MSc IN MANAGEMENT OF HEALTH INDUSTRIES PREPARE YOURSELF FOR A MEANINGFUL CAREER IN THE HEALTHCARE INDUSTRIES The pioneering spirit
2 ESSEC Business School, The Pioneering Spirit CREATED IN 1907, ESSEC BUSINESS SCHOOL IS AN ACADEMIC INSTITUTION OF EXCELLENCE WHICH THROUGHOUT ITS HISTORY HAS BEEN CHARACTERIZED BY ITS PIONEERING SPIRIT. In both full-time education and executive education, ESSEC proposes a wide range of programs to all those wanting to obtain an extraordinary learning experience, strengthen their talent, express their leadership and become truly high-level managers. International Rankings Business Education 2015 #3 Master of Science in Management #6 Master in Finance #12 Executive Education Programs A centennial institution with a wide network of academic and corporate partners throughout the world, ESSEC has opted to focus its strategic development on three principles: innovation, involvement and internationalization which compose the three axes of the ESSEC 3i strategy that will be implemented from here until 2020. An institution nourished by research and committed to an ambitious development of alliances with leading institutions, ESSEC constantly strives to bring its students face to face with cutting-edge knowledge at the crossroads of discipline and to provide them with the latest technologies. Hallmarked by a profound humanistic tradition, ESSEC has succeeded not only in making the link between business and society a major subject of research, but it is also one of the fundamental components in the training of responsible managers. ESSEC thereby affirms the necessity of putting innovation, knowledge and the creation of value at the service of the wider community. With students coming from 84 different countries, a largely international faculty body and a campus in the Asia-Pacific region since 2005, ESSEC is both an international and multicultural institution. This internationalization is strengthened by the building of a new, 6,500 m2 campus in Singapore and the implementation of development projects in Africa and Latin America. These three axes innovation, involvement and internationalization forge ESSEC s learning philosophy that is common to all its programs: accompany our students throughout a learning journey aimed at opening them up to new, unthought-of opportunities. Studying at ESSEC means creating your own path towards the future and joining a supportive community of 47,000 graduates worldwide! Welcome to ESSEC! 47,000 graduates worldwide 7 17 26 142 3 campuses in Cergy, Paris-La-Défense and Singapore 2,000 degrees awarded each year, including 1,600 at graduate level 176 partner universities in 46 countries centers of excellence corporate chairs permanent Faculty of 34 nationalities and 18 emeriti professors double degree programs (21 international, 5 national)
3 Message from the Dean Since 1907, ESSEC Business School has been a pioneer in its commitment to meeting the challenges of an increasingly boundless, uncertain, and high-tech future. Today, that means offering students a unique learning experience: on the foundations of cutting-edge research, ESSEC blends academic study with practical experience while focusing on the importance of cross-cultural dialogue. ESSEC gives its students the tools they will need to understand complexity, anticipate challenges, create value, and take the initiative in Europe, Asia, or wherever their careers may take them. Thanks to this skill set, ESSEC graduates embark on their careers prepared to lead and shape the strategic direction of some of the world s top firms and organizations. Launched in 2014 and delivered at ESSEC s Asia-Pacific campus in Singapore, the MSc in Management of Health Industries is built on this perspective. Dedicated to healthcare management, a key issue in the Asia-Pacific region, the program draws on the expertise and experience of ESSEC s professors and their extensive research in healthcare management. Designed to meet future challenges of the healthcare industries, the program aims to nurture the potential of promising professionals to help them capture new business opportunities and become effective managers in their respective fields. With the MSc in Management of Health Industries, participants not only strengthen their skills to better meet the needs of the industry, they also learn to assert their leadership and management capabilities in complex and demanding environments. Does the ESSEC pioneering spirit inspire you? Enrol in the ESSEC MSc in Management of Health Industries. Dr. Jean-Michel Blanquer Dean and President, ESSEC Business School 4,880 5,000 students in full-time undergraduate and graduate programs managers in executive education 28% international students 84 nationalities represented +100 student organizations More than700 partner companies in education and recruitment
4 Foreword by the Academic Director Rapid economic growth in the Asia-Pacific region has dramatically impacted the healthcare sector. There is a growing demand for accessible, high-quality healthcare services and therapeutic innovations, as well as a concurrent demand for health insurance that includes universal healthcare. The Asia-Pacific region has become increasingly attractive to the global healthcare industry, especially at a time when historical markets are maturing. At the same time, Asian governments, particularly Singapore s, understand the importance of encouraging innovation in life sciences to enhance their citizens health and contribute to the country s economic growth. The MSc in Management of Health Industries program aims to train future managers for the healthcare industry and equip them with expertise and knowledge specific to Asia-Pacific. This unique program focuses on the need for exceptionally specialized executives in the pharmaceutical and medical device industry. We developed the program based on ESSEC s experience in research and education for the industry, as well as the talent needs of the industry in the Asia-Pacific region, as told to us by industry leaders and our corporate partners. The program is intensive altogether, more than 400 hours but