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Healthy Business? Managerial Education and Management in Health Care

Nicholas Bloom1; Renata Lemos2; Raffaella Sadun3; John Van Reenen4

1 Stanford University, SIEPR, NBER · 2 World Bank, CEP-LSE · 3 Harvard University · 4 MIT, CEP-LSE

The Review of Economics and Statistics 2020 open access

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 closer to universities offering both medical education and business education have lower mortality rates from acute myocardial infarction (heart attacks), better management practices, and more MBA-trained managers. This is true compared to the distance to universities that offer only business or medical education (or neither). We argue that supplying bundled medical and business education may be a channel through which universities improve management practices in hospitals and raise clinical performance.

DOI
10.1162/rest_a_00847
Volume
102 (3)
Pages
506-517
Language
en
Export
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