By Casey Gale
Over winter break, Rider launched a business major that will come in handy for those looking to take advantage of the boom in health care without scrubbing in: health care management.
The new major, which was previously only offered as a minor, consists of seven health care management courses, including one research seminar or semester-long internship for experiential learning. Dr. Hope Corman, a finance and economics professor who teaches students about the field, said she’s excited to broaden Rider’s horizons.
“The field of health care is constantly changing, so there are always new developments, and many new aspects to learn,” said Corman. “Recently there has been a push from both the private sector and from the public sector to base decisions on allocation of resources more toward data-driven decision-making. This means that analysts and managers have a greater influence on the way that health care is delivered, and have a greater role in decision-making than in the past.”
Corman said that the health care sector is the largest in the U.S. economy, comprising almost 18% of total economic activity in the country.
“Health care-related goods and services are produced and consumed in every country in the world, and there are fascinating components both domestically and globally,” she said.
Corman and Dr. Kelly Noonan, another professor who is teaching in the program, are longtime research associates of the National Bureau of Economic Research (NBER), a nonprofit economic research organization. Corman said their experience will give health care management students a leg up in gaining access to the latest information in the industry.
“Because of our affiliation with this group, we have access to the latest research, and we receive great feedback on our own research,” said Corman. “We feel that this puts us at a great advantage because we are a part of this elite group of health economists, and have first access to cutting-edge research. We bring discussion of this research into the health economics class, and our knowledge of health economics research is essential for helping students who do either the individual or the group research project.”
For those already in the minor, the major is an opportunity to build on the skills they have been working to acquire.
“Students have become much more savvy about the incredible career opportunities in this field,” said Corman. “Some of these students had been unaware of the technical, administrative and managerial opportunities in health care management, but the publicity surrounding the launch of the major was a great tool for making students more aware of these opportunities.”
Business students are excited to see their college expand.
“I’m glad that Rider is taking an approach to a new and growing field and giving students more opportunities to learn about their interests,” said Nicholas McManus, sophomore information systems major.
An information session on the major will be held on Feb. 14 at 10 a.m. in North Hall in room 202.
By Casey Gale