Advocate Health Care to make $200 million in cuts – 05/05/17
Article discusses how Advocate Health Care, Illinois’ largest hospital system, is making $200 million in cuts in response to financial pressures such as reimbursement rates from federal and state insurance programs that don’t cover the cost of caring for patients. “I think some of them [hospitals] are just hitting a pause for a second to figure out what the world’s going to look like in a year,” said Professor Craig Garthwaite.
Investing In India’s Low-Fee Schools – 05/05/17
Article discusses how Kellogg student Ashwin Halgeri’s upbringing helped his team, EduIndia Fund, create the winning proposal of the 2017 Kellogg-Morgan Stanley Sustainable Investing Challenge. Halgeri and partners Erica Hoeveler and Chris Shaw developed an investment vehicle to expand access to high-quality, low-fee private schools in India, aiming to help more children from low-income families attend school and remain in class, rather than drop out for financial reasons.
Can a life-swap exercise stop a community tearing itself in two? – 05/04/17
In certain iterations it can have an obvious, immediate positive impact on participants, but there are some drawbacks according to Nour Kteily, a professor who has studied "perspective taking" in negotiations between Palestinians and Israelis at Northwestern University's Kellogg School of Management. "There is a lot of work in social psychology that suggests that intergroup contact can be helpful," he says. "[However,] it can have the flavour of a feel-good exercise that doesn't change a lot on the ground. There's research that shows that can be frustrating on the low-power group.”
How do you pay for pre-existing conditions? The GOP plans to charge more – 05/04/17
Article discusses how, in the new GOP health care bill, Republicans plan to have insurance companies charge people more if they have a pre-existing condition. “So imagine we’re making a model airplane. They want to make one with one wing and one landing gear, but not think about ‘What does it take to make this health insurance airplane get off the ground?'” said Professor Craig Garthwaite.
Poets & Quants
2017 Best MBAs: Jared Scharen, Northwestern (Kellogg) – 05/04/17
Article features an interview with Jared Scharen, a Kellogg student who made Poets & Quants’ “2017 Best MBAs” list. Scharen discusses his professional experience and the entrepreneurship resources he received while at Kellogg. After graduation, Scharen will be working at eRetirements.com, a startup he founded to help Baby Boomers identify their ideal retirement locations. The full list of Best MBAs will be published on Monday.
Is the Notion of Two Weeks’ Notice Obsolete? One Company Has An Alternative – 05/04/17
In the end, employee turnover is inevitable at any company, and having open conversations can be beneficial, said Victoria Medvec, professor of management and organizations at the Kellogg School of Management at Northwestern University. “Knowing early and creating a willingness for employees to tell you early about their interest in going elsewhere is very helpful,” she said. This allows for advanced notice for the employer to start a succession planning process.
How The Latest Obamacare Repeal Bill Could Affect Illinois – 05/04/17
At least one local expert describes the old Illinois program for Obamacare as “a disaster.” “It was under-funded, the premiums were really high, and then there was also a waiting period to get it,” said Joel Shalowitz, a clinical professor of Health Industry Management at the Kellogg School of Management at Northwestern University. “So the people who needed it found it hard to get, and then it was un-affordable.”
Venezuelan economy in crisis – 05/03/17
Adjunct Lecturer Daniel Lansberg-Rodriguez joins NPR to provide historical context to the economic rise of and current chaos in Venezuela. He examines the country’s economic trajectory, beginning with major reforms promised by Hugo Chavez in the 1990s.
Four Keys To Renegotiating NAFTA – 04/30/17
Article by Adjunct Professor Philip Levy discusses President Trump’s decision to renegotiate NAFTA, offering four crucial components to the renegotiations: reasonable objectives, personnel who are qualified to negotiate, consistent direction from the White House, and congressional approval.
Social media is polarizing users faster than ever – 04/30/17
Article originally published on Kellogg Insight highlights Professor Brian Uzzi’s research on the role of user behavior in the formation of online echo chambers. From a massive pool of 12 million social media users, it was found that almost all the users became highly polarized at an astonishing speed. “Even people who start out holding two points of view at the same time can very quickly go into an echo chamber,” Uzzi said.
Crain’s Chicago Business
Dividing to conquer the ticket game – 04/29/17
Article discusses how Chicago’s professional sports teams have increased their ticket-pricing tiers over the past five years to allow for revenue growth. “If you’re trying to price two different things of the same quality at different prices, it’s not going to work. You’ve got to get all the prices right simultaneously,” said Professor Sandeep Baliga.
With Anthem-Cigna All But Dead, M&A Speculation Is Back On – 04/28/17
Article discusses how, in light of the Anthem Inc.-Cigna Corp. merger being shot down, speculation has begun regarding the next health-insurance megadeal, likely involving Humana, which specializes in the business of selling private health plans for the elderly. “There’s a new sheriff in town, so you might be less concerned about what the agencies think of your merger,” said Professor Amanda Starc.
Amazon’s moves beyond retail get Wall Street thumbs up, for now – 04/28/17
Although Amazon recently hit an all-time high in sales, there is growing concern that investors may start viewing the company more like a conglomerate, due to its ventures extending far beyond online retail. “High growth covers a lot of sins. Picture yourself running the company where one minute we’re talking about how we’re going to operate air cargo, and the next minute we’re going to talk about artificial intelligence. I don’t think it’s sustainable,” said Professor Harry Kraemer. CNBC.com, Business Insider, and The New York Times also picked up the article.