🎯 Key points for quick navigation: 00:00 *💼 Introduction to Healthcare Consulting* - Explanation of healthcare consulting, - Key differences from regular consulting, - Overview of the healthcare sectors and sub-sectors. 01:52 *🧠 Understanding Case Interviews* - Components of a case interview, - Steps to solve a case: opening, structure, analysis, conclusion, - Importance of understanding the client's objectives and clarifying questions. 02:48 *🏥 Introduction to the Case Study* - Description of the client, HealthyCo, and its disease management program, - Program details: health coaches, cost reduction, and support for members, - Restating and recapping the problem. 04:14 *📝 Structuring the Approach* - Key questions to ask before proceeding, - Breakdown of program costs, health coach responsibilities, and resources, - Initial hypotheses and validation steps. 06:50 *📊 Analysis Phase* - Understanding member segments and disease types, - Focus on the 65+ age group and diabetic members, - Calculation of members and program costs, - Determining potential savings and program viability. 13:26 *🏆 Conclusion and Recommendation* - Recap of the problem and recommendation, - Reasons for recommendation: cost savings, health impact, scalability, - Risks and next steps for implementation. 15:05 *📚 Additional Tips for Case Interviews* - Understanding healthcare consulting dynamics, - Demonstrating interest in healthcare during interviews, - Importance of fit interviews and showcasing passion for healthcare consulting. Made with HARPA AI
Thanks for watching! Here are some free resources to help you: www.myconsultingoffer.org/resources/. If you need further help, book a free strategy call with us here: bit.ly/4ajyLHU. Our team of experts is always here to support you in achieving your career goals. Good luck!
Hi! You'll find it here: ua-cam.com/video/MAyf76aucF4/v-deo.html. If you need further help with your interview, our team of former recruiters, managers, and interviewers from McKinsey, BCG, and Bain are here to help! You can book a free call here to get started: bit.ly/3PGob78. Best of luck!
A structured approach is crucial here because it provides clarity, organization, and efficiency. It helps us stay focused on the task, prevents important details from being overlooked, and ensures a systematic and effective process. Thanks for watching!
Thanks for commenting! In healthcare, unique dynamics include: 1. Regulatory Environment: Ensuring compliance and patient safety. 2. Complex Stakeholder Landscape: Balancing diverse interests. 3. Constant Technological Advancements: Adapting to new innovations. 4. Evolving Payment Models: Transitioning to value-based care. 5. Data Privacy and Security: Safeguarding sensitive information. 6. Healthcare Disparities: Addressing access and outcome gaps. 7. Clinical and Economic Outcomes: Optimizing patient care and costs. 8. Interdisciplinary Collaboration: Fostering effective teamwork. Understanding these dynamics is vital for successful healthcare consulting. If you need further help, we invite you to book a free strategy call with us here: bit.ly/3PGob78. Our team of experts is always here to support you in achieving your career goals.
Prepare for the healthcare case interview by deepening industry knowledge, practicing healthcare-specific cases, clear communication, strong quantitative skills, time management, adaptability, seek feedback, and approach with confidence. If you need further help, we invite you to book a free strategy call with us here: bit.ly/3PGob78. Our team of experts is always here to support you in achieving your career goals.
In the case interview, I showed my interest in healthcare by displaying in-depth knowledge, asking relevant questions, and sharing my experiences in the industry. If you need further help, we invite you to book a free strategy call with us here: bit.ly/3PGob78. Our team of experts is always here to support you in achieving your career goals.
You're welcome! Hope this will be helpful for you: www.myconsultingoffer.org/resources/. If you need further help, we invite you to book a free call with us here: bit.ly/3PGob78. Our team of experts is always here to support you in achieving your career goals.
at 9:30 wouldnt you have to take into account for how much smaller the 65+ consumer base is than the general group plan base? If 65% consumer base fall under the group plan, then even though the % of people with diabetes is only half, the total # of people with diabetes is greater than in 65+ bracket? Same when you're comparing the second most common disease between group plan and 65+ plan.
