New program launches in Houston to educate health care leaders

This new program is geared at preparing leaders at the intersection of health care and business. Image courtesy of Rice

Two Houston institutions have teamed up to create a health care leadership program to prepare the next generation of life science executives.

Rice Business and The University of Texas MD Anderson Cancer Center have launched the Executive Leadership in Healthcare program at Rice University’s Jones Graduate School of Business. The new program will provide an opportunity for both current and emerging health care leaders across the country to learn from faculty and leaders in medicine in the Texas Medical Center.

“In executive education, we have been supporting the development of healthcare leaders for over 20 years — it has been a fascinating journey,” says Brent Smith, senior associate dean of executive education at Rice Business, in a news release. “We have learned so much about the challenges of leading institutions in such a dynamic and challenging industry and developed deep healthcare expertise. Our collaboration with MD Anderson allows our two institutions to blend our disciplinary expertise in healthcare strategy, leadership, operations and finance.”

The program is planned for two installments next year — over 10 days ion Feb. 6-10 and April 24-28. Participants will discover themselves as leaders and learn the business tools they need to become more impactful and effective within their organizations.

“We are excited to work with our colleagues at Rice Business to provide a thriving and unique learning platform for healthcare executives to navigate the complex environments they are facing,” says Courtney Holladay, associate vice president of the Leadership Institute at MD Anderson, in the release. “We believe MD Anderson’s senior leadership and Rice Business’ faculty provide complementary expertise and perspectives on both the practice and theory of leading healthcare institutions that will benefit participants.”

Those interested can learn more about the course online. Tuition is listed as $18,500.

“Staying connected to the business community and meeting the professional development needs of organizations both large and small are important to us,” says Michael Koenig, associate dean for innovation initiatives and executive director of executive education at Rice Business, in the release. “We’re excited about this initiative with MD Anderson and look forward to the impact our joint program will have on healthcare leaders and their institutions.”

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Building Houston

 
 

A recent real estate report found that, following healthy gains, Houston's medical office market might see less action in the near future. Photo via Getty Images

Houston’s medical office market is on a roll.

A report from commercial real estate services company JLL shows net absorption and transaction volume saw healthy gains in 2022:

  • The annual absorption total of 289,215 square feet was 50.5 percent higher than the five-year average.
  • Transaction volume notched a 31.7 percent year-over-year increase.

Meanwhile, net rents held steady at $26.92 per square foot, up 1.3 percent from the previous year. The fourth-quarter 2022 vacancy rate stood at 15.9 percent.

Despite those numbers, the report suggests a slowdown in medical office rentals may be underway.

“Tenants who may have previously considered building out or expanding their lease agreements are now in a holding pattern due to increased construction costs and higher interest rates,” the report says. “These factors are having a direct impact on financial decisions when it comes to lease renewals, making it more likely that tenants will remain in their existing location for the foreseeable future.”

Still, the report notes “a number of bright spots for the future of healthcare in Houston.” Aside from last year’s record-high jump in sales volume, the report indicates an aging population coupled with a growing preference for community-based treatment “will lift demand even higher in coming years.”

The report shows that in last year’s fourth quarter, 527,083 square of medical office space was under construction in the Houston area, including:

  • 152,871 square feet in the Clear Lake area.
  • 104,665 square feet in the South submarket.
  • 103,647 square feet in Sugar Land.
Last fall, JLL recognized Houston as a top city for life sciences. According to that report, the Bayou City lands at No. 13 in JLL’s 2022 ranking of the country’s top 15 metro areas for life sciences. JLL says Houston “is poised for further growth” in life sciences.

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