Category: Health Sector

Stephen Davidson in New York Times on Health Care, State Rights, and Divergent Costs

July 10th, 2012 in Faculty, Health Sector, Markets, Public Policy & Law, News

Stephen M. DavidsonWidely-cited health care expert Stephen M. Davidson, a professor in Boston University School of Management’s Markets, Public Policy & Law Department, has written in a letter to the New York Times about the debate over state rights and the Supreme Court’s recent ruling on the constitutionality of the Affordable Care Act.

Davidson is a frequent blogger on health care for the Huffington Post and author of the recent book Still Broken: Understanding the U.S. Health Care System. His New York Times letter reads,

No Letup in the Health-Law Debate

To the Editor:

In the wake of the Supreme Court decision establishing the constitutionality of the Affordable Care Act, many Republicans are focusing their opposition on states’ rights. They argue that rather than a “one size fits all” national plan, each state should be able to choose a policy that suits its own conditions. Mitt Romney defends his having championed a similar law in Massachusetts when he was governor in similar terms.

“Some citizens would be denied coverage that similar residents of other states would have—simply because of where they happened to live.”

Let’s not forget an important reality: many states, even if their governors wanted to enact health care reform to provide insurance to 98 percent of the population, as Massachusetts did, cannot afford to do so. And not just because of the recent recession. Some states are much poorer than others. Moreover, those states also tend to have larger numbers of people without insurance and would need to spend more to provide coverage for them.

One result of a state-based health care reform plan, therefore, would be that some citizens would be denied coverage that similar residents of other states would have — simply because of where they happened to live.

STEPHEN M. DAVIDSON
Boston, July 2, 2012

See this letter at the New York Times online.

Faculty in the News: July 5, 2012

July 9th, 2012 in Faculty, Faculty in the News, Finance, Health Sector, News, Operations & Technology Management

BU experts on Obamacare, too-big-to fail banks, Airbus, and gold prices

SMG_newsBoston University Public Relations’ Professor Voices blog features a sampling of quotes by experts from BU’s School of Management on recent issues impacting the business world:

“It may be good politics in the short run in some states, but it is lousy public policy no matter how you slice it.” (GOP governors a backstop against Obamacare?PoliticoArena)
By Stephen Davidson

“They are an exercise while things are fine, prepared by lawyers and not representative of what might happen. It’s false hope, unfortunately.” (‘Living Wills’ for Too-Big-to-Fail Banks Are ReleasedNew York Times)
Mark Williams

“They’d like to build in Alabama for a number of reasons. They’d like to win more U.S. business; in particular, getting defense deals. They lost a big defense contract about a year and a half ago for the U.S. Air Force for tankers. Defense is a big business for any airline producer.” (Airbus to build assembly plant in AlabamaNECN)
Allen Michel

“The salad days of gold investing are gone. Gold is an asset bubble that has begun to burst. It costs approximately $500 an ounce to mine gold, but currently this metal sells for over three times that cost. Historically, the mining-to-market cost has been closer to 1.5 times.” (A Golden AgeFinancial Advisor Magazine)
Mark Williams

“The pressure will certainly come from the Democrats, and also from patient-advocacy groups and from the health and medical community, because it is taking money out of the pockets of health professionals, physicians, and health centers. Some, for ideological reasons, will not cooperate. But the real question is whether they can sustain that with the political backlash that will occur.” (States may opt out of Medicaid expansionBoston Globe)
Joseph Restuccia

See more commentary from faculty on the Public Relations blog:

Explore our website to learn more about faculty news & honors.

Faculty in the News: June 21, 2012

June 21st, 2012 in Digital Technology Sector, Faculty, Faculty in the News, Health Sector, News

BU experts on Jamie Dimon, Supreme Court ruling on health care reform, & Blackberry

SMG_newsBoston University Public Relations’ Professor Voices blog features a sampling of quotes by experts from BU’s School of Management on recent issues impacting the business world:

Bossing around Jamie Dimon (Fox Business): Mark Williams, live in the BU studio, discusses JPMorgan Chase CEO Jamie Dimon’s testimony before the House of Representatives.

