OU-MBA HC Concentration

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Transcript

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hello everyone thank you for joining the

Ohio admissions team for today’s webinar

 

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today we will be going over the online

masters in business administration with

 

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a concentration in health care the

purpose of this webinar is to share

 

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further insights on the health care

concentration what it entails who with

 

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for potential opportunities with this

program but most importantly the

 

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descriptions and learning outcomes of

the healthcare curriculum and I would

 

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like to quickly go over today’s agenda

all right after this introduction I will

 

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be presenting our guest speaker for

today Dr. Brett Hicks and we will be

 

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talking a little bit about Ohio

University and the College of Business

 

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then we will be sharing further insights

on the online MBA the curriculum and

 

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most importantly the healthcare

concentration cost the healthcare

 

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concentration classes once we conclude

with the program overview I will be

 

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asking our guest speaker frequently

asked questions about the healthcare

 

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concentration so that he can share his

perspective and thoughts as faculty

 

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member lastly we will be discussing the

admissions requirements for the program

 

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joining us today we have Dr. Hicks he is

one of the healthcare instructors a

 

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remarkable instructor based on students

feedback and an expert on the matter

 

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Dr. Hicks welcome and thanks so much for

joining us today please if you would

 

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first and foremost tell us a little bit

more about your background and please

 

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also share some some of your

accomplishments and collaborations with us

 

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Well thank you for having me it’s a

great opportunity to be able to market

 

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our wonderful program I myself have been

in a faculty at Ohio since 2010 I

 

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started out in the MHA program and was

really excited to move over to the MBA

 

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program when they started the healthcare

concentration my background I was career

 

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Navy for 20 years and half that time I

was a hospital corpsman which is like a

 

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medic EMT and the other half I was a

hospital administrator so I’ve been just

 

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about at every level

of healthcare delivery from one point or

 

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another to actually seeing patients to

running a hospital and all the things

 

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that go with that I was really fortunate

as far as collaborating with the school

 

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I was really fortunate you know dr.

young who’s our program director and I

 

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and some other faculty member did some

some research and published an article

 

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about student feedback it was really

interesting to do but I think also it

 

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just it shows how much we value sue the

next feedback I mean we take the the end

 

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of course surveys and feedback we get

from students and make real changes to

 

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this program so I think that’s one of

the things that I’ve enjoyed most about

 

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teaching in the program as it’s so it

stays current and stays contemporary but

 

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also it’s flexible so we have that

ability to kind of change on the fly in

 

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certain classes to be able to make it

more in line you know as healthcare

 

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changes I think that’s about it I mean

as far as far as my background I mean

 

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just a career student and been involved

in some level of healthcare on one shape

 

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or another for a better part of twenty

five years

 

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very good thank you so much remarkable and I’d like to briefly go over a little bit more on Ohio University

 

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Ohio University has a

distinguished reputation it is actually

 

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the ninth oldest public university in

the United States is established in 1804

 

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so it is also a fully accredited and

recognized for quality by the Higher

 

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Learning Commission of the North Central

Association of colleges and schools and

 

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the program is AACSB accredited the

Association to Advance Collegiate

 

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Schools of Business this designation

this badge of honor is actually held by

 

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only or less than 5% of business schools

worldwide

 

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so this weaves out about 90% of all the

MBA programs that are marketed out there

 

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also this with this University of this

program you have powerful connections to

 

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a prestigious worldwide network of more

than 200,000 alumni a little bit more

 

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on the college of business more than 80%

of the faculty members for the College

 

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of Business actually hold terminal

degrees so PhDs DBAs or juris doctors

 

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all faculty members are active industry

practitioners involved in professional

 

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organizations doing research and

publishing on and to remain on current

 

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and modern business world now this

institution the College of Business is a

 

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Tier one institution consistently rated

among the among the best for quality and

 

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value by US News and World Report the

program is actually ranked third best

 

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value MBA by fortune and ranked among

best online program MBA programs by u.s.

