COURSE
NUMBER: MBA297C.1
COURSE
TITLE: Innovations in Healthcare Venture Capital
UNITS
OF CREDIT: 2.0
INSTRUCTOR:
Jeff Rideout and Lisa Suennen
E-MAIL
ADDRESS: jarideout@sbcglobal.net, lisasuennen@venturevalkyrie.com
PREREQUISITE(S):
Completion of one of the following classes or instructor
consent:
· Healthcare
in the 21st Century (MBA 297A-1)
· Venture
Capital and Private Equity (MBA 295B)
· New
Venture Finance (MBA 295D)
CLASS
FORMAT (Will there be lectures, cases, or a mixture?): Lecture
REQUIRED
READINGS (Not a list of specific readings but a statement of whether you will
use a textbook, cases, course reader, readings on reserve, or a mixture.):
Students
will be required to read all distributed course readings ahead of the
appropriate class lectures and to also conduct individual company research
ahead of each guest speaker. Required readings will be posted in advance
of each class when relevant. In addition, students will be required to
conduct their own research in support of their final paper. Grading will
be based in part on the degree to which positions taken in the final paper are
supported by the student's independent research
BASIS
FOR FINAL GRADE: (Midterm, final, paper(s), project(s), class participation, or
a mixture.) Final paper will be 50% of the grade and class participation
will be 50% of the grade. Class attendance will count toward class
participation.
ABSTRACT
OF COURSE'S CONTENT AND OBJECTIVES: The purpose of this course is to provide
students with insights into the newest innovations in healthcare service
delivery, information technology, digital health and analytics, with an
emphasis on how venture and private equity investors evaluate and determine
where to invest in a marketplace that represents nearly 20% of the U.S.
GDP. Through presentations by leading entrepreneurs and venture investors
in the field, students will be challenged to reach conclusions regarding which
healthcare sectors are the most promising for venture investing and which
individual companies presented reflect the best opportunities, particularly
given shifts currently underway within the healthcare industry driven by the
Affordable Care Act. This is not primarily a finance class, but more
substantively about the nuances of emerging healthcare businesses and venture
finance as applied to this very unique sector.
By
the end of the course, students will:
Understand
how the market drives the innovation culture in healthcare
Have
insights into current innovations in health care across three primary
sectors: healthcare services, information technology/analytics and
digital health.
Be able
to analyze risks and opportunities in young healthcare companies and understand
how companies are responding to changes in the healthcare system, including
health reform
Understand
key aspects of venture capital operations as it pertains to healthcare venture
capital
Know
how to apply criteria for healthcare venture capital investing
Present
a rationale for investing decisions
CAREER
FIELD: Healthcare venture investing, healthcare entrepreneurship and start-ups,
healthcare delivery and insurance, healthcare policy and management
BIOGRAPHICAL
SKETCH:
Jeff
Rideout MD currently is CEO of the Integrated
Healthcare Association (www.iha.org) and a Senior Advisor with GE
Ventures. Previously Dr. Rideout served as the
Senior Medical Advisor for Covered California, the California Health Insurance
Exchange, the Chief Medical Officer for Cisco Systems, Blue Shield of
California and the TriZetto Group, and holds academic
appointments with Stanford University as Consulting Professor, Department of
Health Research and Policy, and the University of California, Berkeley Haas
School of Business.
Lisa
Suennen s Managing Partner at Venture Valkyrie
Consulting, which serves venture capital firms and healthcare companies.
Previously Lisa co-founded and was a partner at Psilos
Group, a healthcare-focused venture capital firm. Earlier, Lisa helped build
Merit Behavioral Care, an $800mm behavioral healthcare company. Lisa is a board
member at multiple healthcare entities and writes Venture Valkyrie, a widely
read blog on healthcare and investing. In 2014 she published a book on
healthcare IT called Tech Tonics, Can Passionate Entrepreneurs Heal Healthcare
with Technology. Lisa holds undergraduate and graduate degrees from UC
Berkeley, where she is now on faculty at the Haas School of Business.