customized to allow professionals and graduates to further their career while continuing to improve their skills and knowledge. It allows them to lead successful careers in a strategic industry by equipping them with cross-functional management skills and technical, analytical skill sets. We have tailored the program to meet the needs of both the industry and participants while maintaining high academic expectations. Program participants can also leverage the rich experience and strong networks of the Institute of Health Economics and Management (IHEM) at ESSEC. IHEM established its Asia-Pacific branch in Singapore in 2011, striving to develop educational programs that target high-level policy decision-makers and executives from the pharmaceutical and medical device sectors. It has successfully held three international forums in Singapore and Shanghai, bringing together policy decision-makers, company executives, academics and healthcare professionals to discuss issues related to improving healthcare access and matching innovations to the needs of different populations in the Asia-Pacific region. On behalf of ESSEC Business School and IHEM, I welcome you to the MSc in Management of Health Industries program. Prof. Gérard de Pouvourville, Ph.D. Academic Program Director, MSc in Management of Health Industries Chaired Professor at ESSEC Business School for Health Systems Director of the Institute of Health Economics & Management
5 Prepare Yourself for a Meaningful Career in the Healthcare Industry Leveraging ESSEC Business School s excellence in analytics and management as well as its long-held expertise in the healthcare industry and its specific dynamics, the MSc in Management of Health Industries provides comprehensive insights into healthcare management based on the European experience while integrating regional healthcare management best practices. Our uniquely designed program is tailored for professionals and executives devoted to the business of healthcare. In line with ESSEC s pedagogy of learning by doing, our curriculum blends classes with case studies and is taught by both ESSEC faculty and industry experts. You will gain expertise from our faculty s research and academic experience, as well as real-life case studies and practical applications provided by industry experts. Program Highlights Gain a truly Asian perspective, with case studies taught by industry thought leaders and professors from Europe and Asia Develop cross-functional management skills in addition to acquiring technical and analytical skill sets Boost innovative ideation to solve complex real-world issues by completing a thesis-formatted Health Challenge Project under the mentorship of a professor and an industry leader Access ESSEC s expertise and network of academia and corporate partners in the healthcare industries The MSc in Management of Health Industries program is specifically designed to meet the growing talent needs of Asia s increasingly influential healthcare industries. The first-of-its-kind in Asia, the program equips students for a meaningful career in healthcare industries through emphasis on development of key management skills coupled with necessary analytical acumen and commercialization know-how. Mr. Joe Caputo Executive Program Director, MSc in Management of Health Industries Associate Director, Institute of Health Economics and Management Asia-Pacific
6 Program Curriculum What we offer our future leaders. Strategic Management Through this module, you will learn how to set direction and integrate the actions of different parts of an organization so as to sustain and improve performance in the healthcare industry. Financial Management Structured around case studies that are relevant to different aspects of the healthcare industry, this module introduces you to the main analytical methods and tools used in decisionmaking related to investment, finance and operations. Strategic Marketing Explore the dual frameworks of thinking about marketing strategy in pricing and placement as well as insights into a range of tactical alternatives. By employing a stepwise approach, this module illustrates how real companies gain a competitive edge amid the healthcare industry s changing landscapes. Foundational Management Modules Understanding the Healthcare Environment in Asia-Pacific Through this module, you will learn about the healthcare industry as well as the diverse health policies and systems of countries in the region. Research & Development Grasp the challenges of innovation management in the healthcare industry. With specific emphasis on ethical issues and managerial perspectives on clinical trials, this module uses case studies to illustrate medicinal regulation and developmental innovation. Healthcare functional modules Market Access Identify key issues and strategic considerations in registration, reimbursement and regulation for market access within Asia. You will also be exposed to the implications and requirements associated with ensuring patient access to appropriate treatment at the right price. Health Economics and Health Technology Assessment Review basic principles and concepts of health economic evaluations and apply various methods and techniques in the context of Health Technology Assessment (HTA). Evolving Business Models The complexity of the industry and diversity of Asia-Pacific markets present a challenge to healthcare leaders to strategize and develop effective business models. Through this module, you will learn how to create successful business models by discussing and analyzing current trends and business strategies. Support Modules You will also be exposed to broad-based support modules and skills development that meet the needs of healthcare leaders in the following areas: Negotiation Skills Leadership and Entrepreneurship Research Methodologies (Qualitative and Quantitative Research) Epidemiology Health Challenge Project As part of the program, you are required to complete a thesis-formatted Health Challenge Project under the mentorship of a professor and an industry leader. This encourages innovative ideation to solve complex real-world issues.