 

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News & World Report within our

undergraduate program we ranked 15th

 

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best public sorry public business

university and thirty eighth best public

 

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and private business university by

bloomberg now and a little bit on the

 

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online MBA program this is a

comprehensive and rigorous curriculum

 

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the coursework emphasizes on strategic

leadership and professional development

 

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that also incorporates hands-on

leadership and training in addition to

 

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the curriculum it has a real-world sorry

a real-world approach structured to

 

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resemble the development and deployment

of a strategic business plan and

 

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challenges you to create value through

critical thinking and problem-solving

 

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not only through your coursework but

with the opportunity to participate live

 

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and on-site in our leadership

development programs it’s a flexible

 

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online platform we utilize blackboard

you have access to course content on

 

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your own schedule cut you are able to

connect with your professors and your

 

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peers at your own time so yes this

program is part time the program allows

 

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were working professionals with

additional life

 

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commitments to work through their course

work on their own days and times and in

 

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accordance to their busy schedule this

program it has an integrated support

 

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system so your journey begins with the

enrollment advisor throughout the

 

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admissions process then you are a

transition to student services and you

 

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will work directly with a student

advisor throughout your journey

 

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throughout the your duration in the

program and you will also be supported

 

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by your faculty members and fellow

students last but not least it’s an

 

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impressive value to graduate from such a

highly affordable and top-ranked

 

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business school and as little as two

years it’s a very fair price hence why

 

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you know the program was ranked third

best value MBA by fortune the online MBA

 

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curriculum consists of twelve courses in

total nine core business courses for 26

 

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credit hours and three concentration

courses for an extra nine credit hours

 

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students take two courses each semester

for seven weeks

 

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so students take what class for seven

weeks a week-long break and then another

 

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class for seven weeks for a total of 35

semester hours there are six semesters

 

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in total and students can complete the

program in as little as two years now I

 

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would like to pass this part over to dr.

Hicks for a brief description of the

 

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health care concentration courses and

learning outcomes

 

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Dr. Hicks if you don’t mind

 

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well thank

you well we have three courses in the

 

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health care concentration the first

course the 6010 courses introduction the

 

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US health care’s delivery systems is actually my course taught that course several

 

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several times over the past six years

it’s really the intro course to the

 

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health care administration or the health

care concentration because we start we

 

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look at health policy ones did a lot of

people are probably familiar with

 

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they’ve heard of it maybe don’t know the

end of working so we look at Medicaid

 

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Medicare look at private insurance we

look at health plans in general how

 

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work we go over some of the terminology

we start to kind of delve in to what was

 

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kind of a common theme throughout the

healthcare concentration is that that

 

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distance our gap between a health policy

and then just how it impacts facilities

 

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patients providers when it’s actually

put into practice so I think the whole

 

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undertone of the entire concentration is

that looking at that gap finding ways

 

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that we can mitigate any influences the

new policies have on us so that first

 

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course is really just that introduction

into that into there it’s a good course

 

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for people to start with it’s per se if

they don’t have a lot of healthcare

 

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experience maybe they’re not working in

healthcare right now and also those that

 

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are or have been working in healthcare

just to go a little deeper on some of

 

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the things that they may do with on a

daily basis but may not really actually

 

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understand from that you go into the

healthcare finance course this is not

 

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unlike any other finance course you

would find in MBA however it’s just it’s

 

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tailored towards healthcare a lot of

things that help the organization’s we

 

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do a lot of either net present value or

business case analysis when we want to

 

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do things we want to expand the service

or start offering a service or maybe

 

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even in some areas you may want to

restrict or change services to something

 

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more profitable so we look at that kind

of the main difference between

 

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healthcare finance and regular finances

the thing about healthcare is it doesn’t

 

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have a shelf life I mean it’s not really

you know the actual delivery of

 

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healthcare as a service it’s not you

know put on a shelf you can’t it’s

 

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produced as soon as that’s demanded and

it’s consumed immediately so there’s

 

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some some nuances to finance when you’re

talking about healthcare and also a lot

 

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of the things that affect you as a

healthcare organization financially are

 

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out of your control so that kind of adds

another level of complexity to you know

 

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what it would be a normal finance where

you have a supply and demand and cost

 

