Healthcare Risk Management
Organizations in today's global economy must respond to numerous uncertainties, including property-liability exposures, employee benefit programs, and various other financial risks. To coordinate responses to the full spectrum of risks affecting a company's bottom line, decision-makers must diversify, hedge, and insure risks in ever more comprehensive and efficient ways. The technical expertise and strategic vision necessary to manage risk is the subject matter of the program in Risk Management and Insurance.
Temple University's program in Risk Management and Insurance is nationally recognized. Located in the Department of Risk, Insurance, and Healthcare Management, the program prepares students to identify and evaluate various sources of risk, and to select and implement solutions to control these risks through insurance and other mechanisms of risk transfer and distribution.
Healthcare is a multi-billion dollar industry within the Philadelphia region, providing an ideal setting for the Temple Healthcare Management Programs. The Fox School of Business and Management has offered an MBA in Healthcare Management since 1968, making it the region's first ACEHSA-accredited graduate program. Healthcare providers, health insurance plans, suppliers and other related businesses are the largest employers of FSBM graduates. The Department of Risk, Insurance, and Healthcare Management has long-standing relations with area health insurers and risk management departmens of area health providers which have facilitated internships and employment for Temple undergraduates.
The Minors in Healthcare Systems and Healthcare Risk Management are provided primarily for business majors interested in acquiring value-added skills sought by prospective employers. Healthcare Management is a concentration within the Business Management major. The Minor in Healthcare Systems Management is also useful for anyone pursuing education in public health, allied health, nursing, social work, psychology or others who foresee future employment in health care, pharmaceuticals, biotechnology, health insurance or public health.
The Healthcare Risk Management Option within the Risk and Insurance major addresses a distinct niche in the employment market by shortening the on-the-job learning time required for new graduates to become productive employees in the health insurance industry and healthcare risk management related employment.
COURSE REQUIREMENTS
The following courses are required for completion of the Healthcare Risk Management option:
Major Requirements:
- RMI 3501 Life and Health Insurance and Employee Benefits
- RMI 3502 Property and Liability Insurance Coverages
- HM 201 Healthcare Financial Management and Information Technology (meets technology requirement)
Choose one elective in Risk Management and Insurance:
- HM W301 - Integrated Delivery Systems and Managed Care is recommended.
Choose one:
- RMI 4596 Advanced Topics in Health and Welfare Employee Benefits (interest in health insurance and health benefits) /or/ RMI 4597 Corporate Risk Management (interest in healthcare corporate risk management)
Additional Course Requirements:
- HM 101 Introduction to the Health Services System (pre-requisite for HM 201)
- Econ W262 - Health Economics
ADMISSIONS INFORMATION
The minor in Healthcare Systems Management is approved by the Fox School of Business and Management for all undergraduate majors. It is also a recognized concentration in the Business Management Major. The Minor in Healthcare Risk Management requires special permission from the Chair of the Department of RIHM to pursue. Students from other colleges and schools should check with their respective advisors in order to determine whether this minor is appropriate and applicable within their majors.
Students may not be admitted to HM 201 nor 302 without approved minor/concentration status and with the permission of the instructor.
GRADE REQUIREMENTS:
All students pursuing the Healthcare Systems Management Minor must meet the following grade requirements:
- A minimum GPA of 3.0 in all course work prior to applying for the minor.
- A minimum grade of "B" in each course in the minor. A GPA of 3.0 in the three course sequence is required to certify the minor.
Additional information on minor declaration and course scheduling, as well as the application is available in the undergraduate advising office.
STUDENT PROFESSIONAL ORGANIZATION
Gamma Iota Sigma is the professional association for majors within the Department of Risk, Insurance and Healthcare Management. GIS offers a variety of professional development opportunities including invited speakers. Many of the schedule speakers address issues of health insurance or healthcare risk management and so would be of interest to those who chose to minor in Healthcare Systems Management or Healthcare Risk Management.
RELATIONSHIP TO MBA IN HEALTHCARE SYSTEMS MANAGEMENT
The Department of RIHM offers a nationally recognized MBA program in Healthcare Management. Completion of the Healthcare Systems Management minor when attached to an FSBM major, or the Healthcare Risk Management major allows for a waiver of the MBA core. Students can then complete the MBA requirements in Healthcare Systems Management in one year. The Graduate Management Admission Test is required. For more information visit the MBA in Healthcare Management web site, or contact Dr. Barbara Manaka at 215.204.4963 or by e-mail at barbara.manaka@temple.edu
CONTACT INFORMATION
Dr. Barbara Blundi Manaka, Associate Program Director, (215) 204-4963