The Supreme Court and Health Care Reform (Huffington Post): Opinion piece by Stephen Davidson: “Even close Supreme Court watchers are reluctant to predict what the justices will decide about the constitutionality of the Patient Protection and Affordable Care Act (PPACA).”

Your Blackberry isn’t dead (yet): (Boston Magazine “Boston Daily Blog”): “It would be foolish to predict the demise of any company. Apple and IBM have been famously declared dead by many pundits who now are wondering about their predictions.” N. Venkatraman

See more commentary from faculty on the Public Relations blog:

Explore our website to learn more about faculty news & honors.

The New Business School Alliance for Health Management

March 15th, 2012 in Health Sector, HSMP

BU School of Management Helps Found New Organization

BAHM logoBoston University School of Management and Health Sector Management Program are founding members of a new non-profit consortium, the Business School Alliance for Health Management (BAHM). As the organization’s new web site proclaims: “BAHM’s founding members, indisputably the country’s most prestigious business schools, are united through a passionate commitment to spurring innovation and progress within global health care.”

Created by an initial group of ten members and limited to schools with a health sector focus awarding the MBA, BAHM has already held two case competitions and a day-long session on industry trends hosted by Lockheed-Martin.  Plans are in the works for more case competitions and student-oriented programs, as well as initiatives addressing key issues in the health sector.

Learn more about BAHM

Students Found Global Health and Development Association

March 15th, 2012 in Graduate Students, Health Sector, HSMP, Social Impact

Bridging Management and Global Health & Development

Students from the Health Sector Management Program at Boston University have founded the Global Health and Development Association (GHD). This new organization seeks to bridge the divide between management and global health and development, while directly connecting and involving BU MBA students with issues that affect the developing world.

“We seek to better understand these complex issues of health and development so that we can learn to address them through innovation and effective management,” GHD members explain, through events such as speakers and panels with industry leaders, international collaborative consulting opportunities, alliances with other schools and departments across the University, and social and networking events. “The GHD Association is also a great addition to two clubs already operating within the Health Sector Management Program—the Bio Business Organization and the Health Services Management Association because we present the perspective of providing care in developing countries, emerging economies, and low resource settings,” adds student Meg Meyer (MBA’12).

Participants include primarily first- and second-year MBA students across many concentrations, including the Health Sector Management Program as well as students from the Professional Evening MBA Program, the School of Public Health, the School of Engineering, and the School of Medicine at Boston University.

Recent and upcoming events sponsored by GHD include:

  • Friends of Ngong Road: Using Business Principals to Launch and Grow an International NGO: On Friday, October 14th, 2011, Amy Johnson, Board Member/CFO, and Peter Ndungu, Executive Director, both from Friends of Ngong Road, a Nairobi, Kenya-based NGO, discussed starting and growing an international non-profit using business principles. They covered topics such as creating strong financial controls and metrics; overcoming growing pains and pitfalls; using technology to your advantage; and working with different currencies.
  • Global Health and Diagnostics: Featuring Dr. Una Ryan, President and CEO, Diagnostics for All, discussing her organization’s dedication to creating low-cost, easy-to-use, point-of-care diagnostics specifically designed for the 60% of the developing world that lives beyond the reach of medical access. More
  • Spring 2012 semester back-to schools networking event, co-sponsored by the Bio Business Organization and the Health Services Management Association
  • Fundraiser auction supporting a rural clinic in Palwal, India—one of the destinations of the School’s India Field Seminar
  • Upcoming Speaker Series event in collaboration with Boston University School of Biomedical Engineering, planned for March 29, 2012, and featuring three speakers discussion their experiences in the fields of business, engineering, and public health.
  • Discussion and collaborative learning experience between School of Management and School Engineering students, focused on exploring innovative business models for products that have been developed at BU School of Engineering, including a counterfeit drug detector and a device to diagnose pneumonia.
  • Participation in the Emory for a Global Health Case Competition (March 30th-April 1st)

