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.