About the Business Advancement Center for Health
BACH is a Carlson School of Management center focused on reimagining health and healthcare. Through designing and evaluating innovative next-generation business models, BACH will innovate evidence-based and data-driven sustainable solutions that effectively address critical gaps in healthcare cost, access, safety and equity. Key subject areas to be explored include, but are not limited to: value-based reimbursement and payment models, investment in social well-being of individuals, organizational structures; and quality innovation.
Participatory research projects will engage the community and industry along with faculty and students to co-create novel business-driven innovations. Roundtables and consortia with industry and community partners; conferences, multi-sector forums, and interdisciplinary student competitions will emphasize collaborative work among all stakeholders.
This ecosystem will complement coursework offered at the Carlson School, expose students to state-of-the art thinking, and engage faculty in innovative real-world solutions in the health sector. Through interdisciplinary engagement with community, industry, and academia, BACH aligns sectors of the health economy to co-create business innovations and novel solutions to drive marketplace implementation.
Vision: Create a healthcare system that delivers equitable care to all individuals.
Mission: Design business-driven innovations that address gaps in health equity and improve value in healthcare through convening academia, industry and community stakeholders.
BACH Team
History
The Business Advancement Center for Health (BACH) was founded in January 2022 by Professor Pinar Karaca-Mandic with a focus on creating a healthcare system that delivers equitable care to all individuals. BACH strives to design business-driven innovations that address gaps in health equity and improve value in healthcare.
Karaca-Mandic brings a wealth of healthcare marketplace expertise. As a health economist, her research has made contributions to the literature in four key areas to understand: 1) value and diffusion of medical technologies; 2) uptake of clinical guidelines and response to evidence on safety and effectiveness; 3) access and affordability of healthcare and role of the health insurance marketplace; 4) assessing competition, frictions and its impact in quality and costs.