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and fixed and variable costs from that

we move into the healthcare law force

 

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sixty to eighty this really takes fifty

ten to kind of a little deeper level in

 

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terms of the legal aspects of these

health policies you know why does that

 

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the Health and Human Services have make

these kind of policies and how are they

 

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translated down to this

how does that affect in a healthcare

 

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financing in terms of how Medicare pays

your facility help our Medicare pays

 

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your facility and those things but

really starts to look at those those

 

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legal representation ships but at the

same time how those affect patient care

 

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I mean ultimately the entire healthcare

spectrum that the whole thing is just

 

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boiled down to what I like to start with

in my classes you know sick people go to

 

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see doctors and nurses to get better so

you start to really appreciate all the

 

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things that contribute and or take away

from that so the healthcare the health

 

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law of course is a good kind of put the

nice bowtie on the healthcare

 

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concentration by giving you some of that

deeper understanding of how things work

 

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in the system how you know Congress

appropriates money from health medical

 

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spent or healthcare spending and things

of that nature so I think these three

 

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courses even though they may look like

they hit specific areas and they do but

 

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they also together make that entire

piece of that healthcare concentration

 

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to give students that what they need to

be successful either to move up in their

 

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current job as a health care

administrator or maybe break into health

 

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care if they’re coming from another

industry

 

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Thank you so much Dr. Hicks

 

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the  feedback that we get from

prospects is you know well these are

 

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just three classes how will this prepare

me for a career or profession in the

 

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healthcare field and I think that’s a

great segue for my next question while

 

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we you know have you speaking to the

healthcare curriculum if you can if you

 

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can who is this concentration exactly for or

 

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or what type of prospect would really

benefit from this specific program?

 

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that’s a great question and I get that

question from students too I think

 

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ultimately it’s people that want to

solve complex problems I think those are

 

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the type of students that are drawn to

MBAs anyway but also more with a health

 

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care focused I think anyone looking in

healthcare or I’m sorry working in

 

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health care that may want

to advance you know maybe their middle

 

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management and they want to move into an

executive position or maybe into the

 

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what we call the c-suite they want to be

the COO or the CEO another group of

 

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students we get often time or doctors or

MDs that are looking to understand more

 

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about the business aspects of healthcare

I mean they have the medical background

 

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they know how to treat and take care of

patients but maybe it’s from frustration

 

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or maybe they’re they’re opening their

own practices and they want to get a

 

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better understanding of how this complex

system of reimbursement works anyone

 

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that has a passion for helping people I

mean and because healthcare is such a

 

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diverse field I mean we have within you

know with an MBA from Ohio and

 

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healthcare you can do direct healthcare

administration you can run a hospital

 

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you can work in a hospital you can do

nursing home and a lot of people don’t

 

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realize that’s a huge piece of

healthcare MBAs running nursing homes it

 

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also could be on the policy development

side I mean there are people that work

 

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in DC that work for the federal

government their fuel that work for

 

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insurance companies that help them

develop these policies that end up

 

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controlling or having an effect on how

health care is delivered so I think

 

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anyone that really has a strong passion

for either people policy or the

 

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financial aspects this program this

particular degree is perfect for them I

 

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think it will really help them not only

understand the environment they’re

 

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currently working in but also how to be

successful in it

 

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very good which is a

 

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great vision for my next question which

was what careers are suited for for this

 

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concentration I mean oftentimes people

ask us about you know what career

 

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opportunities if I’m not in the

healthcare field right what career

 

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opportunities or potential roles would I

be able to land with an MBA with a

 

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concentration in in healthcare and I

feel like you you hit the nail the head

 

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there you know with your descriptions of

you know the titles and the areas but do

 

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you want to go any further?

