Perspectives on the Business of Healthcare with Michael Ries, MD, Former Medical Director, Adult Acute Care and eICU, Advocate HealthCare

November 18, 2024 from 5:15 to 6:15 pm CT, Webinar

Please join us for Healthcare at Kellogg’s second webinar of the 2025 academic year, Perspectives on the Business of Healthcare, with Dr. Michael Ries, Former Medical Director, Adult Acute Care and eICU, Advocate HealthCare and Craig Garthwaite, PhD, Professor of Strategy and Director of the Program on Healthcare at Kellogg. Dr. Ries will discuss his career journey from medical school and Kellogg graduate school to his role as Medical Director at Advocate HealthCare and his extensive experience integrating Critical and Acute Care, Remote Patient Monitoring with technology.  He will discuss his oversight of the clinical and financial outcomes, integration, and process improvement initiatives for Advocate Midwest’s 34 ICU’s located at 26 hospitals and its Tele-Critical and Acute Care program, which is one of the oldest in the country having launched in 2003. This will be a fascinating conversation – we hope you can join us.

Michael Ries, MD, MBA, is the Immediate Past Medical Director of Adult Critical Care, Tele-Critical Care, and Patient Command Center for Advocate – Midwest and Co-Chair of the System Sepsis Committee who now serves as a consultant in these crucial areas in healthcare. Dr. Ries is a Fellow of the American College of Critical Care Medicine, American College of Chest Physicians, and American College of Physicians. Dr. Ries received his A.B. degree at Cornell University and his MD degree at Chicago Medical School (AOA Honorary). In 2002, he completed his MBA at the Kellogg School of Management of Northwestern University. Dr. Ries has authored numerous articles and book chapters on Tele-Critical and Acute Care and its impact on the quality and cost of health care delivery and has lectured extensively on the topic including at national Critical Care conferences. Dr. Ries has received numerous awards for excellence in teaching including the prestigious Mark Lepper Society of Teachers award. He is a reviewer for Critical Care Medicine, Chest, Journal of Critical Care, Applied Clinical Informatics, and Health Affairs and has been a presentation mentor for HIMSS. He oversaw clinical and financial outcomes, integration, and process improvement initiatives for Advocate Midwest’s 34 ICU’s located at 26 hospitals and its Tele-Critical and Acute Care program. The Advocate Tele-Critical Care program is one of the oldest in the country having launched in 2003.

Professor Craig Garthwaite is the Herman R. Smith Research Professor in Hospital and Health Services, a Professor of Strategy, and the Director of the Program on Healthcare at Kellogg (HCAK). He is an applied economist whose research examines the business of healthcare with a focus on the interaction between private firms and public policies. His recent work in the payer and provider sectors has focused on the private sector effects of the Affordable Care Act, the impact and operation of Medicaid Managed Care plans, the responses of non-profit hospitals to financial shocks, and the economic effects of expanded social insurance programs such as Medicaid and Medicare for All.  Professor Garthwaite also studies questions of pricing and innovation in the biopharmaceutical sector. In this area he has examined the effect of changes in market size of investments in new product development, the evolving world of precision medicine, expanded patent protection on pricing in the Indian pharmaceutical market, the innovation response of United States pharmaceutical firms to increases in demand, and the relationship between health insurance expansions and high drug prices.  

His research has appeared in journals such as the Quarterly Journal of Economics, the American Economic Review, the Annals of Internal Medicine, and the New England Journal of Medicine.  In addition, he is a frequent media commentator appearing in media outlets such as the Wall Street Journal, the Washington Post, and The New York Times. He has also appeared as a guest on various television and radio shows such as Nightly Business Report and NPR Marketplace. Garthwaite received a B.A. and a Masters in Public Policy from the University of Michigan and his PhD in Economics from the University of Maryland. Prior to receiving his PhD, he served in a variety of public policy positions including the Director of Research for the Employment Policies Institute. He has testified before the United States Senate, United States House of Representatives and state legislatures on matters related to the healthcare markets, prescription drugs, the minimum wage, and health care reforms. 

PERSPECTIVES ON THE BUSINESS OF HEALTHCARE speaker series brings senior management of healthcare companies to Kellogg to discuss insights on important industry topics. The series supports the strategy of supplementing general curriculum with industry specific programing and complements the faculty led Healthcare 101 primer series in the Fall quarter, the Business of Healthcare Conference in the Winter quarter and the MacEachern Symposium and the Healthcare Entrepreneurship Forum in the Spring quarter.