COURSE NUMBER: MBA297C.1

 

COURSE TITLE: Innovations in Healthcare

 

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: Lecture

 

REQUIRED READINGS: 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: Final paper, class attendance and quality of participation.  Final paper will be 50% of the grade and class participation will be 50% of the grade.

 

ABSTRACT OF COURSE 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 investors (primary focus) as well as private equity investors and publicly traded companies evaluate and determine where to invest in a marketplace that represents nearly 20% of the U.S. GDP.  Through presentations by leading entrepreneurs, venture and PE investors and innovation leaders at publicly traded companies in the healthcare field, students will be challenged to reach conclusions regarding which healthcare sectors are the most promising for investing/partnerships/acquisitions and whether any of the individual companies presented reflect the best opportunities, particularly given shifts currently underway within the healthcare industry. This is not primarily a finance class, but more substantively about the nuances of emerging healthcare businesses and private venture and PE finance as applied to this very unique sector.

By the end of the course, students will:

- Understand how the market, broadly defined across venture, PE and publicly traded companies, 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 the myriad of changes in the healthcare system

-Know how to apply criteria for healthcare investing, partnerships and acquisitions.

-Present a rationale for investing decisions.

 

CAREER FIELD: Healthcare venture investing, healthcare entrepreneurship and start-ups, PE investing, publicly traded healthcare innovation,  healthcare delivery and insurance, healthcare policy and management.

 

BIOGRAPHICAL SKETCH:

Jeff Rideout MD currently is CEO of the Integrated Healthcare Association (www.iha.org), is an independent board member for publicly traded Amedisys and HMS, and an advisor to Bain’s Double Impact private equity fund.  Previously, Dr. Rideout was a Senior Advisor with GE Ventures and 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.

 

BIOGRAPHICAL SKETCH:

Lisa Suennen has spent 20 years as a healthcare venture capitalist following an entrepreneurial career. Lisa leads Manatt Phelps and Philip Digital and Technology Group as well as the Manatt Venture Fund.  Previously Lisa led GE Ventures healthcare fund and previously 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 and advisor to multiple healthcare entities and writes Venture Valkyrie, a widely read blog on healthcare and investing. She also hosts the Tech Tonics podcast, found on iTunes.  Lisa holds undergraduate and graduate degrees from UC Berkeley, where she is now on faculty at the Haas School of Business.