7 Program Framework The MSc in Management of Health Industries is a 1-year program delivered in Singapore through evening sessions and Saturdays fortnightly. Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Induction Classes: Evening sessions & Saturdays fortnightly Block Week Block Week Block Week Block Week Health Challenge Project (Thesis) Interim Thesis Presentation Thesis Oral Defense The program provides an excellent point of view on the challenges and opportunities for the Healthcare Industry, in particular in the rapidly changing Asia-Pacific region. I believe this is critical perspective for any current or aspiring global healthcare business professional given the enormous potential in this region. I also find that the professors are catalytic, knowledgeable and focused on making the pedagogy actionable, and the school provides an inspirational, world-class learning environment true to ESSEC s pioneering spirit. Mayank Gurnani MSc in Management of Health Industries Participant
8 A World-class Faculty with Asian Expertise We pride ourselves on our multicultural team. During your time with ESSEC Business School, Asia-Pacific, you will work alongside faculty members and a wide range of industry experts from the region and beyond. Our permanent faculty boasts 142 professors representing 34 different nationalities and over 300 affiliates. This impressive pool of knowledge and expertise has enabled us to take a leading role in developing 866 academic papers and books over our last five years of research activity. Our reputation for research excellence positioned us as a leader on the world stage for the creation of new management ideas, approaches and concepts. Year after year, our ESSEC faculty produces research that is published in some of the world s best academic journals and has garnered 47 French and international awards. We also aim to strengthen our research capabilities to create and disseminate the most relevant knowledge for managers and organizations in Asia. Pan-Asian partnerships & centers of excellence in Asia-Pacific ESSEC has partnered some of Asia s most prestigious universities to help our students tap into their regional expertise. Our partner universities include: Keio University (Japan), Fudan University (China), Peking University (China), Seoul National University (South Korea), I.I.M. Ahmedabad (India) and National Taiwan University (Taiwan). To help you reach and exceed your learning potential, you will receive the best and most relevant academic aids available, including access to some of our leading centers of excellence and research institutes, which include: Center of Excellence for Impact Entrepreneurship Institute of Health Economics and Management, IHEM Asia-Pacific Institute for Research and Education on Negotiation, IRENE Asia-Pacific Institute for Sustainable Development and Smart Cities, ISDSC The health industry is one of the largest industries in the world. However, financial management in this industry is challenging because of the huge cost and uncertainty involved in research and development of products. The module on Financial Management in Health Industries is structured around cases relevant in different aspects of this industry. The module will provide students with tools & techniques to make better financial decisions which can promote the financial well-being of the organization. Prof. Peng Xu Assistant Professor, Department of Finance
9 Key Faculty Behind the Program Prof. Gérard de Pouvourville, Ph.D. Academic Program Director Chaired Professor at ESSEC Business School for Health Systems Director, Institute of Health Economics and Management Prof. Kevyn Yong Academic Dean, ESSEC Business School, Asia-Pacific Associate Professor, Department of Management Mr. Joe Caputo Executive Program Director, MSc in Management of Health Industries Associate Director, ESSEC Institute of Health Economics and Management Asia-Pacific Mrs. Annie Chicoye Senior Lecturer Executive Director for Development, Institute of Health Economics and Management Prof. Arijit Chatterjee Associate Professor, Department of Management Prof. Reetika Gupta Associate Professor, Department of Marketing Prof. Karine Lamiraud Associate Professor, Department of Economics Prof. Peng Xu Assistant Professor, Department of Finance