Explains Meyer, “This club is important to MBAs because many students are interested in or have experience with international health but aren’t quite sure how to integrate it into their career or are interested in learning more about it.  The GHD club gives them an opportunity to hear speakers and meet people with expertise in this area.  It’s also a great opportunity for collaboration across different schools within Boston University. In the future,” Meyer adds, “we hope to continue connecting with other schools throughout BU and establish yearly signature events.”

BU MBAs Win MIT Sloan Case

March 5th, 2012 in Graduate Students, Health Sector, HSMP, MBA, News, Students

Health Sector MBAs Solve Digital Marketing Case

By Lauren Dezenski

BU MBA MIT Sloan Team

The team representing Boston University’s Health Care Management MBA program (Michael Barrett, Timothy Chanoux, Anshuman Mirani, and Matthew Scott, all MBA ’13) won it all on February 24 at the MIT Sloan 2012 Healthcare Case Competition.

The team representing Boston University’s Health Care Management MBA program won it all on February 24 at the MIT Sloan 2012 Healthcare Case Competition. The theme was Digital Marketing for Healthcare.

Michael Barrett, Timothy Chanoux, Anshuman Mirani, and Matthew Scott (all MBA’13) shared the $4,000 first-place check.

The BU MBA Health Sector students faced teams from Harvard, MIT, Babson, and Cornell. “It was really an honor to represent BU in this competition against so many good schools. It was an honor and exciting to come out on top,” said Chanoux.

“Plus, we had a great time. It was great to meet a number of teams that all had great ideas,” Mirani added.

First, the teams had to submit a qualifying application. Of the eighteen submissions, ten teams, including BU, were chosen for the competition. “We were given the case one week in advance of the presentation day,” Mirani said. “We used the first days for brainstorming to be sure to cover all of our bases. That process really helped, and it’s something that is a product of our education here at BU. At the competition, the Q&A’s went really well, specifically because we debated all of these things among ourselves beforehand.”

After making it through one round of presenting followed by a Q&A session, BU and one of three MIT teams were named the two finalists. Following the two presentations, “it took the judges 30 to 45 minutes to deliberate. We were expecting it to be ten minutes, but it shows how tough the competition was,” said Chanoux.

The case was about developing a strategy for the launch of a kidney cancer drug by AVEO Pharmaceuticals (the sponsoring firm), which has just passed Phase III trials. Given the relatively small size and constrained marketing budget for AVEO, the teams had to design a digital media strategy. “We especially liked that all of the information in the case was actual market research done by AVEO, and it was a real business problem that they are currently facing,” Mirani continued. “The judging panel included senior members of the management team of the company and other senior leaders from consulting as well as other health care organizations such as Veritas Health Systems.”

“General feedback from the judges, and the reason we probably won,” said Scott, “was that we had three very different concepts. We were the only group to talk about accountable care; we were the only team to come up with a name for the drug; and we were the only team to brand the research effort. Our BU preparation absolutely helped, especially with the accountable care. The education helped us have a good sense of these things. When we got to finals, we really won with our Q&A.”

HSMP Alumni Group Mentoring Program

December 15th, 2011 in Alumni, Career Related, Graduate Students, Health Sector, HSMP

By Natalie Truesdell (MBA, MPH ‘07) and Naomi Muse (MBA ’07)

The Health Sector Management Alumni Mentorship program was developed in the fall of 2011 in response both to the alumni board’s interest in further connecting with students and to feedback from a broad alumni survey indicating that graduates were interested in structured mentorship opportunities. The program was developed as a group mentoring model pairing a single alumnus with several students to facilitate mutual learning and maximize the alumni-matching process.