Hi! Good question! When you generate insights from an exhibit or math , you should focus on two things. First, what do the numbers tell you and secondly, how does that tie back to the objective. Here, the numbers suggest that we can target group members since that will form a bigger chunk compared to 65+ group. But, we want to maximize impact and that would be possible by targeting the 65+ group since they will benefit more from this plan than group members who are generally young and might not need as much assistance. If you need further help with your interview, we invite you to book a free call with our team: bit.ly/3XhoJDV. Our team of former recruiters, managers, and interviewers from McKinsey, Bain, BCG is here to support you in achieving your dream consulting job. Good luck!
This type of case study is typical in healthcare consulting interviews because it assesses a candidate's ability to handle complex healthcare challenges. Healthcare consulting involves solving real-world problems faced by healthcare organizations, so these case studies simulate the scenarios consultants encounter. By evaluating your analytical and problem-solving skills in a healthcare context, interviewers can gauge your suitability for the role. Best of luck with your healthcare consulting journey!
Thanks for watching! You can check our free resources here: www.myconsultingoffer.org/resources/. If you need further help, we invite you to book a free strategy call with us here: bit.ly/3PGob78. Our team of experts is always here to support you in achieving your career goals.
Hi! Sure! The number of people in a particular group can be found out using the proportion of that segment. 65+ segment forms 20% of the total (5 million). Furthermore, 40% of these are diabetic. So, the number of diabetics in 65+ segment will be 40% of (20% of 5 million) which comes out to 400,000. Hope this helps! If you need help with your interview, we can help! You can book a free call here to get started: bit.ly/3PGob78.
Good question! In case interviews, it's fine to take a brief pause to review data. You can say, "I’d like a minute to review this-is that okay?" This shows you're methodical while keeping the interview on track. Hope this helps! If you need further help with your interview, we invite you to book a free call with our team: bit.ly/3XhoJDV. Our team of former recruiters, managers, and interviewers from McKinsey, Bain, BCG is here to support you in achieving your dream consulting job. Good luck!
🎯 Key points for quick navigation:
00:00 *💼 Introduction to Healthcare Consulting*
- Explanation of healthcare consulting,
- Key differences from regular consulting,
- Overview of the healthcare sectors and sub-sectors.
01:52 *🧠 Understanding Case Interviews*
- Components of a case interview,
- Steps to solve a case: opening, structure, analysis, conclusion,
- Importance of understanding the client's objectives and clarifying questions.
02:48 *🏥 Introduction to the Case Study*
- Description of the client, HealthyCo, and its disease management program,
- Program details: health coaches, cost reduction, and support for members,
- Restating and recapping the problem.
04:14 *📝 Structuring the Approach*
- Key questions to ask before proceeding,
- Breakdown of program costs, health coach responsibilities, and resources,
- Initial hypotheses and validation steps.
06:50 *📊 Analysis Phase*
- Understanding member segments and disease types,
- Focus on the 65+ age group and diabetic members,
- Calculation of members and program costs,
- Determining potential savings and program viability.
13:26 *🏆 Conclusion and Recommendation*
- Recap of the problem and recommendation,
- Reasons for recommendation: cost savings, health impact, scalability,
- Risks and next steps for implementation.
15:05 *📚 Additional Tips for Case Interviews*
- Understanding healthcare consulting dynamics,
- Demonstrating interest in healthcare during interviews,
- Importance of fit interviews and showcasing passion for healthcare consulting.
Made with HARPA AI
Thanks for watching! Here are some free resources to help you: www.myconsultingoffer.org/resources/. If you need further help, book a free strategy call with us here: bit.ly/4ajyLHU. Our team of experts is always here to support you in achieving your career goals. Good luck!
Where are the video links to improve structuring?
Hi! You'll find it here: ua-cam.com/video/MAyf76aucF4/v-deo.html. If you need further help with your interview, our team of former recruiters, managers, and interviewers from McKinsey, BCG, and Bain are here to help! You can book a free call here to get started: bit.ly/3PGob78. Best of luck!
Why is a structured approach so important here? Thank you
A structured approach is crucial here because it provides clarity, organization, and efficiency. It helps us stay focused on the task, prevents important details from being overlooked, and ensures a systematic and effective process. Thanks for watching!
Thanks. Can you share some specific dynamics that are unique to this field and why they are important?
