Jefferson College of Health Sciences Merger State Council of Higher - PowerPoint PPT Presentation

Jefferson College of Health Sciences Merger State Council of Higher Education for Virginia September 18, 2018

Public-Private Partnership Jefferson College of Health Sciences Merger

January 2018 Announcement Jefferson College of Health Sciences Merger

Transition Structure Executive Committee Steering Committee Academic Human Information Student Programs and Communication Finance Resources Technology Services Accreditation Jefferson College of Health Sciences Merger

Informational Website Jefferson College of Health Sciences Merger

The Institutions At-A-Glance Category Radford University Jefferson College of Health Sciences Type Comprehensive Public University Private Health Sciences College Focus Liberal Arts Health Sciences 204 acre traditional residential campus ~100,000 sq. ft. urban clinical campus Campus Location Radford, Virginia Roanoke, Virginia Offerings 0 Associates Programs 3 Associates Programs 12 Certificates (incl. UG & GR) 3 Certificates (incl. UG & GR) 38 Bachelor Programs 9 Bachelor Programs 16 Master Programs 5 Master Programs 3 Doctoral Programs 2 Doctoral Programs 69 Total Program Offerings 22 Total Program Offerings Accreditation Southern Association of Colleges and Southern Association of Colleges and Schools Commission on Colleges Schools Commission on Colleges (SACSCOC) (SACSCOC) Jefferson College of Health Sciences Merger

Jefferson College Current State • No debt obligations • No physical infrastructure or deferred maintenance • Operations in Carilion Roanoke Community Hospital • Operations fully self-supporting • Strong demand with sustained enrollment growth • Limited general fund support (i.e. $1.7 million request) Jefferson College of Health Sciences Merger

Institutional Enrollment Comparison Fall Student Headcount Actual Actual Actual Actual Actual Actual 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 Radford University 9,573 9,928 9,798 9,743 9,401 9,418 Undergraduate 8,610 8,913 8,885 8,880 8,453 8,418 Graduate 963 1,015 913 863 948 1,000 Jefferson College 1,048 1,039 1,131 1,062 1,081 1,151 Undergraduate 862 813 876 800 759 775 Graduate 186 226 255 262 322 376 Total Combined 10,621 10,967 10,929 10,805 10,482 10,569 Undergraduate 9,472 9,726 9,761 9,680 9,212 9,193 Graduate 1,149 1,241 1,168 1,125 1,270 1,376 Jefferson College of Health Sciences Merger

Degree Program Overlap Associate of Science in Surgical Technology Unique Associate of Science in Occupational Therapy Assistant Associate of Science in Physical Therapy Assistant Certificate in Medical Lab Science Direct Overlap Bachelor of Science in Biomedical Science Bachelor of Science in Emergency Services Bachelor of Science in Nursing Bachelor of Science in Health Sciences Bachelor of Science in Respiratory Therapy (Traditional and RN-BSN) Bachelor of Science in Healthcare Management Bachelor of Science in Public Health Graduate Certificate in Bioethics Bachelor of Science in Medical Lab Science Master of Occupational Therapy Graduate Certificate in Biology Master of Science in Healthcare Administration Master of Science in Nursing (Family Nurse Practitioner) Master of Science in Physician Assistant Doctor of Health Sciences Doctor of Occupational Therapy Jefferson College of Health Sciences Merger

Institutional Population Overlap Approximately 90% (or 9 out of 10) undergraduates at Radford University and Jefferson College of Health Sciences are in-state Virginia residents. Jefferson College of Health Sciences Merger

College Population Representation Jefferson College of Health Sciences ↓ ↑ Radford University’s Waldron College Jefferson College of Health Sciences Merger

College Average Student Age Average Age by Enrollment Level 31.0 Select Jefferson Programs Avg. Age Health Sciences, Doctorate 40.4 27.2 25.9 Occupational Therapy, Doctorate 37.6 Nursing, Master's 36.7 Healthcare Administration, MHA 31.8 20.6 Physician Assistant, Master's 26.1 Occupational Therapy, Master's 25.1 Undergraduate Graduate Jefferson RU Waldron Jefferson College of Health Sciences Merger

College Entry Salaries Post Completion Workforce Salary Comparison JCHS RU Waldron College $100,000 $82,409 $80,000 $60,000 $55,150 $49,757 $37,695 $40,000 $20,000 $0 Bachelor's Master's Jefferson College of Health Sciences Merger

