CHICAGO--(EON: Enhanced Online News)--National Association of College and University Business Officers (NACUBO) in cooperation with Huron Education today announced a webcast on Responsibility Center Management (RCM) and how recent innovations are giving rise to new variations. The webcast is on Thursday, October 10 at 1:00 p.m. E.T.
|Colleges and universities are facing a new era of constrained resources, with cutbacks in state and federal funding, limited growth in tuition revenue, decreased research funding, and increased financial aid to students. In the search for solutions, many universities are revisiting the way they structure their budgets. Universities want to optimize decision making, design better incentives for revenue generation, and ensure efficiency and effectiveness. This search has led many institutions to consider Responsibility Center Management (RCM). However, today’s RCM models are not the same as those implemented in decades past.|
|Today’s RCM models still offer increased transparency and clarified roles and responsibilities between local and central units, but in addition to those characteristics, dozens of innovations have occurred to free RCM models of the limitations that have fueled anti-RCM rhetoric for years.|
|This webcast will focus on the innovations and trends that have emerged in contemporary RCM models and how your institution can benefit from them.|
|This webcast features:|
• Aimee S. Heeter, associate vice provost and director of Budget, Planning and Development, Indiana University; and
• Amir Rahnamay-Azar, vice president for finance and chief financial officer, Carnegie Mellon University.
For access to the webcast, visit: http://www.nacubo.org/Distance_Learning/Responsibility_Center_Management_How_Innovations_Have_Changed_the_Nature_of_RCM.html.
NACUBO recently published a book entitled, Responsibility Center Management, A Guide to Balancing Academic Entrepreneurship with Fiscal Responsibility. It updates the current practices and thinking behind this budget model and expands the previous version, which was published more than a decade ago. The new book was co-written by John R. Curry and Andrew L. Laws of Huron Education, along with Jon C. Strauss, the president of Manhattanville College. To learn more, visit: http://www.huronconsultinggroup.com/Insights/Resource/Education/Responsibility_Center_Management_A_Budget_Model_for_Your_University.aspx.
For additional information on the webcast or to speak with Huron Education’s John Curry, please contact:
Jennifer Frost Hennagir
NACUBO, founded in 1962, is a nonprofit professional organization representing chief administrative and financial officers at more than 2,100 colleges and universities across the country. NACUBO’s mission is to promote sound management and financial practices at colleges and universities.
About Huron Education
Huron Education is the premier provider serving the unique needs of the higher education industry. Our team of professionals, each with extensive knowledge and experience in the business of higher education and academic medical centers, delivers comprehensive services to the industry and partners with institutions to improve business performance across the enterprise. Our professionals draw from their experience working in the strategic, financial, operational, and regulatory aspects of higher education to develop and implement the most effective consulting and software solutions. Huron Education has helped more than 95 of the nation’s top 100 research institutions improve their performance so they can continue their traditions of extraordinary achievement. Learn more at www.huronconsultinggroup.com/highereducation or follow us on Twitter: @Huron.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries improve performance, reduce costs, leverage technology, process and review large amounts of complex data, address regulatory changes, recover from distress and stimulate growth. Our professionals employ their expertise in administration, management, finance, operations, strategy and technology to provide our clients with specialized analyses and customized advice and solutions that are tailored to address each client's particular challenges and opportunities to deliver sustainable and measurable results. The Company provides consulting services to a wide variety of both financially sound and distressed organizations, including healthcare organizations, leading academic institutions, Fortune 500 companies, governmental entities and law firms. Huron has worked with more than 95 of the top 100 research universities, more than 400 corporate general counsel, and more than 385 hospitals and academic medical centers. Learn more at www.huronconsultinggroup.com.