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Medical Industry Leadrshp Inst (MILI) Courses

Academic Unit: Mgmt, C L Carlson Sch of-Adm

MILI 3585 - Business of Healthcare Markets [SOCS]

(3 cr; A-F only; offered Every Fall)

Equivalent courses: was MILI 5585 until 03-SEP-19, was MILI 5990 until 04-SEP-18, MILI 6985 (starting 02-SEP-08, was MILI 6990 until 06-SEP-22)

The healthcare marketplace constitutes over three trillion dollars in the United States and several trillion spent throughout the world. With growing demand for medical technology and the aging of the population, the scale and complexity of the healthcare supply chain is expected to dramatically increase over the next two decades. The healthcare sector is comprised of several markets for goods and services, including physician services, hospital services, insurance, pharmaceuticals and medical devices, and information technology. At the core of it all is healthcare consumers: us as patients, patient family members, and caregivers. This course aims to 1) provide a historical evolution and social transformation of the healthcare sector, 2) critically review the current survey of the health economy, 3) discuss new health policy and reform initiatives and compare to international health system models. The overall goal is to provide an understanding of the scale and interactions between different health sector markets and consumers and to identify market opportunities and policy initiatives, as well as barriers to this expanding and global industry.

MILI 3589 - Medical Technology and Society [TS]

(3 cr; A-F or Audit; offered Every Spring)

Equivalent courses: was MILI 5589 until 22-JAN-19

Course Description Innovations in medical technologies are one of the leading areas of economic growth in the world. Whether new technologies take the form of pharmaceutical, medical device, biotechnology, information technology of some combination of these innovations, the opportunities for both private enterprise and social welfare are substantial. However, these innovations are not without cost, and require reimbursement from either a privately or publicly financed health care delivery system. Thus, the demand for the evaluation of new medical technologies continues to grow as new treatments are developed and health care costs continue to rise. This course aims to provide knowledge of the skills, data, and methodology required to critically evaluate new medical technologies from a social perspective as well as from a business perspective in order to meet financial investment and regulatory compliance objectives. The course will provide an introduction to the analytic tool kit needed to critically evaluate new medical technologies including: 1. Understanding regulatory pathways such as the FDA approval 2. Understanding the U.S. payment policy & reimbursement for medical technology 3. Assessing unmet needs and the relevant market for the technology 4. Evaluating the social and economic value to convince payers to cover and reimburse the technology 5. Recognizing provider, healthcare organization and market-level factors that influence adoption of new medical technologies. Throughout the course, students will work on team-based hands-on exercises that will provide them gain further understanding of the impact of medical technology from the perspectives of an innovator, a regulator, a payer, a public entity, and consumers of the medical technology including physicians, hospitals, health systems and patients.

MILI 3963 - Health Market Analytics

(3 cr; Prereq-BA 2551 or equivalent stats course; A-F only; offered Every Spring)

This course prepares students to analyze large health care databases with a focus on advanced applications with health insurance claims data. The course is designed to be a STEM offering with the use of statistical programming languages including R, Tableau, and SAS. This course is designed to appeal to students with an interest in developing data science as core skill and already have knowledge of some programming tools and experience with data manipulation in Excel, SQL, or Access.

MILI 5995 - Medical Industry Valuation Laboratory

(2 cr; Prereq-instr consent; A-F only; offered Every Fall, Spring & Summer)

Interdisciplinary student teams create rapid production market analysis of promising medical technologies/services to determine potential for success in market. Exposure to University innovations, venture firms, inventors.

MILI 5999 - Independent Study

(1 cr [max 8]; A-F only; offered Every Fall, Spring & Summer; may be repeated for 16 credits; may be repeated 2 times)

Independent study.

MILI 6235 - Pharmaceutical Industry: Business and Policy

(2 cr; A-F only; offered Every Spring)

Business/policy issues specific to pharmaceutical industry. Interdisciplinary perspectives, active involvement by industry leaders.

MILI 6421 - Healthcare Law: Stratrategic and Business Implications (Topics course)

(2 cr; A-F only; offered Every Fall)

This course will survey fundamental healthcare laws that apply to a wide variety of healthcare businesses, and will examine their impact on business strategy and operations. The goal is to enable current and prospective managers and leaders in the healthcare space to understand compliance requirements and how healthcare law impacts business strategy and decisions. In the end, healthcare law can be a competitive advantage. In addition, the course will address key current healthcare policy challenges and how these impact business environment and strategy.

