Executive Leadership for Healthcare Professionals

Description

The program is designed to optimize and change the way you think about working with stakeholders at all levels to gather valuable feedback on proposed changes and projects. The curriculum focuses on critical topics like capital budgeting, including strategic planning, the basics of risk and return, and how to identify, measure and incorporate risk into capital budgeting decisions; leveraging executive decision making tools and formal methods to assess healthcare plans in light of regulations and ever-changing needs in the market; recognizing the need for creativity in the workplace, and recommended steps to foster creativity throughout a department or organization; and how to utilize each of these leadership capabilities to lead healthcare teams and projects with maximum success.

Who Should Enroll in This Certificate?

Enrollment

Courses in this Certificate

• Risk and Return: How to Identify, Measure, and Incorporate Into Capital Budgeting Decisions

  • Managers, directors and administrators in today's healthcare environment must have the right tools to identify relevant project risks and weigh those risks against expected returns in a competitive market. They must understand how the risk-return relationship is incorporated into capital-budgeting decisions.

    This two-week course provides non-financial management and staff with an understanding of the key factors that enter into capital budgeting decisions so they are better able to engage in meaningful dialogue with the healthcare facility's finance team.

    Discover how the risk-return relationship is measured and incorporated into capital-budgeting decisions. Explain why risk is a critical component of the capital-budgeting decision and what its impact is on the ultimate value of the investment under consideration.

    Course Format

    eCornell takes a problem-based approach to learning, and our courses are built around realistic case studies and scenarios. All courses are self-paced, and are facilitated by an eCornell instructor, who leads the online discussions and is available to answer any questions about the course content.

    This course contains the following modules:

    • Considering Investment Risk.
      • Investors and Risk.
      • Quantifying Risk and Return.
      • Two Kinds of Risk: Systematic & Unsystematic Risk.
    • How Firms Factor Risk into Capital Budgeting Decisions.
      • Systematic Risk.
      • Capital Asset Pricing Model.
      • Risk & Capital Budgeting Decisions.
    
    
    Benefits to the Learner
    After completing this course, participants will be able to:

    • Explain how risk enters into the capital budgeting decision and the impact it will have on the ultimate value of the investment under consideration.
    • Interpret what you read in the Wall Street Journal.
    
    
• Executive Decision Making

  • In today’s fast-paced, competitive business climate, executives need to be prepared to make smart decisions quickly and decisively. Making strategic decisions involves weighing risk and considering long-range implications for the organization.

    In this course, participants will learn how to apply formal decision-making processes in order to reduce risk and maximize benefit. Learn best practices and techniques for gathering data and making critical decisions with limited time and resources.

    Course Format

    All eCornell courses are delivered online and are self-paced. An eCornell instructor leads the online discussions, grades any course projects, and is available to answer specific questions about the course content.

    This course contains the following modules:

    • The Executive's Decision-Making Tasks
      • Organizational factors and personal characteristics that affect decision making
      • Framing and categorizing situations to aid in making effective, objective decisions
      • Conducting decision-tree analyses
      • Gathering data and evaluating it for completeness, relevance, and possible bias
    • Formal Methods for Executive Decision Making
      • Most common formal methods and when to use them
      • Bayesian analysis

    
    
    Benefits to the Learner

    After completing this course, participants will be able to:

    • Gather crucial data and resources to inform the decision-making process.
    • Identify appropriate situations for involving others in a decision-making process.
    • Ascertain risks, uncertainties, and ambiguities in an executive decision-making environment.
    • Overcome organizational factors that complicate decision making.
    • Apply formal methods such as decision trees and Bayesian analysis to arrive at appropriate decisions.

    
    
• Leading Through Creativity

  • Leaders that actively encourage creative thinking in their employees are often the ones that drive organizational innovation. The creative power of individuals in the workforce can and should push the development of new products and services to make the business more competitive.

    Mastering the creative process and spurring on innovation isn’t a matter of having the gift of creativity; it is a matter of applying technique and intelligence. Creative innovation is essential to growing market share and increasing profits.

