FALL 2005
VOL. 7 NO. 1

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    Technology & Innovation    Cybersecurity Forum Brings Experts to Smith 
    Exploring the Business of Health Care    Global EMBA Students Take on Corporate Challenges in Real Time    More

The Smith School’s newest research center, the Center for Health Information and Decision Systems (CHIDS), will focus on the use of advanced information technologies in business processes and management systems within the health care industry.

CHIDS is a collaborative effort drawing on the expertise of the Decision and Information Technologies (D&IT) department at the Smith School, the University of Maryland Medical Center, University Hospital, and other resources in the University of Maryland network. CHIDS will work to improve the delivery of health care with researched solutions that impact safety, quality, access, efficiency, and return on investment.

“The potential savings and other benefits of fully moving the health care industry into the digital age are substantial but so are the challenges,” said Howard Frank, dean of the Smith School. “The Smith School’s Center for Health Information and Decision Systems comes at a critical time and answers significant gaps in current health information technology education and research.”

“Health care is multi-billion dollar industry,” said Ritu Agarwal, director of the center and Dean's Chair of Information Systems. “There is tremendous potential for improving the efficiency and effectiveness of the health care delivery process through the application of advanced information and decision technologies. CHIDS is currently working on research related to the adoption of electronic medical records, privacy issues and the transformation of physician work practices through mobile technologies.”

Improving health care technology has been a national priority for the Bush Administration, which supports the formation of a national electronic health record system within the next 10 years that would assist in tracking and sharing information on every U.S. citizen. According to the federal Office of the National Coordinator for Health Information Technology, an agency created by President Bush in April 2004, such a system would produce efficiencies saving $140 billion a year.
 



Finance guru Warren Buffett, the world’s second wealthiest man, met with Smith students on May 22 as part of a trip organized by the Finance and Investment Society, an undergraduate student group. Buffett answered questions for several hours at his office in Nebraska.

“Warren Buffett provided some great insights to the students about to embark on their professional careers,” said Asher Epstein, managing director of the Dingman Center for Entrepreneurship, who accompanied the students. “‘Get on the right train early,’ Buffett said. ‘Don’t go into the buggy whip business.’ He encouraged students to show passion for their work and stressed the importance of desire, energy and integrity to be a success,” said Epstein.


Smith senior Anna Kroupnik was a recipient of the R. Gene Richter Scholarship for 2005, a $5,000 award from the Institute for Supply Chain Management. It is the only national award in this field. Kroupnik, who is majoring in both international business and logistics, feels the two are a natural fit. “Much of logistics is international, especially with recent increases in globalization and outsourcing,” she says. “Logistics becomes even more exciting when it mixes into the international arena.”

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