Thanks for commenting! In healthcare, unique dynamics include:
1. Regulatory Environment: Ensuring compliance and patient safety.
2. Complex Stakeholder Landscape: Balancing diverse interests.
3. Constant Technological Advancements: Adapting to new innovations.
4. Evolving Payment Models: Transitioning to value-based care.
5. Data Privacy and Security: Safeguarding sensitive information.
6. Healthcare Disparities: Addressing access and outcome gaps.
7. Clinical and Economic Outcomes: Optimizing patient care and costs.
8. Interdisciplinary Collaboration: Fostering effective teamwork.
Understanding these dynamics is vital for successful healthcare consulting. If you need further help, we invite you to book a free strategy call with us here: bit.ly/3PGob78. Our team of experts is always here to support you in achieving your career goals.
Can you share some additional tips or strategies that might be helpful for someone preparing for such an interview?
Prepare for the healthcare case interview by deepening industry knowledge, practicing healthcare-specific cases, clear communication, strong quantitative skills, time management, adaptability, seek feedback, and approach with confidence. If you need further help, we invite you to book a free strategy call with us here: bit.ly/3PGob78. Our team of experts is always here to support you in achieving your career goals.
How did you demonstrate your interest in the field during the case interview? Thanks Davis
In the case interview, I showed my interest in healthcare by displaying in-depth knowledge, asking relevant questions, and sharing my experiences in the industry. If you need further help, we invite you to book a free strategy call with us here: bit.ly/3PGob78. Our team of experts is always here to support you in achieving your career goals.
Loved the video and is really insightfull. It would be great if you could provide me the link for MCO industry guide?
You're welcome! Hope this will be helpful for you: www.myconsultingoffer.org/resources/. If you need further help, we invite you to book a free call with us here: bit.ly/3PGob78. Our team of experts is always here to support you in achieving your career goals.
at 9:30 wouldnt you have to take into account for how much smaller the 65+ consumer base is than the general group plan base? If 65% consumer base fall under the group plan, then even though the % of people with diabetes is only half, the total # of people with diabetes is greater than in 65+ bracket? Same when you're comparing the second most common disease between group plan and 65+ plan.
Hi! Good question! When you generate insights from an exhibit or math , you should focus on two things.
First, what do the numbers tell you and secondly, how does that tie back to the objective.
Here, the numbers suggest that we can target group members since that will form a bigger chunk compared to 65+ group. But, we want to maximize impact and that would be possible by targeting the 65+ group since they will benefit more from this plan than group members who are generally young and might not need as much assistance. If you need further help with your interview, we invite you to book a free call with our team: bit.ly/3XhoJDV. Our team of former recruiters, managers, and interviewers from McKinsey, Bain, BCG is here to support you in achieving your dream consulting job. Good luck!
@@myconsultingoffer Thanks
Why is this type of case study typical in healthcare consulting interviews?
This type of case study is typical in healthcare consulting interviews because it assesses a candidate's ability to handle complex healthcare challenges. Healthcare consulting involves solving real-world problems faced by healthcare organizations, so these case studies simulate the scenarios consultants encounter. By evaluating your analytical and problem-solving skills in a healthcare context, interviewers can gauge your suitability for the role. Best of luck with your healthcare consulting journey!
Do you have any Procurement/Supply Chain related cases that you could share with me, please? Thanks!
Thanks for watching! You can check our free resources here: www.myconsultingoffer.org/resources/. If you need further help, we invite you to book a free strategy call with us here: bit.ly/3PGob78. Our team of experts is always here to support you in achieving your career goals.
how did you find no of people in individual, group,65+.pls explain
Hi! Sure! The number of people in a particular group can be found out using the proportion of that segment. 65+ segment forms 20% of the total (5 million). Furthermore, 40% of these are diabetic. So, the number of diabetics in 65+ segment will be 40% of (20% of 5 million) which comes out to 400,000. Hope this helps!
If you need help with your interview, we can help! You can book a free call here to get started: bit.ly/3PGob78.
Are you supposed to respond quickly or is there a recommended time to say I need 5 minutes to review the data would that be ok?
Good question! In case interviews, it's fine to take a brief pause to review data. You can say, "I’d like a minute to review this-is that okay?" This shows you're methodical while keeping the interview on track. Hope this helps! If you need further help with your interview, we invite you to book a free call with our team: bit.ly/3XhoJDV. Our team of former recruiters, managers, and interviewers from McKinsey, Bain, BCG is here to support you in achieving your dream consulting job. Good luck!