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Vital Care Services and Pace University Selected as Winners of PILOT Health Tech NYC's $100,000 Innovative Project based in New York City

07/28/2013

Vital Care Services and Pace University Selected as Winners of PILOT Health Tech NYC's $100,000 Innovative Project based in New York City

Program Matches Early-Stage Healthcare Technology Companies (Innovators) With Leading Health Care Organizations (Hosts)

NEW YORK, NY — June 28, 2013 — Vital Care Services, a comprehensive remote monitoring TeleHealth company, and Pace University were selected as winners of PILOT Health Tech NYC, a new initiative launched by the Bloomberg Administration, City of New York, and the New York City Economic Development Corporation (NYCEDC). The program is designed to leverage the city’s large concentration of healthcare institutions and entrepreneurial companies, and position New York City as the nation’s hub for healthcare technology.

Vital Care Services and Pace University will use a 6-month pilot to test the effectiveness of TeleHealth solutions to meet current and projected needs of diverse socio-economic communities in New York City. Pace student technicians will assist patients in taking their vitals, which are monitored remotely by a Pace RN. Key objectives of the pilot are to reduce healthcare cost, increase access and quality of care, and train future working professionals at the university level.

TeleHealth is used today to communicate patient health data electronically to improve a patient’s long-term health management and outcomes. It utilizes today’s growing number of telecommunications technology benefits, such as secure Wi-Fi, 4G Cellular, Face-to-Face Video, SMS, and Bluetooth connections. TeleHealth has been proven to conveniently and effectively lower healthcare cost and improve accessibility while achieving better health outcomes.

“Doctors are not going to be able to handle the rapid increase in the elderly population, so TeleHealth is going to be very important,” says Dr. Jean F. Coppola, PhD, Associate Professor at Pace University’s Seidenberg School of Computer Science and Information Systems. “Elderly patients are going to have to rely on TeleHealth to live better and improve their quality of life. Our research has shown that older adults can and want to learn the technology. And they can learn it to the point where they can do it on their own after a few lessons.”

“Our mission is to help people live healthier lives,” says Dave Gaur, co-founder of Vital Care Services. “We are engaged in improving the total population healthcare delivery system as a whole. Increasing access to healthcare, improving quality of care, and reducing costs to patients and providers are our main priorities.”

“A key benefit that patients experience with the TeleHealth technology is awareness,” says Chris Gaur, co-founder of Vital Care Services. “We have had a couple of patients that have had high blood pressure, when they did not know it before and were able to take action to see a doctor to receive potentially life-saving early interventions.”

The panel of judges received portfolios from more than 250 innovators and 20 host organizations, and the results of the competition were publicly announced on June 26 at the inaugural “Pilot Day” held at Blueprint Health in Manhattan.

PILOT Health Tech NYC was created to address key needs in the healthcare technology sector. The Pilot grant recipients will work together for three to six months, and will then have the chance to present their accomplishments on the main stage at Health 2.0’s annual conference in Santa Clara, CA, which starts on Sept. 29, 2013.

About Vital Care Services

Vital Care Services offers comprehensive solutions for the growing healthcare service delivery market.  Vital Care was established when it became evident there was a need to implement cost-effective solutions for health and wellness care delivery personalized to individual needs in their own living setting.  The company’s solutions ensure that patients stay healthy, follow their designed care plans, and avoid costly hospital re-admissions and ER visits.  Using advanced, portable, consumer friendly TeleHealth technology, healthcare providers can interact with their remote-location patients as often as necessary, and implement a customizable regimen to match each patient’s individual needs. The innovative TeleHealth software running on commercial tablets is simple to operate for patients with no prior computer experience.  These Wi-Fi or 4G enabled cellular tablets relay vital sign measurements, personalized daily questions, medication reminders, and clinical advice immediately through encrypted and HIPAA compliant messaging from secure servers. The patient is connected anywhere, and at anytime to a healthcare provider. http://www.myvics.com

About Pace University

Since 1906, Pace University has educated thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area.  A private university, Pace has campuses in Lower Manhattan and Westchester County, NY, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems.

