B. Magazine – Opus Magnum
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B. Magazine

Health Care MBA, leadership, Newsroom

Rural Demographics Raise Concerns About Health Care Availability

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This post is from the Spring 2012 edition of B. Magazine

There is an allure to country living. Rural residents revel in songbirds, vibrant night skies and a pace of life that rewards quiet and solitude. But like their urban brethren, when health issues arise country residents desire quality, accessibility and affordable care. Unfortunately, statistics show that compounding circumstances are giving rise to a crisis in rural health care.

A recent United Health Group study reveals that in remote areas of the United States, 18 percent of residents are now more than 65 years old, versus the 13 percent national average. Families in rural areas are disproportionately living below the federal poverty level, and people living outside of metropolitan areas have a higher rate of chronic illnesses (hypertension, diabetes, cancer and arthritis) induced, in part, by increased smoking and obesity. The grim picture? Rural residents in our country are older and sicker than urban residents.

These factors alone are enough to have a large impact on insurance coverage and availability in rural areas. To complicate matters, nearly one third of the older rural population is utilizing Medicare or Medicaid as its primary source of coverage versus one quarter of that population in urban areas. Rural Americans are more likely to be uninsured compared to city dwellers, and private insurance coverage rates in rural areas lag behind their counterparts in urban areas by 6 percent. Continue Reading

Centers, Environment, Ethics, Faculty, FTMBA, Newsroom

Ethics and the Economy

By Christopher Puto, Dean of the Opus College of Business

Dean PutoAs I write this, the U. S. economy is either in an extended stagnation or one of the slowest recoveries since such activities have been tracked. An important consideration for all of us in business is “what happens to ethics when the economy goes ‘south’?” The answer may not be simple.

Dan Kahneman, a psychologist who recently won the Nobel Prize for Economic Sciences, and his late research collaborator, Amos Tversky, demonstrated that individuals tend to take more risks when they perceive themselves to be facing a loss. This finding has been replicated by countless scholars using subject populations with differing education levels and analytical skills.

When individuals in these circumstances elect risky options, these are not the “calculated risks” so often attributed to effective business leaders but rather are non-rational choices motivated more by emotions than reason. One choice extremely vulnerable to this is that of compromising one’s ethical values in order to avoid a perceived loss. Yes, good people can do bad things.

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Admissions, Admissions, EveningMBA, FTMBA, Health Care MBA, Newsroom, Student Life

The emergence of social entrepreneurship in the MBA community

The Education section of the New York Times this morning had an article about the emergence of social entrepreneurship in the MBA community; I certainly recommend reading it if this is a topic of interest to you.

In the article, author Nazanin Lankarani discusses the results of a recent survey (pdf) of applicants as to why they are pursuing an MBA.  The results were astonishing – almost 30% of the respondents cited “starting own business” as a prime aspiration, a statistic that is up approximately 25% from the last survey in 2006.  The author also points out another interesting statistic – the prime aspiration “improving career prospects” has dropped significantly from the last survey (66.2 percent in 2009, 73 percent in 2006).  This made me think about two things on my Wednesday morning coffee break. First, what are the prime aspirations for current UST MBA students? And second, what are my applicant’s prime aspirations for obtaining an MBA? Continue Reading