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CSU Chico ACHE HC Mgmt 04.18.16_v2 slideshare

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This is a slightly edited version that was presented to the ACHE club at Chico State. The presentation covers a recent survey of ACHE Healthcare executives, HAMPCAS and Pacific's MBA in Healthcare Management options.

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CSU Chico ACHE HC Mgmt 04.18.16_v2 slideshare

  1. 1. START HERE. GO ANYWHERE. Eberhardt MBA in Healthcare Management University of the Pacific Presenter: Chris Lozano Director of Recruitment go.pacific.edu/mba  go.pacific.edu/sacmba
  2. 2. Welcome to the MBA Information Session  Healthcare Trends and New Research on Degree Preferences (MHA vs MBA vs MPH)  Focus on Healthcare MBA at Pacific  LinkedIn Use for Research on Career Pathways  HAMPCAS and Admission Criteria  MBA Costs and Financial Assistance
  3. 3. Impact of Affordable Care Act  Healthcare spending growth will accelerate for several years  Greatest growth will occur in:  Physician Services  Pharmacy Services  Management Services
  4. 4. A Changing Environment for Medical and Health Service Managers, Directors & Chief Officers  “As healthcare changes, medical and health services managers must be able to adapt to changes in laws, regulations, and technology.” - Occupational Outlook Handbook 2012 Medical and health services managers typically do the following:  Work to improve efficiency and quality in delivering healthcare services  Keep up to date on new laws and regulations to aid in compliance  Manage finances of the facility, such as patient fees and billing  Create work schedules  Represent the facility at investor meetings or on governing boards  Keep and organize records of the facility’s services, such as the number of inpatient beds used
  5. 5. ACHE Healthcare Executive Survey Research  Study Builds Upon Dr. Hilsenrath’s earlier research on healthcare education settings and appropriate curriculum. Key Findings and Conclusions:  Distinction between MHA and MBA is not well defined.  Great deal of differentiation among programs  Growing recognition of MBA in HC Management due to need for Leadership, Operational, Management Skills and Creativity  Generally, MHA preferred over MBA in HC Mgmt. which is preferred over Gen. Mgmt. MBA (See source below for original research- Table 3 p352)  More than ¾ of survey respondents indicated they would choose a career in healthcare management again  Bottom line: There is not a “one-size” education fits all, it really depends on your goals. Source: Broom, K., Hilsenrath, P. (2015). ACHE Member Survey: Perspectives on Graduate Health Management Education, Journal of Health Administration Education, 32 (3): 341-358.
  6. 6. Why MBA?  Practical leadership and management skills  “Still in very scarce supply” (Harvard Business Review, 2014)  Access to learning community and alumni network  GMAC 2014 MBA graduate survey:  92% say MBA prepared them for leadership positions  88% say MBA prepared them for their career  82% say MBA prepared them to manage work/life balance  71% say MBA allowed them to achieve an otherwise unattainable career outcome (GMAC, 2014)  Professionally, financially, and personally rewarding
  7. 7. Early Advantage 16-Month MBA Prerequisites  Microeconomics – Econ 103* at Chico State  Macroeconomics – Econ 102* at Chico State  Probability and Statistics – Math 105 or 108* at Chico State  Business or General Calculus – Math120* at Chico State  Completion of a Bachelor’s Degree (U.S. or equivalent)  Suggested electives (based on space in your schedule) *AP units or equivalent course are also acceptable
  8. 8. MBA Program Healthcare Track Possible Elective Courses:  Marketing of Services  Health Finance/Health Insurance  International Healthcare Systems  Healthcare Law  Health Economics  Health Services Management  Healthcare Information Systems
  9. 9. First Term: Applied Business Principles- 16 month MBA Wee k 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1 5 16 MODULES-17UnitsTotal MBAOrientation Mgmt. Info. Systems MW 4:00-6:30 pm IntegratedPresentations Marketing TR 3:30-6:00 pm Managerial Economics MW 4:00-6:30 pm Accounting for Managers MW 12:30-3:00 pm Finance MW 12:30-3:00 pm Data and Decisions TR 12:30-3:30 pm Mgmt. & Org. Behavior TR 12:30-3:00 pm Career Development T 10:00-11:30 am Associate Dean’s Seminar T 6:30-8:30 pm
  10. 10. Final Year Academic Calendar- 16-month MBA Spring Term 15 units May-Jun 3 units Jun-Aug Fall Term 16 units Corporate Finance Leadership Global Marketing Global Business Competition Required MBA Internship Corporate Responsibility Entrepreneurial Management Negotiation Quality & Productivity Strategic Management Healthcare Elective 2 Healthcare Electives