The Seidenberg School of Computer Science and Information Systems’ initiative is addressing technical, business, legal, policy, and strategic issues. These issues are being addressed to support the implementation of TeleHealth services, incorporating on-site/off-site personnel, and the application of data mining and other emerging technologies. http://www.pace.edu/seidenberg

Media Contacts:

Dave Gaur

dave@myvics.com

914-275-7675

Bill Caldwell

wcaldwell@pace.edu

212-346-1597

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New study: Is there an Incentive for Active Retail Mutual Funds to Closet Index in Down Markets?

07/25/2013

New study: Is there an Incentive for Active Retail Mutual Funds to Closet Index in Down Markets?

Researchers at Pace University and Touro College find incentive for active managers to closet index in down markets as investors do not reward outperformance with higher flows

New York, NY – July 25, 2013 — The relationship between fund performance and subsequent net fund flows is significantly different in up markets years as compared to down market years, according to a new study by researchers at Pace University and Touro College.

Professors Aron Gottesman and Matthew Morey of Pace University and Menahem Rosenberg of Touro College examined the relationship between annual fund performance and subsequent annual fund flows in both up and down markets. Specifically, the researchers find that fund performance does not drive subsequent flows nearly as much in down markets as it does in up markets.

“Indeed, in up markets, we find a strong positive relationship between fund performance and subsequent flows,” the researchers write. “Conversely, in down years, the amount of outperformance or underperformance does not significantly influence the next year’s fund flows. Hence, based on these results, there is an incentive for active managers to closet index in down markets as investors do not reward outperformance with higher flows.”

The researchers used a data set comprised of 15 years of open, retail, actively managed, no-load mutual funds over the period 1997-2011. They used retail funds because they capture individual investors who have been shown to be more subject to behavioral biases and because they pay the highest cost for closet indexing. Furthermore, they measured fund performance using a method that individual investors seem to respond to most, i.e., fund annual total returns relative to the Standard and Poor’s 500 index.

For a copy of the research paper, email wcaldwell@pace.edu.

BACKGROUND: Gottesman and Morey of Pace University’s Lubin School of Business are co-authors of previous studies including “Morningstar Mutual Fund Ratings Redux” (2006), “Manager Education and Mutual Fund Performance” (2006), “Predicting Emerging Market Mutual Fund Performance” (2007), “Does Better Corporate Governance Result in Higher Market Valuations in Emerging Markets?” (2009), “CEO Educational Background and Firm Financial Performance” (2010), and “Mutual Fund Corporate Culture and Performance” (2012). Their work has been cited by Financial Times, Forbes, New York Times, and Wall Street Journal.

About Pace University

Since 1906, Pace University has educated thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area.  A private university, Pace has campuses in Lower Manhattan and Westchester County, NY, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems.

Media contact:  Bill Caldwell, Pace, 212-346-1597, wcaldwell@pace.edu

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MacNewsWorld: "Apple Hit Upside the Head by E-Book Ruling"

07/22/2013

MacNewsWorld: "Apple Hit Upside the Head by E-Book Ruling"

. . . “Apple … is no longer a seat-of-the-pants managed company,” Larry Chiagouris, a professor of marketing at Pace University, toldMacNewsWorld. “Its operations have already accounted for these kinds of problems and, as such, these are for the most part minor irritations.”

 

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CNN: "Five internship secrets from superstar college interns"

07/22/2013

CNN: "Five internship secrets from superstar college interns"

. . . Hilda Adenjii, now a campus coordinator at Pace University, interned with event planning group DBD Social last summer. She was unpaid, but her employer covered all project expenses. When DBD Social merged with another company in the fall, they had the money to pay — and they hired Adenjii back as a paid intern.

Read the report by CNN.

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Pace University Alumnus and Adjunct Faculty Member Inducted as Fellow of American Association of Nurse Practitioners

07/22/2013

Pace University Alumnus and Adjunct Faculty Member Inducted as Fellow of American Association of Nurse Practitioners

Pace University Alumnus and Adjunct Faculty Member Inducted as Fellow of American Association of Nurse Practitioners

NEW YORK – Stephen A. Ferrara, DNP, RN, FNP, was inducted as a Fellow of the American Association of Nurse Practitioners (FAANP) during the AANP annual national conference in Las Vegas in June.

Ferrara graduated from the first cohort of Pace University’s Doctor of Nursing Practice program. He is a clinical preceptor, is an adjunct faculty member at Pace University’s Lienhard School of Nursing, and is a health policy leader who has lectured at numerous conferences.