The program spans six months, from October through April of each academic year. Students and mentors are matched based on career interests, dual-degree status, and students’ specific areas of desired learning. Students and mentors coordinate their own schedules with the expectation that the groups will meet once a month over the six-month period.

This month, we are collecting mid-point feedback from student and mentors that will be used to further develop and improve the program. Thus far, we have received very positive comments from students. Below are examples from two students. The first is a “career switcher” and thus highly eager to have the opportunity to develop a relationship with someone in the health sector field:

“It has been invaluable to be in contact with a professional who has been through the same program I am in now, especially as a PEMBA and career switcher. My mentor has been really great at connecting me with other alumni and has opened me up to a number of career options.”

Another student explains,

“I’ve been able to bring what I’ve learned to the classroom, and ask questions of my mentor about how the concepts I am learning apply in the ‘real world.’  I have found that my classmates in other disciplines—finance, for example—are jealous of the alumni mentorship opportunity I have had.”

Program Overview:

  • Number of students in the program: 29
  • Number of alumni mentors: 10
  • Alumni class years represented: 1995- 2011
  • Health sector fields represented and number of participating alumni in each field:
    • Biotechology: 1
    • Pharma: 1
    • Medical devices: 1
    • Consulting: 3
    • Health care delivery: 4
    • Job positions and companies of participating alumni:
      • Sales, New England Area Account Manager, BioSero, LLC
      • Manager, ECG Management Consultants
      • CEO, Propel Careers
      • TeleHealth and TeleMedicine Program Manager, Children’s Hospital Boston
      • Consultant, PricewaterhouseCoopers
      • Vice President of Operations, post acquisition integration, Beacon Health Strategies
      • Health Industries Associate, PricewaterhouseCoopers
      • Product Manager, Philips Healthcare, (looking at product marketing, strategy, roadmaps and business development)
      • Advisory Manager, PricewaterhouseCoopers
      • Director of Planning, Covenant Health Systems

Global Health and Diagnostics

November 15th, 2011 in Health Sector, HSMP

A Talk Sponsored by the Health Sector Management Program

Una Ryan Story Pic

L to R: Dr. Una Ryan, Vinit Nijhawan, Dr. Maggie Huff-Rousselle, Joel Lamstein

On Thursday, November 10th, 2011, the Health Sector Management Program sponsored an event providing students the opportunity to learn about leadership in the field of low cost diagnostics. This area of global health has important implications for new and innovative business models, particularly as medical providers seek to extend care to the “bottom of the pyramid” and improve access to public health services.

Dr. Una Ryan, President and CEO of the Cambridge-based non-profit enterprise Diagnostics for All, was featured speaker.  She discussed her organization’s dedication to creating low-cost, easy-to-use, point-of-care diagnostics specifically designed for the 60% of the developing world that lives beyond the reach of medical access.

Dr. Maggie Huff-Rousselle, Executive-in-Residence at Boston University, moderated the event, along with two responders who addressed the feasibility and possibilities of Dr. Ryan’s diagnostic devices and led a discussion after her talk:

  • Vinit Nijhawan, Managing Director, Boston University Office of Technology Development; Director, Enterprise Programs, Boston University Institute for Technology Entrepreneurship and Commercialization
  • Joel Lamstein, Founder and President, John Snow, Inc., an international public health consulting firm

The event was attended by more than 35 students and faculty from Boston University School of Management, School of Public Health, and the School of Engineering’s Biomedical Engineering Program, as well as students from Harvard Business School.

New Patterns of Innovation: Integrated Models of Biopharma

November 15th, 2011 in Alumni, Health Sector, HSMP

An Event from the Fall Alumni Association Speakers Program

L to R: Mike Nohaile, Matt McManus & Patrick F. Terry

L to R: Mike Nohaile, Matt McManus & Patrick F. Terry

In November 2011, the Health Sector Management Program inaugurated a fall speaker event to complement the spring one held for the past five years.  “New Patterns of Innovation” presented a dynamic panel that addressed the rapidly growing and shifting areas of diagnostics and linked therapeutics often labeled “personalized medicine.” After initial remarks the participants engaged in a lively and far-ranging discussion fed by questions and comments from the audience, and an intense discussion continued during the following reception.

