HSM 4101
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Credits3
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Delivery MethodIn person
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Related Program
About This Course
Provides a practical and applied understanding of healthcare economics, with the specific aim of enhancing the effectiveness of management within the healthcare industry. Effective healthcare management requires a solid understanding of the economic incentives and choices influencing various agents within the industry. This course explores the healthcare economic principles that drive the behavior of providers, insurers, and patients. It offers an overview of the structure and dynamics of different stakeholders focusing on how these sectors respond to economic forces given the incentives faced by different agents—patients, providers, payers, and healthcare manufacturers (i.e., pharmaceutical and medical device industries) among others. The course also examines both private and government insurers, exploring how policies from these insurers shape the actions of health systems. Health equity, a critical issue in healthcare, is explored for its broader implications on management practices. Additionally, healthcare managers must prepare for the potential impacts of healthcare reform on the industry to ensure their organization is positioned to succeed in this dynamic environment.
Prerequisites: HSM 3521 and [ECON 1101 or APEC 1101]
Instructors
Master of Health Administration, University of Washington; BS, biomedical engineering, University of Minnesota
Chelsea Steinborn has worked in the provider, payer, and health technology spaces leading diverse teams and projects. She has spent several years at both Virginia Mason Franciscan Health in Seattle and Medtronic leading consulting work with other health systems, where she developed innovative solutions in practice transformation, digital health, and operational excellence. She has also worked at a health insurance startup (Surest, a UnitedHealthcare company) leading provider network strategy and strategic efforts to build brand awareness among health systems and create operational infrastructure for provider services. Also, she has worked on the virtual care strategy and implementation for digital health partners in clinical areas such as diabetes and maternity care. With her engineering background, Chelsea brings a practical, problem-solving approach and lean expertise to healthcare.
- HSM 4101 – Applied Healthcare Management Economics
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MHA, healthcare administration, Louisiana State University; BA, kinesiology, University of Nevada
Nikole Morcom has over two decades of experience in the healthcare sector. She currently serves as practice manager for a multispecialty primary care office in her hometown of Las Vegas. Her career spans both clinical and administrative domains, reflecting a deep-seated passion for the multifaceted nature of healthcare delivery. She is currently a doctoral student in healthcare administration at Oklahoma State University. Ms. Morcom holds CPC and CPB certifications from the American Academy of Professional Coders (AAPC). As a child of immigrants and a first-generation college graduate, she champions a culturally responsive approach to healthcare and education. Her work is guided by empathy, inclusion, and a commitment to lifelong learning.
- HSM 4101 – Applied Healthcare Management Economics