Despite the threat of congress further changing the rules of our health care system, and a 16 day shutdown of the federal government, leaders across Minnesota and the Midwest have been working to increase the accessibility to insurance while improving patient care and reducing costs. So, instead of focusing on the political bloviating in Washington, let’s turn our attention to the opportunities being developed right here in Minnesota and in the greater University of St. Thomas community, where improvements have already changed the way patients receive new health care benefits. Daniel McLaughlin, M.H.A, the director of the UST Center for Health and Medical Affairs, shared his insight to the progressive nature of our evolving local health care models.
Health Care MBA
Dr. Don Berwick, former administrator of the centers for Medicare and Medicaid Services, and former president and CEO of the Institute for Healthcare Improvement spoke at the 14th annual Physician Leadership Symposium, held earlier this month at the Opus College of Business.
With his credentials, you might expect his presentation to be filled with medical terminology and jargon–however, Berwick began by introducing us to his beloved and most brilliant four-year-old grandson, and a character from the Harry Potter books, He-Who-Must-Not-Be-Named. As a proud grandfather, physician and expert in providing quality health care, Berwick is deeply concerned for the present status and future of U.S. health care.
What does Voldemort (gasp!), have to do with health care? Using Harry Potter’s evil character as a metaphor, Berwick defined 11 monsters — economic and social variables impacting our health care system. The unspeakable hot topics included:
If you hadn’t heard, the Affordable Care Act (a.k.a. Obamacare) in beginning to be implemented and tomorrow marks one major step in that direction. Health insurance exchanges open around the country allowing people to enroll for coverage of one kind or another that takes effect January 1.
Here in Minnesota, our exchange, MNsure explains itself as “a new marketplace where Minnesotans can fins, compare, choose and get quality health care coverage that best fits their needs and budget. MNsure is for you, whether you currently by health insurance on your own or you are uninsured.”
Many people will be observing this launch—from ordinary citizens, to the media and politicians on both sides of the health care debate. Look for Opus College of Business faculty in the media this week and beyond explaining the issues. And on campus, we’re planning several events that are in one way or another related to the Affordable Care Act and health in business. Here’s details on a few:
Last month, the Minneapolis/St. Paul Business Journal held its fourth annual awards ceremony to recognize the 22 companies who scored the highest on its 2013 Healthiest Employers assessment. These employers share a commitment to improving the overall well-being of their employees including physical, mental, social, and financial health. They believe that a healthy workplace will not only create a happier, healthier workforce, but has the potential to enhance recruitment and retention, increase teamwork and collaboration, reduce absences, and curb spiraling health care costs.
In this era of complexity and global economic uncertainty, wouldn’t it be wonderful if we could invent a whole new industry? A field where people spend their days working on ways to change the world, adding new jobs in America (and of course the State of Minnesota), become an engine of economic growth and be a net exporter of goods. If you could find such an industry wouldn’t it be an American treasure? And wouldn’t you assume it would be an industry where government, whether local, State or Federal, created ways to support, invest in and accelerate its potential?
You don’t need to look any further than “Medical Alley” right here in the Twin Cities to find this industry. The medical device industry is a Minnesota success story and is home to hundreds of medical device companies, including Boston Scientific, Medtronic and St. Jude Medical. The patient benefits of medical technology is undeniable, both from a clinical and economic perspective. Medical devices have saved countless lives with products such as the implantable defibrillator and heart stent. And have allowed people to live fuller lives through minimally invasive procedures that treat cancer, alleviate pain, avoid amputation, or debilitating stroke.
Megan Szlachtowski had always wanted to live in the big city. Moving from her family’s quiet farm in small-town Olivia, MN to the bustling port city of Duluth, where she graduated with a degree in health information management (HIM) from the College of St. Scholastica, allowed her to fulfill her dream. After graduation, Szlachtowski started work at Allina Health in the Twin Cities, where’s she’s been for the last five years. But now, Szlachtowski has a new dream–one that she hopes to reach with her Health Care MBA from the Opus College of Business.
Szlachtowski is currently completing her first year of the 27-month, 18-course program. Having taken clinical health care classes during her undergraduate experience, Szlachtowski wanted to further her education with the formation of a stronger business sense; a degree pairing both seemed logical. The Health Care MBA’s cohort model, flexibility of both online and on-site classes as well as the close-knit environment were all attractive qualities for Szlachtowski. “From the minute I walked into the information session, I knew this was a place I would feel comfortable and
More than 250 students were hooded in the Graduate Business Commencement Ceremony on Saturday, May 25. Randall J. Hogan, chairman and CEO of Pentair, delivered the commencement address and told the graduates “You’re starting the next phase of your lives” and the two things you need to be successful are to “create your own future, and control your own destiny. Make sure you have a goal in mind, when opportunities present themselves, you will be bold enough to take them.”
How does one successfully navigate the process of moving from an individual contributor or team member to a first-time manager and leader? Which leadership characteristics and competencies promote positive and authentic leadership and which practices or attitudes can detract from an individual’s leadership potential? Moreover, how does one learn or develop leadership capabilities?
Last month, I had the pleasure of attending the first National Association of Asian MBAs (NAAMBA) event hosted on the University of St. Thomas Minneapolis campus in the Opus College of Business Schulze Auditorium. The event focused on topic that resonated with all attendees, is consistently on the minds of business professionals, and is interwoven throughout the UST MBA program (and many other MBA programs’) curriculum: leadership.
To spark the discussion, NAAMBA-Twin Cities invited Robert C. Barnett, adjunct faculty member in UST’s Organizational Learning and Development department and principal and senior fellow in management consulting at Robert Barnett Consulting, LLC and MDA Leadership Consulting, to share his extensive research and findings about leadership.
What does it take to be a leader in health care? For Wade Blomgren, regional business manager at Roche Diagnostics, the answer lies in the ability to collaborate across all facets of the healthcare system. “In health care, there is no one right answer. At a high level, you need to understand the big picture, then find the right people to help figure out the options and get the job done. The key is collaboration – finding others who complement what you do and don’t do well.”
The collaborative environment is what drew Blomgren to the Health Care UST MBA program at St. Thomas for his continuing development. In the midst of a successful career in sales and customer service following 13 years as an army officer, he recognized that he needed to better understand the “big picture” of business and health care to be effective in the new stage of his career as a regional business manager. What better way to gain this understanding than by immersing himself in a program of health care leaders that represent the full spectrum of the industry and range from individual contributors to presidents? “The cohort structure of this program truly allows us to learn from each other and challenges us all to think differently about how to tackle the problems and opportunities facing the industry.”
Deadlines are approaching–and in some cases passed–for B-school applications. The Evening UST MBA‘s priority deadline for Spring 2013 admissions was November 1, applications are still welcomed and reviewed once the file is complete. So, as you’re working on your application, how can you stand out (in a good way) to get a spot in the class?
We’ve got an old series of posts here on Opus Magnum with application and admissions advice called “Take it From Me” with some of the bad examples and recently, Business Insider published a great list of 4 Ways To Make Your MBA Application Stand Out.
One of the biggest mistakes candidates make is that “they act on what they perceive the committees want rather than reveal what’s interesting within themselves,” says Jeremy Shinewald, author of “The Complete Start-to-Finish MBA Admissions Guide” and founder of mbaMission, a consulting firm for business school candidates. “They try to become something that they’re not to impress the committee.”