Moderator: Jeff Elton, Lecturer, Health Sector Management Program, Boston University School of Management; CEO, the KEW Group

Distinguished Panel:

  • Mike Nohaile, Ph.D., Global Head of Molecular Diagnostics, Novartis
  • Patrick F. Terry, Principal, Pricing and Market Access Practice, Scientia Advisors LLC
  • Matt McManus, MD, PhD, MBA, President and CEO, PrimeraDx

Core sponsors were the Health Sector Management Alumni Association and Health Sector Management Program.  Cosponsors included the Schools of Medicine, Public Health, Law, and Engineering, as well as the Health Services Management and Bio Business Organization student organizations at Boston University.

Health Sector Management Program Moves Beyond the Classroom

October 21st, 2011 in Health Sector, School

stairsThe Health Sector Management Program at Boston University is committed to providing maximum learning impact to its students.  From the India Field Seminar to the initiatives described below, our faculty is making an increasing investment in experiential learning opportunities beyond the traditional classroom.

New Industry Mentoring Program

This experience provides second-year MBA students, both full-time and evening, the opportunity to connect with leaders in the health sector in one-on-one mentoring relationships.

This program began on a pilot basis in the spring of 2010, with six students and six mentors.  For the coming 2011-2012 year, it has tripled in size, matching eighteen students with mentors.  Mentors come from several industry segments, including service delivery, biotech and pharmaceuticals, health information technology, medical devices and consulting.  This year’s group includes the chief operating officers of major Boston area hospitals and community service groups, the principal of a venture capital firm, the founder of a pioneering medical devices firm, and senior managers in global consulting firms.

“Students have the chance to experience how data leads to analysis, which then allows the development of strategy and recommendations.”

Michael Kaufman, an alum of the School of Management and an industry leader in health information technology , provided the initial concept and seed funding for the initiative, while Jerry Abarbanel , a retired executive with many years of senor level experience in human resources and training, developed the program itself.  Jerry interacts directly with all participants, ensuring that each mentoring relationship is unique, with its focus and activities determined by the goals and interests of both the student and mentor.

Among the rich experiences the program provides are robust and stimulating one-on-one discussions, visits to the mentor’s organization, discussions with members of the mentor’s staff or other industry personnel, attendance at industry conferences, and participation in one or more projects.

Analysis and Consulting for Real-World Challenges

Two courses in the Health Sector Management Program put participants directly to work solving crucial challenges in the field. Through these applied learning opportunities, students have the chance to experience, tangibly, how data leads to analysis, which then allows the development of strategy and recommendations.

“We hold a deep belief that the curriculum should be driven by what students must learn to become outstanding contributors, performers, and leaders in the health sector.”

The Health Sector Consulting course, taught by Associate Professor Bobbi Clarke, assigns teams of 3-5 MBA students to semester-long management consulting projects for  life sciences, medical device, or health services/hospital organizations. Through this real-world engagement, students address a wide array of strategic issues in an area of their core personal and career interest.

Professor Joe Restuccia’s Health Information Technology course embeds an assignment in the curriculum that requires on-site observation and analysis of an operational health information system. Exposure to real life applications and mis-applications of technology bring students beyond the traditional classroom, providing an intensive experience in a real-world setting.

Both of these courses reflect the Program faculty’s deep belief that the curriculum should be driven by what students must learn to become outstanding contributors, performers, and leaders in the health sector. Professors Clarke and Restuccia have used these courses as a model in the field, presenting a session titled “Beyond the Classroom: Applying Lessons in the Real World,” at the 2011 Annual Meeting of the Association of University Programs in Health Administration, in Charleston, SC.