Ferrara is a practicing nurse practitioner with over 12 years of clinical experience. He is a senior clinical associate at Montefiore Medical Center’s Occupational Health Services in the Bronx, NY and the Executive Director of The Nurse Practitioner Association of New York State. He has experience in college, correctional and men’s health. He received the 2012 AANP State Award for clinical excellence. Ferrara has a passion for health care technology and integrating evidence into daily practice.

The FAANP program was established in 2000 to recognize nurse practitioner leaders who have made outstanding contributions to health care through clinical practice, research, education, or policy. Priority initiatives of AANP are the development of leadership and mentorship programs for nurse practitioners and nurse practitioner students. Fellows of the AANP are visionaries committed to the global advancement of nursing through the development of imaginative and creative future nurse practitioner leaders, and as such, hold an annual think tank to strategize about the future of nurse practitioners and health care outside the confines of traditional thinking. A limited number of nurse practitioners are selected for this highly coveted distinction each year.

The American Association of Nurse Practitioners is the largest, full-service national professional organization for nurse practitioners of all specialties. With more than 45,000 individual members and 200 group members, AANP represents the interests of approximately 167,000 nurse practitioners around the country. AANP continually advocates for the active role of nurse practitioners as providers of high-quality, cost-effective, personalized, patient-centered health care.

About the College of Health Professions at Pace University: The College of Health Professions was established in 2010 to showcase the breadth of health professions majors at Pace University. The College is made up of the Lienhard School of Nursing and the Pace University-Lenox Hill Hospital Physician Assistant Studies Program. The College’s vision is innovative leadership in education, practice, and scholarship for the health professions, and its mission is to educate and challenge students for the health professions to be innovators and leaders who will positively impact global health care.

About Pace University: Since 1906, Pace University has produced thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

 

 

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Pace University and the Association of International Bank Auditors announce new cycle of Certified Compliance and Regulatory Professional program

07/01/2013

Pace University and the Association of International Bank Auditors announce new cycle of Certified Compliance and Regulatory Professional program

New “Boot Camp” programs to offer short courses in Manhattan on key current regulatory issues

New York, July 1, 2013 — The Center for Global Governance, Reporting and Regulation at Pace University and the Association of International Bank Auditors announce a new fourth cycle of the Certified Compliance and Regulatory Professional (CCRP®) certificate program.

The new session begins September 5, 2013, and continues to March 6, 2014. Classes will be held at Pace University’s Midtown Center in the historic Fred French Building.

Recognized as the ‘standard’ for training and development courses by bank executives and regulators, the CCRP® program offers a 26-week session with intense and in-depth exposure to all aspects of governance, risk management, regulatory strategy, and relevant regulations taught by industry professionals.

Sessions include detailed discussions of current compliance and regulatory issues, and examinations of real life case studies. Team presentations provide experience in applying coursework to actual business problems.

In addition, new “Boot Camp” programs will be offered by AIBA and Pace, with short (one or two-day) courses covering key current regulatory issues like Bank Secrecy Act/Anti-Money Laundering, Office of Foreign Assets Control (OFAC), and the new Dodd-Frank regulations impacting trading and non-bank operations.

The CCRP® certification is designed for regulatory compliance professionals, auditors, attorneys, consultants, regulators, risk managers, hedge fund managers, and broker-dealers.

”Our program participation has grown from the first cycle focusing primarily on regulation and compliance impacting global banks to include major U.S. banks, asset managers, hedge funds, lawyers and other professionals seeking an in-depth program on U.S. and global compliance issues,” says John Alan James, executive director of the Pace Center.

The CCRP® at Pace provides growth opportunities and positions global financial services professionals as leaders in the compliance community, giving them an edge in a very competitive job market. The program has been designed with the rigorous content demanded by an academic agenda while stressing the important practical dimensions of real-world experience in the compliance field. Professors from Pace University, all with distinguished prior careers in the private sector, created the syllabus alongside veteran compliance professionals from some of the world’s leading international banks.

Guest speakers drawn from prestigious New York law firms, Big Four Accounting firms, and the bank regulatory community will complement the joint Pace-AIBA team.

