VA NDERBILT M ASTER OF M AN AGE MENT IN H E A LTH CA RE
Master of Management in Health Care
MASTER THE BUSINESS OF HEALTH CARE.
1-1-1 1 night a week. 1 weekend a month. 1 year.
The time commitment it takes to earn your Master of Management in Health Care degree.
On the cover: Read the story of Gaelyn Garrett, M.D., Medical Director, Vanderbilt Voice Center, Vanderbilt Master of Management in Health Care Class of 2015, at owenworldshapers.com.
Note: By the time you read this brochure, some of the titles for our students and alumni may be out of date. There’s a good reason for that: Vanderbilt graduates move up quickly within their organizations and the business world.
Advance your career and your standing within your organization in just 12 months. The Vanderbilt Master of Management in Health Care 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 industry leaders and you will become more valuable to your organization in a complex and changing environment.
The Vanderbilt Advantage
Measurable
n A diverse cohort comprised of physicians, nurses and other clinicians, administrators and executives. n A distinguished faculty of business professors, health care industry leaders, researchers, policy makers and entrepreneurs. n A convenient schedule for working professionals— one night a week, one weekend a month, for one year. n A signature leadership development program in partnership with Korn Ferry. n A real-world experience provided by a Capstone Project for a major health care organization.
8 10
ROI.
Almost 30 percent of the Class of 2015 reported gaining greater management responsibility in the 10 months since starting the program.
35
%
The percent of Master of Management in Health Care students who have already earned advanced degrees.
15yrs.
of
The number of MMHC alums that would definitely recommend the program to a close friend or colleague.
01
The average years of work experience of program participants.
The Vanderbilt Master of Management
A WORLD-CLASS PROGRAM. The Vanderbilt Master of Management in Health Care is the ideal program for those wanting to advance within the health care industry. It provides key insights and knowledge from renowned Owen Graduate School of Management faculty, and it delivers industry expertise from health care executives and policy makers based in Nashville, the nation’s health care capital.
“Owen has really expanded my view. The research requirements for the Capstone Project are making me dig deeper than I ever had before because I can see the benefits, not only for myself, but for my organization.”
“The powerful contacts and networking in the fields of medicine, insurance, business and leadership are unsurpassed.”
LEE ANN BURNEY
GEORGE DAHIR, M.D.
Director of Reimbursement Maury Regional Medical Center Vanderbilt MMHC | Class of 2014
If you are a physician, nurse, or other health care 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 health care industry, you will build connections and communication skills as you work side by side with the clinicians—physicians, nurses, pharmacists—and other administrators who are critical to the success of your organization.
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Orthopedic Surgeon Northcrest Vanderbilt MMHC | Class of 2013
in Health Care.
CENTERED ON YOU. “The sessions with my executive coach are invaluable. She helped me identify inner weaknesses, as well as skills to build on my strengths, to prepare me to be a highly influential leader in my organization.”
“The business side mixing with the operational side in the classroom is where a lot of the value comes in.”
STACY LANGFORD
ANDREW ANGLEMYER
Director of Emergency Services Huntsville Hospital Vanderbilt MMHC | Class of 2015
Business Intelligence Analyst Vanderbilt University Medical Center Vanderbilt MMHC | Class of 2015
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“Now I can state what I think needs to be done for my organization from a strategic standpoint, and I know how to back up those decisions with financial data and analysis.”
SHERRY HEMBY, COL, USAFR Commander 94th Aeromedical Staging Squadron Vanderbilt MMHC | Class of 2015
One night a week. One week One big step in your health c Vanderbilt Master of Management in Health Care Curriculum at a Glance | 30 credits | 48 weeks Mod 1
Mod 2
Core: Managerial Economics
Core: Leading Teams and Health Care Organizations
Industry: Economics of Health Care
Core: Marketing in Health Care
Excel Spreadsheets for Health Care Analytics
Each mod is eight weeks in length. Management Core classes meet one night per week; Health Care industry classes meet one weekend per month.
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 health care. Representing a combination of distinguished academic researchers, leading health care practitioners and business leaders, Owen faculty work closely with students to address this rapidly evolving industry from strategic, economic, ethical and operational perspectives. 04
Winter Break
FALL
Orientation
Over a one-year period, you will participate in core business courses one night a week, attend intensive health care industryspecific courses one weekend per month and work in teams on a health care consulting project throughout the program. This unique schedule ensures the highest quality educational experience without disrupting your job responsibilities or the day-to-day operations of your organization.
end a month. One year. are career. SPRING
Mod 4
Core: Operations Management
Core: Managerial Finance
Industry: Configuring and Optimizing Health Care Operations
Industry: Health Care Finance
Mod 5
Mod 6
Core: Financial Managerial Accounting
Core: Strategy for MMHC
Industry: Health Care Accounting
Industry: Strategies for High-Performance Health Care Organizations
Capstone Project and Leadership Development Program
Flexibility for distance students
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.
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Graduation
Mod 3
Spring Break
SUMMER
Make yourself more valuable to your organization by applying real-world experience. The Capstone Project, one of the hallmarks of
Vanderbilt’s 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 management library, your team has everything it needs to succeed.
Physician Leaders
Clinical Leaders
Nonclinical Administrators
Here are some examples of recent Capstone Projects. Expanding a regional footprint. Team developed a strategy for expansion by identifying criteria for evaluating and analyzing opportunities. Improving access to care. Team evaluated the feasibility of creating a telemedicine network as a way of improving access to care despite a physician shortage. Decreasing non-emergency utilization of ER. Team 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. Team 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 Average 15 years of work experience Age Range: 30-50 | Mid-Career
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With all the changes in health care, I felt the need to learn more about the overall effect they will have on my facility and how I can assist in adapting to them. Cathy Malone Administrative Director, Cardiovascular Services Maury Regional Medical Center Vanderbilt MMHC | Class of 2013
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DON’T JUST LEARN TO MANAGE. LEARN TO LEAD. The Vanderbilt Master of Management in Health Care offers you executive coaching and other resources to assess your personal leadership style, identify your strengths and challenges and help you gain the skills to manage, motivate and lead others. Woven throughout the experience, our Leadership Development Program was designed in partnership with Korn Ferry and offers you access to the tools and support you need to learn, practice, modify and grow your leadership skills. Assessments You will utilize several best-in class diagnostic tools used by Fortune 100 companies to develop their top talent.
Executive Coaching 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.
Individual Development Plan You will be encouraged to develop a personal development plan to help better identify your career goals and develop an action plan to achieve them.
Working with a seasoned leadership coach, using validated techniques, I was forced out of my comfort zone. I now have a better understanding of my personal leadership style, strengths and weaknesses.” Oran Aaronson, M.D. Chief Neurosurgery, VA TN Valley Healthcare System Professor of Neurological Surgery, Vanderbilt University Medical Center Vanderbilt MMHC | Class of 2013
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We’re competitive, not cutthroat. We dig deeper, work harder. We lead with ideas, not egos. We know the business of health care.
Master of Management in Health Care
Vanderbilt is proud to participate in the Yellow Ribbon Program.
Vanderbilt University Owen Graduate School of Management 401 21st Avenue South Nashville, TN 37203-2422
Telephone: 615.322.3682 Email: mmhc@owen.vanderbilt.edu www.vanderbiltmmhc.com
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