In its first year participating, a team of Carlson School Full-Time MBA students placed second in the Business School Alliance for Health Management's (BAHM) Entrepreneurship in Global Health Competition. The team completed a comprehensive analysis of potential applications for a cardiac diagnostic tool invented by University of Minnesota alum and Minnesota Cup winner Marie Johnson.
The competition, which featured ten teams from business schools across the country, focused on global health organizations or ideas to address an unmet health need, an underserved community, or the development of a novel technology. The cardiac diagnostic technology the students analyzed addressed all of the above.
MBA students Jennifer Cutshall ('13 MBA), Hilary Johnson ('13 MHA/MBA), and Marissa Szody ('14 MBA) focused on Marie Johnson's innovative cardiovascular technology. The device in question can "acoustically detect turbulence in a narrowing artery," alerting a doctor to a possible blockage. The team demonstrated the technology could be deployed in Malaysia to improve cardiovascular health in developing communities.
"The quality of what these students produced was impressive. To take second place in the school's first year participating is just extraordinary," says Professor Stephen Parente, director of the Carlson School Medical Industry Leadership Institute (MILI), and judge in the competition.
The team applied lessons from the MILI Medical Industry Evaluation Laboratory - a course which teaches a comprehensive approach to medical device market analysis.
Haas School of Business, University of California, Berkeley won first place in the competition.
The Carlson School team edged out the Wharton School, an institution whose healthcare MBA program has a long and established history. Parente is elated to see MILI's curriculum, established in 2005, keep pace with more mature programs.
"This win secures the Carlson School as a top destination for a healthcare MBA. We are on the same playing field as some of the most elite business education institutions on the planet. We have the curriculum, the capability, and the students to go quite far," says Parente.
Cutshall, Johnson, and Szody were awarded $5,000 from BAHM for their win. Boston University School of Management, Yale School of Management, and Harvard Business School were among the competitors.