 

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yeah I can go a little bit further I am not

 

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one for euphemisms but I like this

is limit kind of thing with a healthcare

 

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MBA because as we as I discussed before

you have the hospital administrator

 

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itself which is kind of the most common

 

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profession or job that people think

about when they think about a healthcare

 

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MBA so your CEO your COO or CFO but also you can do corporate development medical

 

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device sales medical device development

aren’t our research and developmental

 

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medical devices you could be a

consultant which is what I’ve done for

 

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many years after I retired from the

military was being a health care

 

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consultant which go in look at problems

more of your your kind of your green

 

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belt black belt mean Six Sigma type of

things look at processes how to improve

 

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them you could also be what they call a

strategic project manager capital

 

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financing um you go to your local

hospital or you go to your local medical

 

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facility and you see they’re building a

new wing or they’re building a something

 

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new on their campus that process started

several several years ago with some

 

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healthcare MBAs they’re doing a lot of

good work on you know how we going to

 

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pay for this is it needed doing some

assessments on supply and demand do we

 

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you know do we have the patients that

will support this facility or wing that

 

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we’re building also there’s a whole

other section of digital health

 

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electronic health records health

information management health

 

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information technology again areas where

kind of going back to what we were

 

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talking about earlier where people

policy and financial are all involved

 

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and they need people there that have the

strong business sense strong business

 

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background as far as education but also

understand the nuances between

 

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traditional business and healthcare

business they also the other two that

 

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come up often is just the insurance

industry so all the health insurance

 

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companies have MBA health care people

there that work that help them not only

 

0:17:24.100,0:17:28.899

run their business as an insurer but

also run again policy and setting them

 

0:17:28.899,0:17:31.690

systems to get them to be able to

provide healthcare to their

 

0:17:31.690,0:17:36.879

beneficiaries and then also the

pharmaceutical industry the huge market

 

0:17:36.879,0:17:41.590

for MBA prepared healthcare

administrators because they do brand

 

0:17:41.590,0:17:47.379

management they do sales development

formularies we’ve ever had experience

 

0:17:47.379,0:17:50.350

where if you’ve ever tried to go to the

the pharmacy and get a prescription for

 

0:17:50.350,0:17:54.730

yourself maybe you’ve had something from

a doctor and formularies those are all

 

0:17:54.730,0:18:01.060

set up by and helped made more effective

by healthcare MBA so there’s really no

 

0:18:01.060,0:18:05.710

limit and and I always tell people that

just because it’s a healthcare MBA or an

 

0:18:05.710,0:18:11.860

MBA first so you don’t necessarily have

to be in the health care like people

 

0:18:11.860,0:18:15.070

think in a traditional sense in the

hospital because there are so many

 

0:18:15.070,0:18:18.880

different things so many different

people so many different organizations

 

0:18:18.880,0:18:24.160

that touch a piece of healthcare there’s

really no limit to where you can go or

 

0:18:24.160,0:18:25.300

what you’d want to

 

0:18:25.300,0:18:32.070

thank you much

Dr. Hicks and um for everyone we were

 

0:18:32.070,0:18:38.380

talking a little bit off the record when

we we were getting prepared for this

 

0:18:38.380,0:18:43.900

webinar this presentation and dr. Hicks

mentioned that he he’s been a faculty

 

0:18:43.900,0:18:50.050

member for about eight years and his

first two years they were as a MHA

 

0:18:50.050,0:18:56.500

professor and you know a common question

that we get is you know what is the

 

0:18:56.500,0:19:00.160

difference between an MHA degree and an

MBA

 

0:19:00.160,0:19:04.690

what is the difference I mean coming

from an instructor that was first you

 

0:19:04.690,0:19:08.530

know giving classes at MHA now

transition to MBA what is the difference?

 

0:19:08.530,0:19:14.560

I think the main difference between the

two a traditional MHA a degree like the

 

0:19:14.560,0:19:19.330

one that we have at Ohio

focuses heavily on policy and procedures

 

0:19:19.330,0:19:23.470

on the healthcare side it is almost

strictly healthcare you get a little bit

 

0:19:23.470,0:19:28.510

exposure to you know the business

aspects of it but you’re more further

 

0:19:28.510,0:19:34.240

down the line you’re at the receiving

end of the work done by the MBA prepared

 

0:19:34.240,0:19:38.980

health care folks so it’s it’s it’s

similar in terms of it deals with the

 

