About this Course
4.7
61 ratings
6 reviews
Specialization
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100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 8 hours to complete

Suggested: 11 hours/week...
Available languages

English

Subtitles: English
Specialization
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Hours to complete

Approx. 8 hours to complete

Suggested: 11 hours/week...
Available languages

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
Hours to complete
1 hour to complete

Module 1

This module was designed to give you a deeper understanding of the history and structure of the American health care system. You’ll begin by examining the history of health care providers and improvements in health care technology throughout the years. Then you’ll look at the different evolutions of insurance throughout history, the purpose of health insurance, and the inherent issues and solutions within the concept of insurance. You’ll learn key aspects of Medicare, Medicaid, and other government programs that increase access to health care. Then, you’ll evaluate the Iron Triangle of Health Care—quality, cost, and access—and the main areas of focus and tension for health care policy. By the end of this module, you’ll have a richer understanding of the growth of health care providers, insurance, and government programs and their impact on health care access....
Reading
9 videos (Total 58 min), 1 reading, 1 quiz
Video9 videos
History: Health Insurance5m
History: Government Programs3m
Introduction to Health Insurance5m
The Structure of Health Insurance5m
Medicare5m
Medicaid and Other Government Programs4m
The Iron Triangle of Health Care9m
Alternative Payment Models8m
Reading1 reading
PDFs of Module 1 Slides10m
Quiz1 practice exercise
Module 1 Quiz20m
Week
2
Hours to complete
1 hour to complete

Module 2

In this module, you’ll be introduced to the concept of insurance, and focus more closely on the structure and components of insurance. You’ll also learn what determines the size of an insurance premium and why people demand health insurance. Through analyzing the problem of moral hazard and asymmetric information, you’ll accurately measure the impact of cost-sharing arrangements, such as deductibles and copays. By the end of this module, you’ll be able to identify why people are willing to pay insurance, how companies quantify how much people are willing to pay for insurance, and effectively discover solutions to both asymmetric information and adverse selection....
Reading
6 videos (Total 58 min), 1 reading, 1 quiz
Video6 videos
Risk Aversion10m
Moral Hazard10m
Cost Sharing8m
The Price of Insurance9m
Adverse Selection8m
Reading1 reading
PDFs of Module 2 Slides10m
Quiz1 practice exercise
Module 2 Quiz20m
Week
3
Hours to complete
1 hour to complete

Module 3

In this module, you’ll examine the role of the physicians and hospitals in the health care ecosystem. You’ll explore the different types and payment methods for both physicians and hospitals, and how hospitals utilize these methods to maximize profit. Through analyzing the Health Care Value Chain and Principal-Agent Problem from Economics, you’ll be able to establish the unique importance of physicians in the health care markets as a perfect agent, and the different approaches and implications of this relationship. You’ll also gain a general overview of the characteristics that define hospitals, the effects of different trends on the decline in number of beds in hospitals, and two common hospital practices to address this issue: cost shifting and cross subsidization. By the end of this module, you’ll be able to better understand the role of physicians and hospitals in health care markets and employ best practices and maximize profit for your health care organization....
Reading
8 videos (Total 58 min), 1 reading, 1 quiz
Video8 videos
Physicians and Nurses6m
Other Providers and Regulators3m
Physician Agency9m
Introduction to Hospitals: Part 16m
Introduction to Hospitals: Part 26m
Cost Shifting9m
Cross Subsidization9m
Reading1 reading
PDFs of Module 3 Slides10m
Quiz1 practice exercise
Module 3 Quiz20m
Week
4
Hours to complete
1 hour to complete

Module 4

In this module, you’ll explore a range of other health care providers outside of physicians and hospitals. Through the examination of different examples of post-acute care such as hospices, you’ll develop a better understanding of the shift toward holistic care and support in post-acute care providers. You’ll also discover the benefits of vertical integration, and how you can better allocate resources and offer competitive pricing. Finally, you’ll be introduced to the methods of government intervention in health care and learn more about various antitrust legislations such as the Sherman Act, the Clayton Antitrust Act, and Federal Trade Commission Act. By the end of this module, you’ll have a deeper understanding of the health care ecosystem, and how various providers of health care affect each other within that system....
Reading
5 videos (Total 40 min), 1 reading, 1 quiz
Video5 videos
Hospice Care7m
Vertical Integration7m
Introduction to Regulation8m
Introduction to Antitrust8m
Reading1 reading
PDF of Module 4 Slides10m
Quiz1 practice exercise
Module 4 Quiz20m

Instructors

Avatar

Ezekiel J. Emanuel, MD, PhD

Diane v.S. Levy and Robert M. Levy University Professor
Department of Medical Ethics and Health Policy
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Guy David, PhD

Gilbert and Shelley Harrison Associate Professor of Health Care Management
Department of Health Care Management

About University of Pennsylvania

The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies. ...

About the The Business of Health Care Specialization

This Specialization was designed to help you keep pace with the rapidly changing world of health and health care. Through partnership with Wharton and Penn Medicine, you’ll learn from experts in business acumen, health care management, and health care policy to develop the skills you’ll need to successfully navigate the quickly evolving landscape of this fast-growing field.* By the end of this specialization, you will have a strong foundational understanding of the American health care system, along with the basic financial and management skills to make better, well-informed decisions that improve the cost and quality of the health care you or your enterprise provides. *The employment of medical and health services managers is projected to grow 17% from 2014 to 2024, significantly faster than the average for all occupations. Source: Bureau of Labor Statistics, US Department of Labor. “Occupational Outlook handbook 2016-17 Edition. Medical and Health Services Managers.”...
The Business of Health Care

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.