Joint MBA/MD

Overview

The Jones School and Baylor College of Medicine offer a five year combined MBA/MD program to respond to the growing need for physicians with state-of-the-art medical and business skills. By completing their MBA before they enter residency, students in the MBA/MD program learn how companies operate and are able to apply that knowledge.
Course Requirements

Students will take a total of 12 additional credits to fulfill the concentration requirements.

U.S. Health Care Management
This course provides basic survey to students, orienting them toward health care. Thus, even when they are taking electives that are not strictly health care in substantive content, the ability to understand the course with a health care perspective should develop among students.

Marketing Research
This course is central to the concentration because, different from many other industries, much of the framework for health care delivery is based on studies that require an understanding of statistical techniques including experimental design (e.g., randomized trials, evaluating health care design based on patient/employee feedback, understanding patient perceptions to drive adherence and compliance) and analysis (e.g., multivariate regressions, analysis of experimental data).The ability to conduct and understand basic data analysis (e.g., cross tabulations), as well as advanced statistical analysis (e.g., ANOVA with covariates) is a key skill necessary for health care managers and administrators who, to be successful, must credibly interact with clinicians.
 
Entrepreneurship in Biotechnology

Provides an insider's perspective on workings and challenges of an early to mid-stage pharmaceutical company. Current company issues and case studies are used to discuss topics including pre-clinical and clinical development, licensing and business development and intellectual property and patent strategies. This course is intended for students considering a career in an entrepreneurial biotechnology company. Previous coursework in entrepreneurship or health care is preferred.
 
Cost and Quality in Health Care

Sequence of offerings that provides further analysis of the business of health care in the U.S. Topics include issues of cost and quality, health care financial management, and national and international solutions to the challenge of providing health care to a population. This class is designed to stand alone, yet build upon the U.S. HEALTH CARE MANAGEMENT course. This is a required elective for MD/MBA dual degree students.
 
Customer Analytics for Satisfaction and Loyalty

Introduction to major concepts in the analysis of customer satisfaction and loyalty, with emphasis on managerial applications. Also examines related consumption and post-purchase phenomena related to customer satisfaction and loyalty.
 
Economics of Organizations

The course provides an analysis grounded in economic principles of issues in organizational design. More specifically, the focus is on how incentive conflicts within a firm can lead to a reduction in shareholder value and how such conflicts can be addressed. We shall study a framework that develops a productive organizational architecture --- assignment of decision rights to the appropriate decision-makers, evaluation of their efforts, and rewards based on performance. Students generally find the text material relatively easy to understand without extensive lecturing by the instructor --- this enables us to spend more class time on applications of the concepts, whether these come from cases, assigned articles, or homework questions.
 
Health Care Strategy

Participants study core concepts, analytical techniques and frameworks in strategic management that are useful in developing, evaluating, and implementing strategies for organizations that operate in various health care sectors. Issues examined in the course include what issues should health care organizations consider when they expand into different products, or markets or businesses? And what opportunities and challenges does globalization create for health care firms?
 
Negotiation and Influence Strategies for Health Care

In this course students sharpen relevant skills and practice techniques that can improve negotiated outcomes in a health care context. They diagnose their negotiation competencies and styles and also prepare systematically and efficiently to influence colleagues and subordinates through negotiation.
 
Interpersonal Communications in Health Care

The growing use of electronic medical records (EMR) as well as other changes in America’s health care system have created a greater need than ever for doctors, nurses, and administrators to understand and master interpersonal communication skills. “Good communication improves a patient’s adjustment to illness, lessens pain and physical symptoms, increases adherence to treatment, and results in higher satisfaction with care.” (Back, Arnold, and Tulsky, Mastering Communication with Seriously Ill Patients, 2009) This course integrates lecture, discussion, and in-class exercises every week, providing many opportunities to apply lessons and practice skills.  
Faculty

The health care concentration and tracks provide students with opportunities to learn from and collaborate with researchers and innovators at the cutting edge of health care and biotechnology. Representing a combination of distinguished academic researchers, health care practitioners and business leaders, Jones Graduate School faculty work closely with students to address this rapidly growing industry from strategic, economic, ethical and operational perspectives. Faculty include:

Dr. Prashant Kale, Associate Professor of Strategic Management
Dr. George Kanatas, Jesse H. Jones Professor of Management
Dr. Marick Masters, Professor of Business, Wayne State University.
Dr. Vikas Mittal, J. Hugh Liedtke Professor of Marketing and faculty director of Health Care Initiatives in Executive Education
Beth O’Sullivan, Senior Lecturer in Communications
David Tobin, Lecturer in Communications
Dr. Atul Vardhachary (PhD and MD), Adjunct Professor in Management
Dr. Robert A. Westbrook, William Alexander Kirkland Professor of Management
Dr. Stephen E. Whitney, Professor in the Practice of Health Care Management
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