10 Institute of Health Economics and Management, ESSEC Business School A Center of Excellence in Healthcare Management As a student of the MSc in Management of Health Industries program, you will benefit from the rich experience and strong academic and corporate partnerships of the Institute of Health Economics and Management (IHEM). IHEM was set up to promote high-level education in healthcare policy and management worldwide. Together with a team of committed faculty members and permanent researchers, IHEM hosts two eminent chairs the Chair of Health Systems and the Chair of Therapeutic Innovation and offers a range of executive and academic programs for professionals working in health organizations such as hospitals, bio-pharmaceutical companies and public health agencies. ESSEC continues to extend its regional reach through relationships with partner companies, public health agencies, professors and students, as well as with the School of Public Health, Fudan University in Shanghai and Keio Business School in Tokyo. This encourages the exchange of knowledge and ideas between academic experts, policy makers and business professionals. Benefiting from educational grants from ABBVIE, EFPIA, IPSEN, JANSSEN, LUNDBECK, SANOFI, UCB and VIFOR PHARMA, IHEM is fully dedicated to funding the development of activities in the Asia-Pacific, including the intensive Health Technology Assessment programs and Annual Health Policy Decision-Makers Forums. Vifor Pharma is proud to support the foundation and implementation of the new Institute of Health Economics and Management, ESSEC Business School and thus, contribute to improved efficiency towards sustainable healthcare systems in the Asia-Pacific region. We are committed to support this initiative because of ESSEC s international knowledge, network and reputation in healthcare sciences. We see great opportunities working together with ESSEC and healthcare stakeholders in Asian countries. Jorge Wernli, VP Pricing & Government Affairs, Vifor Pharma IHEM Academic Partners IHEM Corporate Partners
11 IHEM Initiatives Annual Health Policy Decision-Makers Forum The Forum is a high-ranking international conversational platform that allows key opinion leaders in policy-making bodies, academia and the healthcare industry to exchange perspectives on top-priority health issues encountered by Asia-Pacific countries, as well as innovative solutions to tackle these pressing problems. Following the successful First and Second Health Policy Decision-Makers Forum Asia-Pacific (the Forum) in Singapore and Shanghai, we held the third Forum at our newly inaugurated Asia-Pacific campus on 5 and 6 June 2015. It attracted more than 100 participants from across the region and addressed the following topics: Policy models considering their spill-overs and compatibility with sustainable and affordable access to care Experiences and concerns from global companies investing in the Asia-Pacific region Diversity of solutions for the region in light of varied economies and healthcare systems Health Business and Society (HBS) Public Talk Series The Health, Business and Society (HBS) Public Talk series aims to facilitate and disseminate insights to the industry s stakeholders, so as to deliver meaningful recommendations to both public and private policy decision-makers. Since 2014, we have successfully held 10 public talks, featuring speakers from academia as well as the public and private sectors. Health Technology Assessment Workshop This executive workshop by IHEM is designed for executives in charge of shaping and implementing rules and regulations for access to healthcare technologies in their respective countries (e.g. policy makers, national and regional health authorities, health insurers and healthcare providers). It aims to provide participants with a practical framework for Health Technology Assessment based on precise definitions and standard methods. The workshop also makes use of case studies to showcase past successes and failures, allowing participants to draw lessons so as to benefit their own respective systems. Health Sciences has been one of the major domains prioritized by the government of Singapore. The city-state is a major hub for life sciences research. Major healthcare companies have found in the country an extremely favorable environment to locate their operations for the Asia-Pacific region, and investment in higher education, including medical and business schools, is impressive. This promises both a stimulating environment for ESSEC Business School and an exciting opportunity to connect with all Asian major markets. Prof. Gérard de Pouvourville, Director, Institute of Health Economics and Management, ESSEC Business School The workshop has been successfully conducted in China, Japan and Singapore in partnership with the Guanghua School of Management of Peking University, ISPOR Japan, Keio Business School of Keio University, and the School of Public Health of Fudan University.
