How to Fix Healthcare using Management Consulting Approach

What is the aim of this course?

Healthcare Systems do not work properly in most countries. A lot of people are left behind and the systems are usually extremely inefficient. On top of that, a lot of money is wasted. We also do not optimize the right things when it comes to healthcare. Using a rigorous approach from management consulting, you can drastically improve the situation, and help increase productivity in the whole economy. In this course, I will teach how to perform fast and efficiently different types of analyses during consulting projects related to healthcare.

In the course you will learn the following things:

1. What potential goals Healthcare System can have?
2. How to estimate the total costs of the Healthcare System?
3. How to identify potential improvements?
4. How to analyze potential improvements in the Healthcare system using Excel?
5. How to Eliminate a Health Problem
6. How to treat faster and more patients
7. How do set priorities in the Healthcare system?
8. How to cut costs without jeopardizing the quality of healthcare?

This course is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried out or supervised over 90 different performance improvement projects in different industries that generated a total of 2 billion in additional EBITDA. On the basis of what you will find in this course, I have trained in person over 100 consultants, business analysts, and managers who now are Partners in PE and VC funds, Investment Directors and Business Analysts in PE and VC, Operational Directors, COO, CRO, CEO, Directors in Consulting Companies, Board Members, etc. On top of that my courses on Udemy were already taken by more than 185 000 students including people working in EY, McKinsey, Walmart, Booz Allen Hamilton, Adidas, Naspers, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, and many others.

I teach through case studies, so you will have a lot of lectures showing examples of analyses, and tools that we use. To every lecture, you will find attached (in additional resources) the Excels as well as additional presentations, and materials shown in the lectures so as a part of this course you will also get a library of ready-made analyses that can, with certain modifications, be applied by you or your team in your work.

Why have I decided to create this course?

Healthcare System is a complicated system that is difficult to optimize. You have to look not only and the direct effect but also at different externalities. The situation is also very dynamic and depends heavily on demographics. That’s why projects devoted to healthcare are extremely difficult. Most firms don’t give you the full toolbox that you need. This may lead to huge frustration during such projects and a lot of inefficiencies.

Therefore, I have decided to create this course that will help students understand and optimize the Healthcare System during consulting projects. The course will give you the knowledge and insight into real-life case studies that will make your life during a consulting project much easier. Thanks to this course, you will know what and how to do during consulting projects devoted to the Healthcare System. You will master how to analyze data and draw conclusions from the analyses. On top of that, you will also get a lot of practical tips that will help you search for potential improvements.

To sum it up, I believe that if you want to become a world-class Management Consultant or Business Analyst you have to have a pretty decent understanding of how to improve public services such as healthcare. That is why, I highly recommend this course to Management Consultants or Business Analysts, especially those that want to move later to industries related to Healthcare. The course will help you become an expert in the improvement of the Healthcare System on the level of McKinsey, BCG, Bain, and other top consulting firms.

In what way will you benefit from this course?

The course is a practical, step-by-step guide loaded with tons of analyses, tricks, and hints that will significantly improve the speed with which you understand, and analyze businesses. There is little theory – mainly examples, a lot of tips from my own experience as well as other notable examples worth mentioning. Our intention is that thanks to the course you will learn:

1. What potential goals Healthcare System can have?
2. How to estimate the total costs of the Healthcare System?
3. How to identify potential improvements?
4. How to analyze potential improvements in the Healthcare system using Excel?
5. How to Eliminate a Health Problem
6. How to treat faster and more patients
7. How do set priorities in the Healthcare system?
8. How to cut costs without jeopardizing the quality of healthcare?

How is the course organized?

The course is divided currently into the following sections:

• Introduction. We begin with a little introduction to the course as well as some general info on how the course is organized
• How Much Does the Healthcare System Cost? Before analyzing and optimizing, it is a good idea to estimate how much we really spend on the Healthcare System. We will look at direct and indirect costs, along with externalities.
• Eliminate a Health Problem. The optimal solution is to fully eradicate a health problem. This is quite often possible, however, not enough money is invested in this area. In this section, we will see what kind of tools you can use and how you can do a cost-benefit analysis in this area.
• Treat Faster. There is a huge benefit coming from the fact that you treat faster patients. Patients can faster get back to their normal life and you have more resources to treat others. In this section, we will check the most useful tools and we will see how you can analyze their impact.
• Treat More Patients. Almost always you have more people that need to see the doctor than available doctors. That is why we will discuss now how you can try to treat more patients.
• Lower the Frequency of a Health Problem. One of the ways to help the Healthcare System is to decrease the need for treatments. This can be achieved also by lowering the frequency of occurrence of the Health Problem. We will explore it in this section.
• Cost Reductions in the Healthcare. In this section, we will discuss how you can cut the costs of the Healthcare System, without reducing the quality of service and the number of patients we are treating.
• Priorities in the Healthcare System. It’s time to see how we can set priorities when it comes to money allocation. In most cases no matter what you do the funds will be not sufficient to take care of all problems.

You will be able also to download many additional resources

1. Useful frameworks and techniques

2. Analyses shown in the course

3. Additional resources

4. Links to additional presentations, articles, and movies

5. Links to books worth reading

At the end of my course, students will be able to…

• How to estimate the total costs of the Healthcare System
• How to identify potential improvements
• How to analyze potential improvements in the Healthcare System using Excel
• How to set priorities in the Healthcare system
• How to cut costs without jeopardizing the quality of healthcare
• Treat more patients
• Treat faster patients

Who should take this course? Who should not?

• Management Consultants
• Business Analysts
• Managers working in Healthcare Systems
• People responsible for improving the Healthcare System
• Financial Controllers

What will students need to know or do before starting this course?

• Basic or intermediate Excel
• Basic knowledge of economics
• Basic or intermediate knowledge of finance & accounting