Jefferson College of Health Sciences Merger

Institutional Experience Comparison Jefferson College of Health Sciences Merger

Institutional Experience Comparison Radford University students seek: Jefferson College students seek: Exploration ‐ Traditional Liberal Arts experience Focused Intensive Experience ‐ Highly competitive providing general knowledge of a wide range of and focused Health Sciences education tailored subjects and a deeper exploration of ones self to the adult learner with part‐time options A high level of student‐teacher interaction, Unique hands‐on experiences working with mentorship, and collaboration national leaders in all areas of healthcare Residential style campus providing greater Desire to interface with health care professionals opportunities for student life experiences , such on a daily basis in a hospital setting as fraternities and sororities, campus wellness center, recreational sports, and clubs Competitive job placement and entry level Sought‐after degree with 93% job placement and salaries compared statewide potential for higher entry level salaries Jefferson College of Health Sciences Merger

Financial Viability and Business Model Jefferson College of Health Sciences Merger

Jefferson College Future State • No debt obligations • No physical infrastructure or deferred maintenance • Operations in Carilion Roanoke Community Hospital • Operations fully self-supporting • Strong demand with sustained enrollment growth • Limited general fund support (i.e. $1.7 million request) Jefferson College of Health Sciences Merger

Jefferson College E&G Operations JCHS Preliminary Financials Allocations Total Revenue $22,643,678 $22,341,670 Personal Services $14,972,577 $14,642,525 Non-Personal Services 6,156,067 6,651,085 Total Direct Expense $21,128,644 $21,293,609 Returned Support 1,515,034 1,048,061 Total Expenses $22,643,678 $22,341,670 Net Surplus/(Deficit) $0 $0 Jefferson College of Health Sciences Merger

Jefferson College Personnel Operations Preliminary Positions Jefferson College currently maintains • by Classification 1 52.0 position allocations. • The Radford University model for Teaching & Research Jefferson College operations is also 68.0 built to support 152.0 positions. ― 12-month employees transition Administrative Classified Staff July 13, 2019 Professional 41.0 43.0 ― 9-month employees transition August 10, 2019 Jefferson College of Health Sciences Merger

Current Undergraduate Costs Radford Jefferson In-State Out-of-State Undergraduate (Annual) Tuition $26,416 $7,922 $19,557 Technology Fee 470 58 58 Capital Fee - - 447 Subtotal Tuition & E&G Fees $26,886 $7,980 $20,062 Comprehensive Fee - 3,230 3,230 Total Undergraduate - Mandatory $26,886 $11,210 $23,292 Room - Standard Double - 5,281 5,281 Board - 19 Meal Plan - 4,229 4,229 Total Undergraduate $26,886 $20,720 $32,802 Jefferson College of Health Sciences Merger

Current Graduate Costs Radford Jefferson In-State Out-of-State Graduate (PCH) Tuition $765 $371 $726 Technology Fee* 20 3 3 Capital Fee - - 19 Subtotal Tuition & E&G Fees $785 $375 $748 Comprehensive Fee - 135 135 Total Graduate $785 $509 $882 Jefferson College of Health Sciences Merger

Revenue Comparison JCHS Preliminary Financials Allocations Revenue Non-General Fund Tuition and Fees $25,761,360 $23,758,415 Scholarships (3,293,215) (3,300,000) Net Receivables $22,468,145 $20,458,415 Sales & Services 133,184 133,484 Other Revenue 42,349 42,349 Total Non-General Fund $22,643,678 $20,634,248 General Fund 0 1,707,422 Total Revenue $22,643,678 $22,341,670 Jefferson College of Health Sciences Merger

Maintenance Reserve • No additional funding is being requested. • Site location remains at Carilion Roanoke Community Hospital. • Radford University will enter into a lease agreement with Carilion Clinic to meet space, utility and maintenance needs for Roanoke located space. Jefferson College of Health Sciences Merger

Equipment Trust Fund • Radford University’s Fiscal Year 2019 fund allocation is $1,744,993. • Radford University will receive all current Jefferson College inventory. • Inventory value is expected to grow by $4.1 million. Jefferson College of Health Sciences Merger

Wrap-Up and Discussion Jefferson College of Health Sciences Merger

Jefferson College of Health Sciences Merger State Council of Higher Education for Virginia September 18, 2018