Business Essentials For Cardiovascular Fellows

Learning Objectives:

• Identify the key components of the Iron Triangle of Healthcare (access, cost and quality) and how they interplay with one another.
• Analyze the factors that influence the demand for healthcare services.
• Apply the Grossman Model to various healthcare decision-making scenarios.

Lecture Videos:

1. Introduction to Health Economics, Part I
2. Introduction to Health Economics, Part II
3. The Iron Triangle of Healthcare
4. Demand
5. Supply
6. Equilibrium
7. The Role of Health Economics
8. The Grossman Model
9. The Interface of Clinical Care and Business Performance
10. You're Hired: The Offer Letter

Expectations:

• Complete Module 1 quiz.
• Complete Module 1 playbook activity.

Learning Objectives:

• Evaluate the ethical concerns and economic implications associated with supplier-induced demand.
• Assess the potential impacts of cost-shifting on access to healthcare for different stakeholders.
• Compare the financial considerations, delivery models and impacts on patient care within the nonprofit versus the for-profit healthcare systems. 

Lecture Videos:

1. Physician Agency
2. Supplier Induced Demand
3. Alternative Payment Models
4. Innovation in Primary Care
5. Retainer-Based Medicine
6. Economics of Specialization
7. Division of Labor
8. Introductions of Hospitals, Part I
9. Introductions of Hospitals, Part II
10. The Role of Nonprofit Providers
11. Models of Nonprofit Behavior
12. Coexistence of Different Ownership Types
13. Do Nonprofits Justify Their Tax-Exempt Status?
14. Cost Shifting
15. Cross-Subsidization
16. Private Equity and Cardiovascular Medicine
17. Cardiovascular Compensation Models 

Expectations:

• Complete Module 2 quiz.
• Complete Module 2 playbook activity.

Learning Objectives

• Evaluate how different regulatory approaches can shape the healthcare landscape.
• Analyze how vertical integration can address the tension between hospitals and agencies.
• Identify different forms of price fixing and how it affects pricing in the healthcare industry. 

Lecture Videos:

1. Post-Acute Care
2. Hospice Care
3. Vertical Integration
4. Introduction to Regulation
5. Introduction to Anti-Trust
6. Price Fixing
7. Horizontal Integration, Part I
8. Horizontal Integration, Part II
9. Topics in Health Economics
10. Population-Based Program Development

Expectations:

• Complete Module 3 quiz.
• Complete Module 3 playbook activity.

Learning Objectives:

• Describe the foundational principles that underpin effective healthcare operations.
• Examine various real-world examples to demonstrate how value curves depict the trade-offs between different dimensions of value.
• Apply the five Whys approach to operational case studies within healthcare.

Lecture Videos:

1. Introduction: The Patient Perspective
2. Introduction: The Provider Perspective
3. Differences Across Healthcare Systems
4. Trade-offs, Strategy, System Inhibitors
5. Structure, Process, Outcome
6. Operations: From Arts to Sciences
7. Cardiovascular Organizational Structures: Service Line Examples
8. Coding and Reimbursement 101: The Least You Need to Know 

Expectations:

• Complete Module 4 quiz.
• Complete Module 4 playbook activity.

Learning Objectives:

• Evaluate the impact of the Plan-Do-Check-Act cycle on patient outcomes and the overall culture of continuous quality improvement.
• Examine Six Sigma as a framework for emphasizing the importance of data analysis in tracking outcome variables over time.
• Consider various patient-centered strategies aimed at enhancing patient engagement. 

Lecture Videos:

1. Different Types of Variation in Outcome
2. The Plan-Do-Check-Act Cycle
3. Feedback and Error Prevention
4. Capability Analysis and Six Sigma
5. Patient Monitoring and Engagement
6. Learning and Experience Curves
7. Managing Expectations
8. The Role of Innovation in Cardiovascular Care Delivery

Expectations:

• Complete Module 5 quiz.
• Complete Module 5 playbook activity.

Learning Objectives

• Examine tools such as KPI trees and their usefulness in measuring the financial viability of healthcare organizations.
• Identify key value drivers in healthcare operations in general and within your own organizations.
• Analyze how management infrastructure and mindsets and behaviors can help guide operational transformation. 

Lecture Videos:

1. Financial Viability
2. Finding the Value Drivers
3. A Dynamic Perspective to Financial Viability
4. A More Holistic Approach to Operations
5. Recruiting an Army
6. Cardiovascular Services in Ambulatory Surgery Centers: View of the Landscape 

Expectations:

• Complete Module 6 quiz.
• Complete Module 6 playbook activity.

Learning Objectives:

• Examine the various pathways to developing leadership by examining real-world examples of leadership across industries.
• Identify items from Dr. Useem’s Leader’s Checklist that align your current strengths and future goals as a leader in the healthcare industry.
• Assess opportunities for formal and informal leadership within your own organization.

Lecture Videos:

1. Leading in an Era of Uncertainty and Change
2. What Leadership Capacities Make the Greatest Difference?
3. Defining Your Own Leader’s Checklist
4. Creating a Checklist for Leading a Team of Teams
5. Strengthening Leadership in Oneself and Others
6. Leading Up and Out
7. Conclusion: Strengthening Your Leadership
8. John Kelly, Part 1: Leadership Lessons from Surgery
9. John Kelly, Part 2: Leadership as Discipline
10. Dyad Leadership: Working Together to Build New Programs

Expectations:

• Complete Module 7 quiz.
• Complete Module 7 playbook activity.

Learning Objectives:

• Identify and analyze balance sheet equations and its key components such as assets, liabilities and shareholders’ equity.
• Examine a sample real-world financial statement and calculate income, revenue and expense transactions.
• Generate an accurate income statement for your organization. 

Lecture Videos:

1. Module Introduction
2. An Overview of Accounting and the Financial Reporting Environment
3. The Balance Sheet Equation
4. Assets, Liabilities, Shareholders’ Equity
5. Income, Revenue and Expenses
6. Understanding a Profit and Loss Statement

Expectations:

• Complete Module 8 quiz.
• Complete Module 8 playbook activity