The healthcare industry now requires executives to be savvy about alternative payment models. So Florida International University is adding a new component to the capstone project its physician students are required to complete to receive a master's degree in business administration.
FIU's Chapman Graduate School of Business has formed a partnership with West Kendall Baptist Hospital in Miami to allow its physician-executive students to examine an actual hospital business problem involving payment under new reimbursement models, said Miriam Weismann, clinical professor of business law at the university.
The project will begin with eight weeks of data-mining and research. Students then meet weekly and analyze the problem for eight weeks, using modules for law, finance and accounting, Weismann said. At the conclusion, students will present a solution to the hospital for evaluation, she said.