into Integrated Practice Units
- Measuring and Reporting Outcome and Cost Based Metrics
- Implementing Bundled Payment Model
- Integrating Care Delivery Systems
- Geographic Linking and Expansion – Hub N Spoke versus Affiliation
- Enabling Information Technology Platform for Multidisciplinary Integrated Care
This program targets the leadership and senior management of healthcare organizations. This program is also relevant for executives from the government hospitals and policymakers in the healthcare domain.
Why Institute for Competitiveness?
Institute for Competitiveness, India is the Indian knot in the global network of the Institute for Strategy and Competitiveness at Harvard Business School. Institute for Competitiveness, India is an international initiative centred in India, dedicated to enlarging and purposeful disseminating of the body of research and knowledge on competition and strategy, as pioneered over the last 25 years by Professor Michael Porter of the Institute for Strategy and Competitiveness at Harvard Business School. The institute conducts and supports indigenous research, offers academic and executive courses, and provides advisory services to the Corporate and the Governments. The institute studies competition and its implications for company strategy; the competitiveness of nations, regions & cities and thus generate guidelines for businesses and those in governance; and suggests and provides solutions for socio-economic problems.
The Benefits & Delivery
The participants will gain new perspectives, insights, and strategic skills towards managing healthcare delivery.
Case based pedagogy is extensively within the program. The case-mix for this program has been carefully selected from Harvard and Ivey. These cases provide diverse perspectives and learning experience from the global companies.
Global Insights integrate the best practices regarding understanding the industry dynamics, trends and transformations. Case discussions and analysis on game changing organisations will enable the participants to gain new perspectives on industry shifts and competitive advantage.
Peer Networking and Knowledge Sharing during the program will enable the participants to exchange their perspectives and experiences as well as become a part of the competitiveness network.
Diverse mix of instructors from academics and industry. Industry practitioners include those having leadership experience at the top management positions across the enterprises in India and globally. Academic instructors include those having active interaction and association with shared value enterprises besides having expertise in strategy, competitiveness, social entrepreneurship and business models.
Applications are requested three weeks in advance to the program start date. Since qualified candidates are admitted on a rolling basis as per space availability, early admission is encouraged.
Admission is selective and based on professional achievement and organizational responsibility. No formal educational requirements apply. Executive Education programs enhance the leadership capacity of the participants as well as benefits their organizations in leveraging the new skills. The program expects full commitment from both. The participants are expected to dedicate sufficient time and efforts during the training. At the same time, sponsoring organizations are expected to relieve participants of their work responsibilities during the program.
The program fee covers tuition, books, case materials and meals. Payment is due within 30 days of the invoice date. If admission is within 30 days before the start of the program, payment is due upon receipt of the invoice. The cancellation policies are outlined in the information provided to applicants upon admission.
Connect With Us
For more information, please contact our Client Services team at:
Executive Education Programs,
Institute for Competitiveness
U 24/8, DLF Phase 3, Gurgaon 122 002, Haryana, India,
Telephone: +91 124 4376676