MILI 6562 - Information Technology in Health Care

(2 cr; Prereq-MBA student; A-F only; offered Every Fall)

Theoretical/conceptual base for health care information technology. Applications of current/developing health IT. Approaches to evaluate effectiveness of health IT systems. Information technology, computer technology, and data structures commonly found in health care information systems. Information system design/evaluation.

MILI 6589 - Medical Technology Evaluation and Market Research

(2 cr; A-F only; offered Every Spring)

This course aims to provide knowledge of the skills, data, and methodology required to critically evaluate new medical technologies in order to meet financial investment as well as regulatory compliance objectives, such as FDA approval. The course is designed to provide an introduction to the analytic tool kit needed to critically evaluate new medical technology, such as cost-benefit analysis, cost effectiveness analysis as well as other decision-analytic models and markov-models.

MILI 6726 - Medical Device Industry

(2 cr; A-F only; offered Every Fall)

This course, with the insight of industry leaders, addresses the evolution of the public-private sector of the medical device industry across business, policy, regulatory, and technology management while keeping the patient front and center.

MILI 6920 - MILI Topic Course (Topics course)

(2 cr; A-F only; offered Periodic Fall & Spring; may be repeated for 8 credits; may be repeated 4 times)

Discussion and analysis of current topics and developments in the medical industry.

MILI 6963 - Healthcare Analytics

(2 cr; A-F only; offered Every Spring)

This course prepares students to analyze large health care databases with a focus on advanced applications with health insurance claims data. The course is designed to be a STEM offering with the use of statistical programming languages including R, Tableau, and SAS. This course is designed to appeal to students with an interest in developing data science as a core skill and already have knowledge of some programming tools, and experience with data manipulation in Excel, SQL, or Access. The course utilizes a novel synthetic health insurance claims database representing 300 million covered lives of the major private and publicly insured insured populations in the United States. Major topics include market sizing, actuarial projection, quality of care metrics, and national health account calculation.

MILI 6985 - The Health Care Marketplace

(2 cr; Prereq-MBA student; A-F only; offered Every Fall & Spring)

Equivalent courses: was MILI 6990 until 06-SEP-22, MILI 3585 (starting 17-JAN-12, was MILI 5585 until 03-SEP-19, was MILI 5990 until 04-SEP-18)

Survey of trillion dollar medical industry. Physician/hospital services, insurance, pharmaceuticals, medical devices, information technology. Scale, interactions, inter-relationships, market opportunities, barriers.

MILI 6991 - Anatomy and Physiology for Managers

(2 cr; A-F only; offered Every Spring)

Overview of medical vocabulary/physiology of major body systems. Understanding current clinical practice. Market opportunities of major body systems, Medical technology innovation.

MILI 6992 - Healthcare Delivery Innovations:Optimizing Cost and Quality

(2 cr; A-F only; offered Every Fall)

Understand stakeholders that impact healthcare delivery including providers, payers, employers and patients and how they are trying to transform this unique value chain to improve care while reducing cost.

MILI 6995 - Medical Industry Valuation Laboratory

(2 cr; Prereq-Grad student; A-F only; offered Every Fall, Spring & Summer; may be repeated for 6 credits; may be repeated 3 times)

Interdisciplinary student teams create rapid production market analysis of promising medical technologies/services to determine potential for success in market. Exposure to University innovations, venture firms, inventors.

MILI 6996 - Medical Industry Valuation Laboratory II

(2 cr [max 4]; Prereq-Approved application; A-F only; offered Every Fall & Spring; may be repeated for 10 credits; may be repeated 3 times)

Interdisciplinary student teams create rapid production market analysis of promising medical technologies/services to determine potential for success in market. Exposure to University innovations, venture firms, inventors.

MILI 6997 - MILI Global Valuation Lab

(4 cr; A-F only; offered Periodic Summer; may be repeated for 12 credits; may be repeated 3 times)

Global version of medical industry leadership institute valuation lab. Assess value of proprietary inventions.

MILI 6998 - MILI Fellows

(0 cr [max 2]; A-F only; offered Every Fall & Spring; may be repeated for 6 credits; may be repeated 3 times)

Fellows will apply the knowledge they have acquired in the MILI Valuation Lab course to assess the commercial viability of innovations developed by the Medical Device Center?s Innovation Fellows.

MILI 6999 - Independent Study (independent study)

(0 cr [max 8]; A-F only; offered Every Fall, Spring & Summer; may be repeated for 16 credits; may be repeated 2 times)

Independent study.

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