Healthy Business? Managerial Education and Management in Healthcare

48 Pages Posted: 20 Sep 2017 Last revised: 22 Sep 2017

See all articles by Nicholas Bloom

Nicholas Bloom

Stanford University - Department of Economics; National Bureau of Economic Research (NBER)

Raffaella Sadun

Harvard University - Strategy Unit; London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP); National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Renata Lemos

World Bank

John Van Reenen

Massachusetts Institute of Technology (MIT)

Multiple version iconThere are 2 versions of this paper

Date Written: September 17, 2017

Abstract

We investigate the link between hospital performance and managerial education by collecting a large database of management practices and skills in hospitals across nine countries. We find that hospitals that are closer to universities offering both medical education and business education have higher management quality, more MBA trained managers and lower mortality rates. This is true compared to the distance to universities that offer only business or medical education (or neither). We argue that supplying joint MBA-healthcare courses may be a channel through which universities increase medical business skills and raise clinical performance.

Keywords: management, hospitals, mortality, education

JEL Classification: M1, I1

Suggested Citation

Bloom, Nicholas and Sadun, Raffaella and Lemos, Renata and Van Reenen, John, Healthy Business? Managerial Education and Management in Healthcare (September 17, 2017). Harvard Business School Strategy Unit Working Paper No. 18-025. Available at SSRN: https://ssrn.com/abstract=3039454 or http://dx.doi.org/10.2139/ssrn.3039454

Nicholas Bloom

Stanford University - Department of Economics ( email )

Landau Economics Building, Room 231
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HOME PAGE: http://economics.stanford.edu/faculty/bloom

National Bureau of Economic Research (NBER) ( email )

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Raffaella Sadun (Contact Author)

Harvard University - Strategy Unit ( email )

Harvard Business School
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United States

HOME PAGE: http://people.hbs.edu/rsadun

London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP) ( email )

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United Kingdom

HOME PAGE: http://cep.lse.ac.uk/_new/staff/person.asp?id=1758

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
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United States

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Renata Lemos

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

John Van Reenen

Massachusetts Institute of Technology (MIT) ( email )

77 Massachusetts Avenue
50 Memorial Drive
Cambridge, MA 02139-4307
United States

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