Program Overview

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Introduction to the Risk Management and Insurance BBA with Healthcare Risk Management Concentration

The Bachelor of Business Administration in Risk Management and Insurance (RMI) with a concentration in Healthcare Risk Management is offered by the Department of Risk, Actuarial Science, Healthcare Management, and Legal Studies. This program prepares students to identify and evaluate various sources of risk, then select and implement solutions to control these risks through insurance and other mechanisms of risk transfer and distribution.

Overview of the Program

Graduates of this program often enter the risk management or employee benefit departments of large businesses and other organizations. They may also take challenging positions within insurance or benefit consulting firms, brokerage firms, agency operations, or insurance companies.

Concentrations

Students who wish to pursue the RMI major must select one of the following concentrations to align with their career interests:

• Healthcare Risk Management
• Managing Corporate Risk
• Managing Human Capital Risk

Healthcare Risk Management Concentration

Students pursuing the Healthcare Risk Management concentration will explore the dynamics between risk management, quality improvement, and patient safety and learn how these aspects impact the business of healthcare and patient health. They will examine the financial, technological, and health services systems required to successfully operate healthcare management organizations.

Campus Location and Program Code

• Campus Location: Main
• Program Code: BU-RMI-BBA

Student Professional Organization

Risk Management and Insurance majors are strongly encouraged to become active in the Sigma chapter of Gamma Iota Sigma (GIS), Temple's national award-winning professional student organization in Risk Management, Insurance, and Actuarial Science.

HRM Focus

The Department of Management offers Human Resource Management (HRM) courses that complement the Department of Risk, Actuarial Science, Healthcare Management, and Legal Studies' RMI courses for students interested in a career in employee benefits and/or human resource management.

Summary of Requirements

University Requirements

All students are required to complete the university's General Education (GenEd) curriculum.

College Requirements

Students must meet College Graduation requirements for the Bachelor of Business Administration, including the requirements of the major listed below. Students pursuing any of the Risk Management and Insurance major/concentrations must attain a 2.0 cumulative GPA and 2.0 in the major/concentration to graduate with the Risk Management major.

Major Requirements

Students must follow the Major Requirements and College Requirements current at the time of declaration. Students not continuously enrolled who have not been approved for a Leave of Absence or study elsewhere must follow University, College, and Major requirements current at the time of re-enrollment.

Requirements of Healthcare Risk Management Concentration

The following courses are required for the Healthcare Risk Management concentration:

• RMI 3501: Managing Human Capital Risk
• RMI 3502: Managing Property Liability Risk I
• HCM 3501: Introduction to Health Services Systems (Fall 7A only)
• HCM 3502: Healthcare Financing and Information Technology (Fall 7B only)
• HCM 4596: Healthcare Quality and Risk Management (Spring only)
• Select one of the following:
  • RMI 3504: Managing Property Liability Risk II
  • RMI 3505: Risk Financing
  • RMI 3506: Risk Analytics
  • LGLS 3501: Introduction to Corporate Compliance
  • ECON 3507: Health Economics

Suggested Academic Plan

Bachelor of Business Administration in Risk Management and Insurance with Healthcare Risk Management Concentration

The suggested academic plan for new students starting in the academic year is outlined below. Please note that this plan is suggested only, ensuring prerequisites are met.

Year 1

• Fall:
  • STAT 1001: Quantitative Methods for Business I
  • ECON 1101: Macroeconomic Principles
  • HRM 1101: Leadership and Organizational Management
  • ENG 0802 or ENG 0812 or ENG 0902: Analytical Reading and Writing [GW] or Analytical Reading and Writing: ESL [GW] or Honors Analytical Reading and Writing [GW]
  • GenEd Breadth Course
• Spring:
  • STAT 1102: Quantitative Methods for Business II
  • ECON 1102: Microeconomic Principles
  • BA 1103: Legal and Ethical Reasoning in Business
  • IH 0851 or IH 0951: Intellectual Heritage I: The Good Life [GY] or Honors Intellectual Heritage I: The Good Life [GY]
  • GenEd Breadth Course

Year 2

• Fall:
  • ACCT 2103: Financial and Managerial Accounting for Decision Making
  • STAT 2103: Statistical Business Analytics (waives GenEd Quantitative Literacy requirement)
  • MIS 2101: Digital Systems
  • IH 0852 or IH 0952: Intellectual Heritage II: The Common Good [GZ] or Honors Intellectual Heritage II: The Common Good [GZ]
  • GenEd Breadth Course
• Spring:
  • MKTG 2101: Marketing Management
  • BA 2101: Professional Development Strategies
  • BA 2196: Business Communications [WI]
  • BA 2501: Turning Numbers into Knowledge: Visualizing Data
  • RMI 2101: Introduction to Risk Management
  • GenEd Breadth Course

Year 3

• Fall:
  • FIN 3101: Financial Management
  • MSOM 3101: Operations Management
  • RMI 3501: Managing Human Capital Risk
  • HCM 3501: Introduction to Health Services Systems (Fall 7A only)
  • HCM 3502: Healthcare Financing and Information Technology (Fall 7B only)
• Spring:
  • RMI 3502: Managing Property Liability Risk I
  • HCM 4596: Healthcare Quality and Risk Management [WI]
  • Business Elective 1
  • GenEd Breadth Course
  • Free Elective

Year 4

• Fall:
  • BA 4102: Strategic Management
  • Business Elective 1
  • GenEd Breadth Course
  • GenEd Breadth Course
  • Free Elective
• Spring:
  • Select one of the following:
    • RMI 3504: Managing Property Liability Risk II
    • RMI 3505: Risk Financing
    • RMI 3506: Risk Analytics
    • LGLS 3501: Introduction to Corporate Compliance
    • ECON 3507: Health Economics
  • Business Elective 1
  • Free Elective
  • Free Elective
  • Free Elective

Accelerated Programs

Students may opt to pursue an accelerated +1 program, enabling them to complete both a bachelor's degree and master's degree in less time than the traditional route. The following accelerated programs are available to students in the Risk Management and Insurance BBA:

• Actuarial Science MS
• Business Analytics MS
• Information Technology Auditing and Cyber Security MS
• Innovation Management and Entrepreneurship MS