12 Careers and Alumni ESSEC Business School has over 25 years of experience in providing higher education for top healthcare executives. Over the years, we have built a strong global network of alumni, faculty and corporate sponsors who have contributed to the success of our academic programs and our graduates. Enrolling in the MSc in Management of Health Industries program makes you a member of our ESSEC community, which comprises more than 47,000 alumni, 4,880 students from 84 countries and more than 5,000 managers in Executive Education programs. In which sectors do our alumni work in? 20% PUBLIC HEALTH 20% MEDTECH 13% BIOMEDICAL 7% CHEMICALS 40% PHARMACEUTICAL In what job roles? 13% SERVICE 27% RESEARCH 20% CONSULTANCY 20% SALES AND DEVELOPMENT 13% REGULATORY AFFAIRS 7% HUMAN RESOURCE Career Progression and Transformation ESSEC inculcates collective learning and creates value through the diversity of thinking. The learning moments come not just from the professors, but also from class discussions and group assignments. The program itself also broadened my business perspective through cross-functional learning. Mr. Alvin Then MSc in Management of Health Industries Alumnus The program has helped participants gain progression or transformation in their career paths. Position before the program Scientist in Pharmacology R&D Scientist in Medical Device Pharmacist in a hospital Consulting Analyst in a consulting firm Position after joining the program Data Scientist in a global pharmaceutical company Healthcare Industry Analyst in a global consulting firm Pharmacy Manager HR professional in a chemical manufacturing company
13 Who Should Apply? The program is open to: Professionals taking on new roles and responsibilities in biotechnology, medical device and pharmaceutical companies, or healthcare organizations Ambitious graduates eager to build a successful career in the healthcare industries High-potential postgraduates with a background in life sciences, medicine, pharmacy or business management Selection Process TYPICAL CLASS PROFILE Multinational class profile, majority of students from Singapore and Asia Industry sectors that participants come from include public health, pharmaceuticals and biomedical Job roles of participants include service, sales and development and research Selection is based on academic record and professional experience, as well as strong motivation to pursue the ESSEC MSc in Management of Health Industries. Given the different situations of each individual, we provide a rolling admissions system. Documents required for your application Online application file University degree and transcript Cover letter Resume 2 letters of recommendation Valid GMAT or GRE test report, which is compulsory English test report: TOEFL, IELTS or TOEIC, for applicants whose native language or language of study is not English Photo ID Proof of a valid visa or permit to reside in Singapore for the duration of the program (for international participants) In the next ten years, the healthcare market in Asia is expected to grow at twice the rate of the rest of the world. To meet the healthcare needs of billions of Asians, firms in this sector must find a balance between corporate imperatives and societal demands. More importantly, in this fast changing environment, firms should be able to implement strategic decisions effectively. Participants enrolled in the program will learn the key concepts in strategy and how a firm s objectives and organizational arrangements are linked with strategic decision-making. Prof. Arijit Chatterjee Associate Professor, Department of Management
14 ESSEC Business School, Asia-Pacific Asian Insights and Global Perspectives In 2015, the number of students seeking higher education exceeded 200 million globally, double the number reported in 2000. This increasing demand, much of which derives from Asia s developing economies and greater student mobility worldwide, means that educational opportunities on the continent are changing in both scope and location. Singapore s dynamic economy and its position as a multicultural and educational hub allows ESSEC Business School, Asia-Pacific to respond to the burgeoning demand for management education in Asia. The majority of our programs have a strong pan-asian core with an international perspective. We believe that our learning approach encourages our students to look at the world differently. Our focus is on developing innovative thinking and entrepreneurial skills, which are in increasingly high demand around the world. The establishment of the Singapore campus, at Nepal Hill, is very much in line with the ESSEC 3i Strategic Plan. Singapore is the perfect location for the school to operate from and expand its activities in the region. In addition, the One-North area around Nepal Hill has been developed to promote entrepreneurship, leadership, innovation, skills and talent development. Prof. Martine Bronner Dean of ESSEC Business School, Asia-Pacific At ESSEC Asia-Pacific, we meet the needs of our participants by leveraging the expertise of our world-class faculty and delivering a unique learning experience that helps develop the ethos and dexterity required to navigate a constantly evolving, globalized work environment. Nepal Hill Campus With the support of Singapore s government agencies, ESSEC Business School, Asia-Pacific has built a five-storey, 6,500 m 2 campus on 5,430 m 2 of land on Nepal Hill in one-north Business Park. Dedicated to education and innovation, the area houses educational institutions, business incubators and high-tech companies. The facility has tripled ESSEC Business School s training capacity in terms of the number of students and executive education participants as compared to our previous facilities at the National Library Building. Designed by renowned architect Dr Liu Thai Ker, the new campus building was inspired by both European and Asian architectural styles, symbolizing a bridge between two worlds.
www.essec.edu/msc-health-industries The focus on Asia is particularly interesting because of the current context of the growth of the healthcare sector in the region. The professors are very experienced; they made it possible to have very interactive classes. I had great interactions with the program participants, and this makes a unique experience. Catherine Archant MSc in Management of Health Industries Alumna The pioneering spirit
PARIS ESSEC Business School 3 avenue Bernard-Hirsch CS 50105 Cergy 95021 Cergy-Pontoise Cedex France Tel. +33 (0)1 34 43 30 00 www.essec.edu ESSEC Executive Education CNIT BP 230 92053 Paris-La Défense France Tel. +33 (0)1 46 92 49 00 www.executive-education.essec.edu ESSEC Asia-Pacific 5 Nepal Park Singapore 139408 Tel. +65 6884 9780 www.essec.edu/asia ESSEC CPE Registration number 200511927D Period of registration: 30 June 2011-29 June 2017 SINGAPORE The pioneering spirit