The U.S. health care delivery marketplace is consolidating. Integrated health systems are forming in rural and urban markets at an accelerating rate. “Integrated Health System” refers to a clinical care, business and delivery model where most, if not all, physicians required to meet a health system’s mission and clinical care goals are integrated with hospitals in a unified business structure.
As health systems reach a critical mass of integrated physicians, operating economics are changed such that more traditional hospital and medical group performance benchmarks, reference points and decision-making models become less useful to leaders. Likewise, traditional approaches to strategic and business planning and related predictive modeling are less applicable given the nature of the relevant performance metrics of integrated health systems.
The Management Fundamentals Certificate addresses the need for basic management education for clinical and administrative professionals in integrated health systems. Most health care provider organizations face a crisis in the availability of qualified management talent. In the next decade, a significant proportion of current managers in these organizations are expected to retire. This situation is exacerbated in integrated health systems where clinical professionals will be moved into top management positions.