Oklahoma universities teaching business skills to health care professionals - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
January 21, 2018 Newswires
Share
Share
Post
Email

Oklahoma universities teaching business skills to health care professionals

Daily Oklahoman (Oklahoma City)

Jan. 21--The recovery plan for the ailing Oklahoma Health Department includes a strong dose of good business practices.

Failure to operate the agency as a sustainable business led to a financial crisis that was revealed last fall and required an emergency infusion of $30 million.

The department's Corrective Action Report suggests the state health commissioner be required to have business-related qualifications, not just medical or health services experience.

Steven Agee, dean of the Meinders School of Business at Oklahoma City University, couldn't agree more.

"I think everyone who runs a department or agency that has a state budget should have some background or training in business management," Agee said.

That goes for every agency, he said, from the Department of Wildlife Conservation to the Health Department.

Doctors are smart people, but they don't learn financial management principles or organizational strategy in medical school.

Now 21 medical doctors are learning those skills and more through a new business school graduate program that allows them to earn a master certificate in health care practice management, Agee said.

The doctors are among the initial group of 23 health professionals enrolled in the one-year online program that was developed in partnership with the Oklahoma State Medical Association.

"We saw this need in the medical community several years ago and worked directly with the OSMA to bring business management education to its members," Agee said.

OCU already was offering business management education to other professionals, like petroleum engineers and lawyers.

Good business management applies to industries across the board, Agee said.

The health care practice management program would help state Health Department executives keep their budget in line with state allocations and can help individual doctors make sure their practice is running efficiently from a financial perspective, Agee said.

"It's not just business. It's their lives, and how their lives might be affected by business," he said.

Health care professionals who complete the 15-credit-hour program can go on to earn a Master of Business Administration at OCU with only 21 additional hours of graduate-level business instruction.

"They're almost halfway to an MBA," Agee said.

Growing industry

The University of Oklahoma also launched a new graduate health care administration certificate program this fall as a collaboration between the Price College of Business and the College of Public Health.

Both colleges recognize the importance of strategically combining business and health care education, because of the industry's fast-moving needs and ever-changing "rules of the game," OU business Dean Daniel Pullin said.

"It's critical. The health care system certainly has become much more complicated over time," Pullin said. "It's rapidly becoming the largest industry in our state."

Topics covered in the program include health care operations, financing and governance, health care legislation and challenges facing the industry today.

MBA students positioning themselves to be leaders in the industry can earn both an MBA and the graduate certificate in health care administration in the same number of hours by using their electives for that purpose, Pullin said.

Four MBA students are on that path now and 10 more plan to apply this year. An additional 42 MBA students are enrolled in some health care-related classes.

Undergraduate students majoring in everything from accounting to marketing can now minor in the business of health care.

The certification program is flexible to allow students to follow multiple pathways in the industry and to prepare them "to tackle what is an enormous business challenge, Pullin said.

The MBA students have internship opportunities on the OU Health Sciences Center campus, where some are working with the provost, Dr. Jason Sanders, on strategic planning for the new OU Medicine Inc.

"We want our students to be able to apply the concepts they are learning in class and see they can build a great career in Oklahoma," Pullin said.

"It's a great example of how higher education is increasingly designing and delivering programs that meet the needs of a rapidly changing marketplace."

Dual degrees

Oklahoma State University offers various programs that combine medicine and business administration, said Ramesh Sharda, vice dean for research and graduate programs at OSU's Spears School of Business.

People who run health care operations "clearly need to be aware of the business side as well," Sharda said.

OSU's College of Osteopathic Medicine offers dual degree options that allow medical students to earn a master of health care administration degree in one year before entering medical school or an MBA through the business school in a single year.

Sharda said OSU's online MBA program has been around for 30 years and is ranked No. 1 in the Big 12.

"It's a very strong, very well-run program," he said.

In addition to DOs, the program has long served MDs who want to move from clinical care to administrative positions, Sharda said.

There is even greater demand from dentists, who more often run their own business, he said.

OSU also offers graduate certificates in health care administration and in health analytics. The latter is beneficial to health care operations in areas such as insurance and financial issues.

The former is designed to help students "get a career started in health care administration, which is very much a growing area," Sharda said.

Such microcredentials -- certification for a particular job -- are becoming popular nationwide, he said.

Students who earn the credential and go to work full time, then have the option to continue their education and earn an MBA online, he said.

___

(c)2018 The Oklahoman

Visit The Oklahoman at www.newsok.com

Distributed by Tribune Content Agency, LLC.

Older

Medicaid work requirement in Wyoming unlikely, but would affect few

Newer

How will millennials impact the future of Butte and beyond?

Advisor News

  • When a client moves, their insurance plan needs to move, too
  • A rising retirement challenge: The license to spend
  • Financial stress leaves less room for retirement saving
  • Giving while you’re living: 3 frequently asked questions about gifting
  • Helping clients prepare for one of their biggest retirement expenses
More Advisor News

Annuity News

  • Global Atlantic names Dan Farrelly head of IMO and IBD channels
  • A rising retirement challenge: The license to spend
  • What lower interest rates mean to annuity payouts
  • AM Best downgrades A-Cap insurers amid financial and regulatory troubles
  • Lawsuit claims Delaware Life hid billions in insurer-linked investments
More Annuity News

Health/Employee Benefits News

  • Trump announces $90 payment to Medicare Part B enrollees
  • Former CEO of health insurance giant Trigon dies
  • As immigrant Medicaid cuts take effect, some in WA can keep their coverage
  • HMSA revamping Medicare Advantage plans
  • HMSA revamping Medicare Advantage plans
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Study Results from Cornell University in the Area of Insurance Reported (Regulatory Competition In the Us Life Insurance Industry): Insurance
  • AM Best Comments on Issuer Credit Ratings of Pacific Life Insurance Company’s Commercial Paper Following Amendment to Program
  • AM Best Affirms Credit Ratings of Protective Life Corporation and Its Key Subsidiaries
  • ICICI Life Insurance names Sidharatha Mishra managing director, CEO
  • Lawsuit alleges companies collected $30 million in ‘illegal wager on human life’
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.