Midwestern Higher Education Commission

Filing Period

Jul 1, 2011 to Jun 30, 2012

Signed

May 1, 2013

Return Version

2011v1.5

Gross Receipts

$2,324,402

Mission

Major Activities

Activity 2

Policy and research:mhec's 7th annual policy summit, ready or not here they come: ensuring the college success of all students, focused on three core dimensions of college readiness: academic preparation; financial planning and literacy; and non-cognitive variables such as awareness, aspirations, motivation, and resilience. Mhec launched a major initiative in fy12 with disciplinary "tuning," in which teams of college and university faculty in the fields of psychology and marketing create shared understandings of the knowledge and transferable skills students in their disciplines must demonstrate upon completion of their degrees. Other key initiatives that were launched in fy12 include an effort to develop a reciprocal agreement among mhec states for authorization of out-of-state providers of postsecondary education courses and programs; and an effort called the "highered redesign initiative," in which principles and practices from the design fields and related creative industries will be applied to the redesign of higher education models, processes, and practices.

Activity 3

Cost savings:mhec's cost savings program has saved the member states:- hardware: $22,511,378- software: $ 1,534,617- master property: $ 9,190,773mhec has developed several cost savings initiatives designed to help colleges and universities in the midwest (and in many cases new england and the west) save money and obtain value added benefits. In the area of health care, mhec established a pharmacy benefit management (pbm) program to provide institutions access to discounts on pharmacy purchases; and a student health collaborative which offers colleges and universities affordable and accessible ppaca compliant health insurance for their students. In the area of risk management, mhec has a property insurance program that provides comprehensive property insurance coverage for higher education institutions at reduced premium rates. Mhec also has created numerous technology related contracts that leverage the potential volume of the institutions in its member states to offer reduced costs on technology related purchases. In addition, mhec's cost savings initiatives in many cases can be utilized by city, county and state government as well as nonprofit organizations.

Filer

EIN

38-3011476