2016

Stories related to "Students". http://www.chicagobooth.edu/magazine/winter-2016/rss

feature

Lab Results

Marcia Kraniak—79 years old, from the South Side of Chicago—went home from the hospital eight weeks ago. She had been admitted to the University of Chicago Medical Center (UCM) with congestive heart failure and spent three days there. Fluid had built up in her body, and her heart was too weak to pump enough blood. She couldn’t move around easily. Two months after leaving the hospital, however, she’s doing well on her new regimen at home. Shortly after Kraniak arrived in the UCM emergency department, hospital staff identified that her medical condition, her home life, and her mental state made it less than likely that she would get well after she went home. A new admissions algorithm predicted she might have to come back to the hospital soon. So the cardiology and nursing teams at UCM applied a special new protocol on her behalf. They gave Kraniak (a patient invented for this article) a detailed plan to take care of herself—including instructions to eat better, lay off the salt, and try to take a short walk every day—and simplified her medications to help her stay on her regimen and get well more quickly. In the past, hospitals didn’t closely monitor whether patients had to be readmitted shortly after an original hospital visit. If patients returned with the same health issues, they got patched up again, the hospital got paid again, and nobody tracked how many patients made this boomerang trajectory.

conversations

Data and Healthcare Diagnostics

Nearly a year before his spring 2015 course began, professor Dan Adelman queried medical directors at Chicago-area hospitals to put forward their most pressing, most intractable issues—real-world problems for his MBA student teams to solve. These four challenges, from three institutions sharing unprecedented access to their data (normally a top-secret strategic asset), formed the foundation of last year’s Healthcare Analytics Laboratory: University of Chicago Medicine (UCM) wanted to evaluate a brand-new intervention—then in practice for only a few months—designed to reduce heart-failure readmissions within 30 days. Were patients leaving the hospital healthier? Was it saving money? And if it was working, could it be expanded across the hospital? UCM also sought to optimize the case mix in its vascular-surgery practice. What kinds of procedures should be their focus and specializations? How should the doctors grow their practices? What skill sets should they invest in or hire for?

perspectives

A Long Journey Made Short

My journey to Booth has been a very long one, yet somehow also short. It is just as my business professors emphasize: in the globalized landscape, time seems to move faster, and distances between places feel closer. So yes, it seems very far away, my childhood village in northern India, the slant-roof hut I shared among a dozen family members. During heavy rains all of us huddled together under the same dry strip to avoid the leaks. But small steps have brought me far. At the age of 13 I moved out of town with my younger brother, who was just 10, to attend primary school. We stayed in a lodge where we cooked and took care of ourselves. This would be our only hope to eventually get into college. Engineering was all anyone was talking about at the time, and my strength was math. But even the cheapest university engineering program would have cost about $2,000 a year, which my family could not spare. Today, just over a decade later and at Booth, I’m specializing in marketing strategy. The way I think about the subject is this: do not worry about figuring out how to sell things to people. Figure out what people need. That is where the demand is.

perspectives

Building a Global Network

“Building a global network” is one of the most often cited objectives I hear from my fellow students since we started our exciting journey in the Executive MBA Program Europe in 2014. It is not surprising that top ranked business schools nowadays are promoting the size of their alumni networks as one of their biggest selling points. However, the picture is far more complex. The pure size of an alumni network is not the only relevant factor to distinguish it from other institutions when promoting its global reach.<br/>