About the Lubin School of Business at Pace University: Globally recognized and prestigiously accredited, the Lubin School of Business integrates New York City’s business world into the experienced-based education of its students at Pace’s suburban and downtown campuses, implemented by the region’s largest co-op program, team-based learning, and customized career guidance. Its programs are designed to launch success-oriented graduates toward upwardly mobile careers.  www.pace.edu/lubin

About the Association of International Bank Auditors: The AIBA membership consists of internal audit, compliance and internal control professionals of nearly 100 U.S. branches and agencies of foreign banks.  The mission of the AIBA is to foster the professional standing of its members by increasing their knowledge and capacities to carry out their responsibilities with respect to international banking.

Media contact:  Bill Caldwell, Pace, 212-346-1597, wcaldwell@pace.edu

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Greenwich Time: "Pace honors Donofrio with leadership award"

07/01/2013

Greenwich Time: "Pace honors Donofrio with leadership award"

Pace University’s Seidenberg School of Computer Science and Information Systems honored Nicholas Donofrio, IBM Fellow Emeritus and a retired executive vice president for innovation & technology at the 18th Leadership and Service in Technology Award reception at Bank of New York Mellon in New York City on May 21.

Read about it in Greenwich Time.

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Mark M. Besca Succeeds Aniello A. Bianco as Chairman of the Board of trustees of Pace University

07/01/2013

Mark M. Besca Succeeds Aniello A. Bianco as Chairman of the Board of trustees of Pace University

NEW YORK, July 1 – Pace University Vice Chairman Mark M. Besca will succeed Aniello A. Bianco as Chairman of the University’s Board of Trustees effective July 1, Pace President Stephen J. Friedman announced. After 14 years of leadership, Bianco concluded his term as Chairman on June 30. He will continue to serve as a member of the Board for another year.

The transition takes place after several years of impressive growth at the University, with higher enrollments, new academic programs, national recognition for the high employment rate and earning power of Pace graduates, and significant investments in the learning and living facilities on  Pace’s campuses in New York City and Pleasantville.

“This is a time of great momentum at Pace, fueled by an ever growing awareness that the education we offer is especially responsive to the needs of individuals and the nation today,” said President Friedman. “I am delighted that Mark Besca will serve as the next Chairman of the Board of Trustees because he possesses both proven success as a business leader and a deep personal love of Pace that will help us drive this momentum across the University. I know Mark will be a strong and effective Chairman and I look forward to working closely with him.”

“I couldn’t be more pleased to help further position our students and faculty in realizing their individual dreams of achievement and our university mission of Opportunitas,” said Besca. “I am honored to assume the chairmanship from Neil Bianco, a man I deeply admire and respect. Neil’s great support of and affection for Pace University, combined with his visionary leadership as Chairman for the past 14 years, has positioned the University for continued excellence and growth.”

A 1981 graduate of the Lubin School of Business, Besca is the New York City Office Managing Partner at Ernst & Young.  After receiving his Bachelor’s degree in accounting from Pace, Besca went on to earn an MBA in finance from Columbia University.  He has been a Pace Trustee since October 2001.

Mark is also a David Rockefeller Fellow of The New York City Partnership, a Vice Chairman of the UJA Executive Media and Entertainment Group and is a member of the AICPA and the New York Society of CPA’s.

Until August 2011, Besca was the Northeast Industry Leader for the Media and Entertainment group where he served multinational clients and also frequently represented the firmon national broadcasts such as the Primetime Emmy Awards and American Music Award shows.  He began his career through Pace’s career services as an intern with Arthur Young in 1979.

About Pace University: Since 1906, Pace University has educated thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

Media Contact: Cara Cea, 914-906-9680, ccea@pace.edu

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amNewYork: "LGBT New Yorkers elated over Supreme Court DOMA ruling"

06/28/2013

amNewYork: "LGBT New Yorkers elated over Supreme Court DOMA ruling"

. . . “This gives us that extra legitimacy we need,” said Kelly Herbert, who heads the Pace University LGBTQA & Social Justice Center. “It’s hard to sign up for a wedding if you’re not sure how it will work.”

Read the article in amNewYork.

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Business Insider: "The 25 Most Underrated Colleges in America"

06/20/2013

Business Insider: "The 25 Most Underrated Colleges in America"

#5 Pace University  -  Pace began in 1906 as a school for accountancy and business, but today it’s much more varied with schools focusing on health professions, education, computer science, and general arts and sciences. Pace has campuses in both New York City and Westchester, providing students with access to great internships and opportunities in the city.
 
Read the article by Business Insider

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