0:19:38.980,0:19:44.980

same background same field of health

care but in a traditional MHA program is

 

0:19:44.980,0:19:48.550

going to be more focused towards that

hide that hospital setting that hospital

 

0:19:48.550,0:19:53.710

administrator type of thing whereas an

MBA is a broader focus it’s more a

 

0:19:53.710,0:19:58.360

business focus it’s you know how do we

get to that point when that patient

 

0:19:58.360,0:20:03.010

comes in and sees the provider what

happens after that

 

0:20:03.010,0:20:07.270

how do we get our how do we get paid how

does the patient receive the rest of

 

0:20:07.270,0:20:12.010

they care all those things so I think

the big difference between the two if I

 

0:20:12.010,0:20:18.970

had to kind of simplify it as you know

and MHA is how a hospital is ran how

 

0:20:18.970,0:20:23.980

healthcare is ran where an MBA is why

it’s ran that way and what are the push

 

0:20:23.980,0:20:28.620

points two pressure points that you can

work in to improve the outcome

 

0:20:28.620,0:20:30.370

thank youso much Dr. Hicks

 

0:20:30.370,0:20:38.380

I’m also people often ask us if I graduate from the online MHA

 

0:20:38.380,0:20:44.890

program can I apply to the online MBA

program absolutely and yes your 9 MHA

 

0:20:44.890,0:20:50.800

credits will be able to transfer over to

the MBA with a concentration in

 

0:20:50.800,0:20:56.680

healthcare so these courses actually

come from the MHA and they will be able

 

0:20:56.680,0:21:03.190

to carry over Dr. Hicks also how were

the courses in the healthcare

 

0:21:03.190,0:21:10.330

concentration applicable to the careers

described earlier I think they’re very

 

0:21:10.330,0:21:13.720

applicable I mean obviously some a

little you know more direct than others

 

0:21:13.720,0:21:17.770

I think my course the intro courses to

all of them I mean it gives you the

 

0:21:17.770,0:21:22.930

foundation of of how healthcare works

and I think anyone even if may may not

 

0:21:22.930,0:21:26.980

have direct working experience in

healthcare they kind of understand that

 

0:21:26.980,0:21:31.500

the basics of what this my course does

is really the foundational piece to that

 

0:21:31.500,0:21:36.430

moving into law and finance

I mean finance definitely is huge I mean

 

0:21:36.430,0:21:41.830

there’s healthcare as a service industry

and whether or not you know someone

 

0:21:41.830,0:21:44.800

feels like health care should be a right

or it should be universal health care

 

0:21:44.800,0:21:48.790

there’s money involved I mean there is

money changing hands there are budgets

 

0:21:48.790,0:21:54.370

there are units of measure financially

that need to be accounted for and need

 

0:21:54.370,0:21:59.320

to be ran in a good way in order to turn

I say turn a profit I hate to use that

 

0:21:59.320,0:22:03.300

term because it’s not like you’re

returning money to shareholders however

 

0:22:03.300,0:22:07.840

you do have to run in the black so to

speak you do need to have money to keep

 

0:22:07.840,0:22:13.030

your facility running and running well

and then the law again I think similar

 

0:22:13.030,0:22:16.240

to my course the law forces that other

further foundation

 

0:22:16.240,0:22:21.580

pieces you understand you know for

example why why are medicaid cut

 

0:22:21.580,0:22:25.210

different from Medicare cuts and the

type of spending and the different laws

 

0:22:25.210,0:22:30.100

that govern that what’s called

discretionary spending so I think all

 

0:22:30.100,0:22:33.760

the courses are applicable and I think

that’s one of the things I would I would

 

0:22:33.760,0:22:37.390

say you know because I’ve taught at

other universities before I came to Ohio

 

0:22:37.390,0:22:41.890

in similar areas one of the things that

I really liked about Ohio is I think

 

0:22:41.890,0:22:47.740

those three courses not just in the name

but in what they cover during the seven

 

0:22:47.740,0:22:51.370

weeks captures this is the biggest

pieces and that goes back to what I was

 