  11. 11. International Experience for Early Advantage Each year, the Global Business Competition course travels abroad for a two-week period of intensive instruction. 2009 - Panama and Costa Rica 2010 - London, England 2011 - Istanbul, Turkey 2012 - Shanghai and Beijing 2013 - Shanghai and Hong Kong 2014 - Istanbul & Izmir, Turkey 2015 - Toulouse, France 2016 – Paris, Dijon and La Havre 1998 - Chile 1999 - Spain 2000 - Ireland 2001 - U.K. and France 2002 - Estonia and Finland 2003 to 2005 - E.M. Lyon 2006 & 2007 - Taipei, Taiwan 2008 – Taiwan and Hong Kong
  12. 12. Career Management Services for MBAs  Individual Career Management Planning with dedicated career professionals  MBA Career Development Course*  Required MBA Internship*  Focus on mastering critical tactical skills necessary for career success and to manage your career
  13. 13. Sacramento Part-time MBA  2 years  Traditional semester format  2 classes at a time  2 nights per week  Typically Tuesdays and Thursdays  6:00pm – 9:00pm  Cohort model  36 total units
  14. 14. Part-time MBA Curriculum General Management Track  Leading and Managing Organizations  Accounting for Managers  Innovation and Entrepreneurial Management  Decision Making and Analytics  Financial Management  Marketing  Power, Conflict, and Negotiations  Service Design and Operations Healthcare Management Track  Leading and Managing Organizations  Accounting for Managers  Health Services Management  Decision Making and Analytics  Health Insurance and Finance  Marketing  Power, Conflict, and Negotiations
  15. 15. LinkedIn: Great Resource for Pacific Eberhardt Network Other interesting profiles:  Christine Ahn ’11 PharmD/MBA- Lean Specialist at UCLA Health; Chad Mundy ’99 BBA, ’01 BSLTC, ’06 MBA - Executive Director at San Joaquin Community hospital; and Frank Patmon ’13 BA, ‘14 MBA- Market Strategy Data Analyst
  16. 16. Christine Nguyen ’10 PharmD/MBA  Vice President, Trade Relations at EnvisionRx Options  EnvisionRx is a Pharmacy Benefits Management (PBM) Company  EnvisionRx was recently acquired by RiteAid and recently acquired MedTrak  Christine’s Key Responsibilities:  Manages manufacturer contracts and rebate administration operations  Coordinates Pharmacy benefits for companies as a 3rd Party administrator  Leverages relationships with drug manufacturers like Astra Zeneca and Pfizer to provide drug cost savings and key disease management programs for company partners  Benefits of PharmD/MBA Acc. to Christine
  17. 17. AUPHA and HAMPCAS  AUPHA site  HAMPCAS Site (42 Schools )  Pacific HAMPCAS Profile
  18. 18. How and When to Apply  Online Application available at Eberhardt MBA websites. HAMPCAS: Go.pacific.edu/HAMPCAS  Key Application Dates Round 1 - January 15 (FT/MAcc -Priority Review) Round 2 - March 1 (FT/MAcc -On-time; PT - Early ) Round 3* - June 1 (FT/MAcc -late; PT -On- time)
  19. 19. APPLICATION ELEMENTS  Application form, personal statements and resume  Official Transcripts (all Universities attended)  Letters of Recommendation (2 recommended)  Official GMAT (or GRE) Scores  $50 Application Fee - waived for HAMPCAS applicants  Interview (by invitation only)
  20. 20. ADMISSIONS CRITERIA  Academic Record (Grade trends, curriculum)  GMAT (or GRE) Scores  Personal Statements  Recommendations  Interviews (if required)  Work/Volunteer experience
  21. 21. 2015 New FT MBA Student Profile  GPA Average: 3.41 (Range 3.12 - 3.73)  GMAT Average: 560 (Range 480 - 650)  Average Age: 23.0 (Range 20 to 25)  Average Experience: 1.0 years (Range 0 to 3)  International: 18% (Up from 17% in ‘14)  Female: 55% (Up from 50% in ‘14)
  22. 22. Full-time Total Program Costs (AY 2015- 16) Tuition- $1,325/unit* $ 65,045.00 Wellness Center Fee (9+) $ 360.00 ASUOP & Activity Fees (9+) $ 420.00 Travel – Global course (est.)** $ 3,000.00 Books & Personal (est.)*** $ 7,500.00 TOTAL COSTS $ 74, 625.00 * MAcc tuition is $42,934, PT tuition is approximately $45,690 ** Global expenses vary, but usually capped at $3,500 *** Costs vary by location and required texts.
  23. 23. Scholarships and Assistantships – FT Only  Eberhardt Merit Scholarships  Joseph Kaeslin Memorial Endowed Scholarship  Edward M. Nagel Scholarships  Robert and Frances Ferguson MBA Endowed Scholarship  Credit Bureau of San Joaquin Endowed Scholarship  Marian & George Malloy Endowed MBA Scholarship  PharmD/MBA Merit-Based Scholarship  Long Foundation(s) scholarships for PharmD/MBA  MBA Merit-Based Graduate Assistantships  1/3 Tuition Assistantship  1/2 Tuition Eberhardt Scholars Assistantship
  24. 24. Time for some Q & A
  25. 25. For more information Call: 209.946.2629 (Stockton) or 916.733.2817 (Sacramento) E-mail: mba@pacific.edu Web: go.pacific.edu/mba go.pacific.edu/sacmba
  26. 26. START HERE. GO ANYWHERE. www.business.pacific.edu Eberhardt School of Business

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