Harvard Enterprise College Broadcasts Howard Cox Well being Care Initiative Fund

$10 million present from alumnus to assist innovators and leaders who aspire to enhance well being care in the US

BOSTON, March 17, 2022 /PRNewswire/ — Harvard Enterprise College (HBS) has obtained a $10 million present from Howard Cox (MBA 1969) to assist the College’s Well being Care Initiative with the aim of bettering the standard and driving down the price of well being care in the US.  Cox, a enterprise capitalist and philanthropist who has been lively in well being care innovation within the US for over 5 a long time, believes that, by way of its interactions with enterprise and authorities leaders, HBS is uniquely positioned to drive innovation in well being care, creating substantive change that may significantly enhance the standard and worth of well being care supply.

HBS has obtained a $10 million present from Howard Cox (MBA 1969) to assist its Well being Care Initiative.

Howard Cox has been a champion of bettering well being care in our nation for many years,” stated HBS Dean Srikant Datar. “His visionary management, in depth experience, and formidable mind have pushed change at a few of the largest well being care organizations within the nation.  I’m delighted that his ongoing assist for HBS will assist make sure that the following era of leaders can remodel this house.  He really exemplifies our mission of constructing a distinction on this planet.”

With almost 50 years of expertise founding, advising, and rising well being care companies, together with main gamers like Stryker Corp., Cox has witnessed the sector’s evolution first-hand. He is aware of that leaders with nice administration expertise can have a big affect and he believes that funds derived from decreasing well being care expenditures might be used to enhance schooling and enhance wages, serving to to shut the revenue and alternative hole.

“The US spent shut to twenty p.c of its gross home product on well being care in 2020, the best by far amongst developed international locations. Well being care additionally has doubled as a share of complete authorities expenditures within the final three a long time,” stated Cox.  “Enhancing well being care within the US ought to be a crew effort, with medical doctors targeted on improved outcomes and managers targeted on improved efficiencies with the aim of decreasing well being care prices as a share of GDP. I hope that my present will encourage different alumni to contribute to the Well being Care Initiative to additional amplify its affect.”

Cox’s perception in a crew strategy led him to encourage and assist fund the institution of the Well being Care Initiative at HBS in 2005, believing that the varsity’s assets and capabilities might allow it to be particularly impactful.

Dean [John] McArthur was an vital determine within the well being care sector in Boston and he and I shared a ardour for making it higher,” stated Cox. “When Kim Clark turned Dean, John and I mentioned with him how HBS might make a distinction by enjoying an enormous function in bettering well being care on this nation and the way I needed to assist make that occur by offering the preliminary funding to ascertain a well being care initiative on the college. Dean Clark agreed, and continued to put money into it, as has each dean since, and that is why I need to proceed investing in HBS.”

The Well being Care Initiative impacts managerial apply and the tempo of innovation by educating leaders and innovators who aspire to enhance worth throughout the well being care business. The Initiative fosters and promotes college analysis, helps the event of a portfolio of high-impact instructional packages, and creates an interconnected HBS well being care group. Since launching in 2005, the Initiative has spurred groundbreaking analysis and engaged with hundreds of enterprise and medical professionals to create a thriving group targeted on understanding and bettering well being care.

In recognition of this dedication, the College named the Well being Care Initiative college chair place in Cox’s honor. “It could be laborious to overstate the importance and lasting affect of Howard’s present to the Well being Care Initiative,” stated Robert Huckman, Howard Cox Well being Care Initiative College Chair and Albert J. Weatherhead III Professor of Enterprise Administration. “Enhancing the well being care system is among the biggest administration challenges of our time. This present will considerably enhance the annual funding obtainable for this vital work and allow us to conduct analysis and interact the group in novel methods. We’re honored that Howard continues to put money into our work and we’re humbled by his assist of our efforts to place the insights of that work into apply.”

Cox was born in New York Metropolis in 1944. His father, Howard Ellis Cox [MBA 1939], was a embellished World Conflict II pilot, New York lawyer and Lengthy Island developer. His mom owned and operated Ann Cox, Inc, a New York vogue design agency. Cox attended Princeton starting on the age of 16, graduating in 1964. He graduated from Columbia Regulation College in 1967 and HBS in 1969.

Following service within the U.S. Military on task to the Workplace of the Secretary of Protection, he joined Greylock Companions in 1971. Throughout his profession, he led greater than 30 profitable investments. Along with Stryker, the well being care and life sciences investments included American Medical Programs; Amisys Managed Care; Arbor Well being; Centene; Landacorp; Lunar; Meditech; Promega; Rehab Programs; and VHA Lengthy Time period Care.

In 2003, Cox, along with Greylock founding companions William Elfers, Daniel Gregory and Charles Waite and fellow Normal Associate Henry McCance, obtained the Harvard Enterprise College Alumni Achievement Award in recognition of getting helped to construct greater than 250 firms and nurture quite a few modern merchandise in a variety of areas, together with info expertise, well being care, telecommunications, and software program. 

Along with his work with Greylock, Cox has devoted a lot of his time to nationwide safety points, chairing the Finance and Funding Committee of In-Q-Tel, which brings new applied sciences to the U.S. intelligence businesses, and becoming a member of the Enterprise Executives for Nationwide Safety, the Brookings Institute, the Council on International Relations and the Protection Enterprise Board, which advises the Secretary of Protection on greatest enterprise practices.

“The HBS Well being Care Initiative has helped to form administration apply within the area for greater than a decade, however it may by no means have existed had been it not for the imaginative and prescient, tenacity and generosity of Howard Cox,” stated Richard Hamermesh, MBA Class of 1961 Professor of Administration Apply (Retired) and founding College Chair of the HBS Well being Care Initiative. “Howard was not solely affected person with us as we obtained the Initiative off the bottom, he was additionally generative with concepts and insights. We benefited a lot from his counsel, and he actually helped to construct the inspiration for what exists in the present day.”

The Well being Care Initiative additionally lately named a brand new director, Michael Gaines (MBA 1996), who spent the previous 25 years in biotech and pharmaceutical organizations constructing a profession in advertising, company, and model technique. He held a broad vary of management roles in each U.S. and world bio/pharma organizations, and most lately based Gaines Biopharma Consulting as he acknowledged that there have been many small- and mid-sized clinical-stage organizations that wanted skilled management to launch manufacturers and assist pursue strategic partnership. He’ll carry that very same spirit of mentorship, collaboration, and innovation into his function at HBS.

About Harvard Enterprise College

Based in 1908 as a part of Harvard College, Harvard Enterprise College is situated on a 40-acre campus in Boston. Its college of greater than 200 presents full-time packages resulting in the MBA and doctoral levels, in addition to greater than 70 open enrollment Govt Education schemes and 55 customized packages, and HBX, the College’s digital studying platform. For greater than a century, HBS college have drawn on their analysis, their expertise in working with organizations worldwide, and their ardour for instructing to teach leaders who make a distinction on this planet, shaping the apply of enterprise and entrepreneurship across the globe.

Media Contacts

Mark Cautela
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Nicholas Parmelee
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Howard Cox (MBA 1969) has made a $10 million gift to HBS to support the School’s Health Care Initiative with the goal of improving the quality and driving down the cost of health care in the United States.

(PRNewsfoto/Harvard Business School)

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SOURCE Harvard Enterprise College

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