    In this course, participants will learn to cultivate organizational creativity through a series of individual and group exercises to develop new ideas. Participants will also learn to enhance their own capacity for creative thought.

    Course Format

    eCornell takes a problem-based approach to learning, and our courses are built around realistic case studies and scenarios. All courses are self-paced, and are facilitated by an eCornell instructor, who leads the online discussions and is available to answer any questions about the course content.

    This course contains the following modules:

    • Developing Your Creativity
      • Characteristics of creative people in business environments
      • Using visualization techniques for enhancing your creativity
      • Techniques for developing creative approaches to business challenges
    • Developing Your Organization's Ability to Innovate
      • Creative techniques and processes for groups, including some that can be implemented online
      • Features that limit an organization's creative potential
      • Fostering creativity throughout the organization

    
    
    Benefits to the Learner
    Participants who complete this course will be able to:

    • Greatly expand their own capacity for creative thought.
    • Foster creativity throughout a department or organization.
    • Utilize techniques for developing creative approaches to business challenges.
    • Identify and overcome features in an organization that limit creative potential.
    • Recommend steps to foster creativity.
    
    
• Strategic Planning for Healthcare Organizations

  • Healthcare professionals often approach management like a service provider might approach a patient: identify a symptom or problem, make a diagnosis or analysis, and recommend a treatment plan. This is suitable for short-term initiatives and projects but not for executing long-term strategies for sustainability or growth.

    This course introduces students to strategic planning for healthcare organizations, encouraging modern business approaches. Participants learn to gauge their organization’s readiness; how to develop strategies that align with their organization’s core values; and how to involve both internal and external stakeholders in the planning process.

    Participants will also learn how to collect and analyze data to identify areas in need of improvement. Strategic planning training is highly valued and essential at all levels of healthcare administration.

    Course Format

    eCornell takes a problem-based approach to learning, building courses around authentic case studies and scenarios. All courses are delivered online and are self-paced. An eCornell instructor leads the online discussions, grades course projects, and is available to answer specific questions about the course content.

    This course includes the following modules:

    • Strategic Planning and Visioning
    • Dynamics and Benefits of Strategic Planning
    • Gauging Your Readiness
    • Strategic Visioning
    • Performing and Organizational Check-Up
    • Assessing the Organization: Porter’s 5 Forces
    • Assessing the Organization: The BCG Matrix
    • Finding the Gaps
    • Making a Diagnosis
    
    
    Benefits to the Learner
    After completing this course participants will be able to:

    • Create a strategic vision for their organization.
    • Collect and analyze data to inform their strategic planning process.
    • Identify areas for improvement and potential growth.
    
    
• Revising and Implementing Your Strategic Plan

  • Strategic plans should align with an organization’s overall mission and vision. They also require assessment and revision from time to time to ensure that they embody core values and meet projected goals. Building or revising a strategic plan requires the ability to manage debate and collaboration among peers, who often have conflicting agendas.

    Learn how to gain the buy-in of important stakeholders and decision makers; explore how internal and external environments affect strategic plans; and develop the skills to evaluate and refine them based on changes to these environments. This course shows how to conduct a group retreat where a team can set organizational goals and construct a plan for achieving them.

    Course Format
    eCornell takes a problem-based approach to learning, building courses around authentic case studies and scenarios. All courses are delivered online and are self-paced. An eCornell instructor leads the online discussions, grades course projects, and is available to answer specific questions about the course content.

    This course includes the following modules:

    • Planning a Retreat
    • Identifying and Involving Stakeholders
    • Planning to Plan
    • Conducting a Retreat
    • At the Retreat
    • Better Goals and Action Plans
    • Monitoring and Refining Your Plan
    • Establishing a Framework for Success
    • Measuring and Communicating Progress
    • Correcting Course
    
    
    Benefits to the Learner
    Learners who complete this course will be able to:

    • Develop goals and objectives related to a strategic initiative and an action to realize them.
    • Involve stakeholders in planning and implementing strategic plans.
    • Monitor progress and refine the strategic plan based on results.