Summary
When you improve value, everyone wins—your patients, your organization, and the global health care ecosystem. This program examines the latest strategies and organizational models for transforming the way health care is delivered, measured, and reimbursed. Empowered with new insights and capabilities, you will return to your organization prepared to implement and oversee a value-based health care approach that lowers costs and improves outcomes.
This program is offered in cooperation with the HBS Institute for Strategy and Competitiveness (ISC).
Key Benefits
In this program, you will use a value framework—first introduced by HBS professor Michael E. Porter in his book Redefining Health Care—as a template for restructuring health care delivery around value. The process starts with providers and expands into strategies for health plans, employers, suppliers, and governmental entities. By exploring real-world implementations, you will learn how to navigate the strategic and organizational challenges inherent in evolving your health care delivery approach.
Align your organization around a value-based strategy:
- Build a firm foundation for exploring and implementing strategy transformation
- Manage the issues that arise when implementing new approaches
- Lead strategic and organizational change to generate value
Improve health care quality, system delivery, and patient value:
- Access a network of health care institutions and facilities to enhance quality and coordination of care
- Leverage partnerships and implement outcome measurement strategies to improve care for complicated patient populations
- Structure your organization according to patient needs rather than medical specialties
Optimize costs through accurate measurement and reporting
- Apply the concept of Time-Driven Activity-Based Costing (TDABC) to measure health care costs and outcomes
- Design and implement a bundled payment system to reduce health care spending and increase quality of care
- Explore strategy transformation, geographic expansion, and the process of introducing new measurement approaches
Expand your personal and professional network:
- Extend your network by living and working with accomplished health care executives from various backgrounds, sectors, and countries across the globe
- Build relationships with a diverse group of peers who can provide wide-ranging insights into your business challenges and career decisions
Who Should Attend:
- Senior-level management from health care delivery organizations, such as general managers, senior clinical leaders responsible for overseeing care delivery, and financial executives who direct cost management
- Senior executives or strategists from large organizations that provide health care to employees or customers, collaborate with health care institutions, or offer on-site health services or retail health care (e.g., Minute Clinic) as part of their business model
- Senior executives from nonprofit organizations that deliver health care services
- Executives from health care insurance companies, government entities that pay for health care, or other payor organizations
- Leaders from pharmaceutical companies, medical device companies, or other health care supply companies—including startups and established firms
Learning and Living at HBS:
When you participate in an Executive Education program on the HBS campus, you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Your learning will take place on your own, in your living group, and in the larger classroom, driven by the renowned HBS case method.
Admissions Criteria and Process:
We admit candidates to specific sessions on a rolling, space-available basis, and encourage you to apply as early as possible. Although most programs have no formal educational requirements, admission is a selective process based on your professional achievement and organizational responsibilities.
Answering Your Questions:
Our Program Advising team can help you at any stage of the admissions process—starting with identifying the program that best addresses your learning and development goals. Contact a program advisor via email or call 1.800.427.5577 (outside the U.S., call +1.617.495.6555).
Application Submission:
We recommend that you apply at least four weeks before the program start date. You may use our online form or download an application. HBS maintains all application information in strict confidentiality. We acknowledge receipt of applications via email. In the unlikely event that you do not receive an acknowledgment, please email us at exed_admissions@hbs.edu or call us at +1.617.495.6226.
Application Review:
To optimize the learning experience and maximize the exchange of ideas, our Admissions Committee makes selections that balance each participant's experience, scope of current responsibilities, and type of organization. HBS seeks candidates who reflect a broad range of industries, functions, countries, and backgrounds. We review applications monthly and will contact you via email with the Admissions Committee's decision.
Fee, Payment, and Cancellations:
The $11,250 program fee covers tuition, books, case materials, accommodations, and most meals. No payment is necessary until you have been accepted. Payment is required prior to the program start date. If you need to cancel or defer participation, you must submit your request in writing more than 30 days before the start of the program to receive a full refund. Cancellations or deferrals received 14 to 30 days prior to the start of the program are subject to a fee of one-half of the program fee. Requests received within 14 days are subject to full payment.