0:22:51.370,0:22:55.540

talking about kind of the fundamentals

of health care is people policy and

 

0:22:55.540,0:23:00.550

financials so I think we covered those

three things very well and set students

 

0:23:00.550,0:23:07.420

up very successful to have a good choice

on where they want to go and healthcare

 

0:23:07.420,0:23:11.290

with those three courses versus you know

another three different topic areas we

 

0:23:11.290,0:23:16.600

might have been able to pick

thank you for elaborating on that and of

 

0:23:16.600,0:23:21.700

the last question was in regards to you

know if any experience is needed in

 

0:23:21.700,0:23:28.960

order to complete the healthcare

concentration successfully and Dr. Hicks

 

0:23:28.960,0:23:35.110

did mention earlier there is no need for

previous experience in the healthcare

 

0:23:35.110,0:23:41.830

field to pursue the online MBA with the

concentration in health care so that

 

0:23:41.830,0:23:50.170

wraps up the Q&A session thank you so

much for the inside Dr. Hicks

 

0:23:50.170,0:23:55.360

thanks so much for your time we highly

appreciate it and we shall let you get

 

0:23:55.360,0:24:01.210

back to your busy day now but before we

conclude the webinar I would like to

 

0:24:01.210,0:24:06.210

briefly go over the admissions

requirements for the online MBA program

 

0:24:06.210,0:24:11.020

first and foremost the College of

Business is looking for candidates that

 

0:24:11.020,0:24:16.510

have a bachelor’s degree in any field

from a regionally accredited University

 

0:24:16.510,0:24:22.300

and two to five years of professional

work experience minimum and it can be a

 

0:24:22.300,0:24:28.540

any full-time paid position as long as

it’s considered professional work it can

 

0:24:28.540,0:24:32.950

be in any

corporate settings any role as again as

 

0:24:32.950,0:24:37.150

long as it’s professional work the

college of business is also looking for

 

0:24:37.150,0:24:41.740

candidates that have a grade point

average of about three or higher and

 

0:24:41.740,0:24:48.430

this is preferred not a requirement what

the application itself requires is a

 

0:24:48.430,0:24:54.820

resume three letters of recommendation

and hopefully one can come from a

 

0:24:54.820,0:25:01.390

current supervisor manager or director

the others can be academic professional

 

0:25:01.390,0:25:07.360

and up to one personal recommendation it

will require a goal statement or letter

 

0:25:07.360,0:25:13.600

of intent in any format about two pages

long and transcripts from all colleges

 

0:25:13.600,0:25:19.780

attended along with a fifty dollar

application fee paid online upon

 

0:25:19.780,0:25:25.780

completion of the application GMAT

scores are not required and transfer

 

0:25:25.780,0:25:33.120

credits are not accepted from this for

this program now the cost of tuition as

 

0:25:33.120,0:25:38.740

you can see on the right hand side is

thirty-five thousand one hundred and

 

0:25:38.740,0:25:42.910

forty four Ohio residents and

thirty-five thousand eight hundred and

 

0:25:42.910,0:25:49.030

five dollars for non Ohio residents the

cost per semester credit hour is a

 

0:25:49.030,0:25:53.650

thousand and four dollars for Ohio

residents and a thousand and twenty

 

0:25:53.650,0:25:59.620

three dollars for non Ohio residents and

the total credit hours with this program

 

0:25:59.620,0:26:05.190

is 35 35 total semester credit hours

 

0:26:05.340,0:26:12.760

again thank you all for again thank you

all for listening in we’re now accepting

 

0:26:12.760,0:26:17.800

applications for our next enrollment

term start your application today and do

 

0:26:17.800,0:26:22.120

not hesitate in reaching out to your

enrollment advisor or scheduling an

 

0:26:22.120,0:26:25.660

appointment should you have remaining

questions about this program for the

 

0:26:25.660,0:26:30.040

admissions requirements on your

left-hand side you will find a link to

 

0:26:30.040,0:26:34.150

apply as well as a link to schedule the

appointment with your enrollment advisor

 

0:26:34.150,0:26:38.700

thanks again for joining us and have a

great day