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The Ohio State University Launches Its Accelerated Bachelor of Science in Nursing Program

Client Alert

In response to Ohio’s nursing shortage, The Ohio State University College of Nursing is accepting applications for its new Accelerated Bachelor of Science in Nursing program (aBSN). Created for students with a bachelor’s degree in non-nursing fields, the aBSN allows such students to obtain their nursing degree within 18 months. All aBSN students will participate in high-quality coursework and gain valuable clinical experience. Upon completion of the program, graduates will be eligible to take the State Board, National Council of Licensure Exam for Registered Nursing (NCLEX-RN). 

The program’s first cohort will commence this summer, with applications due by March 1. In addressing the program’s goals, the Assistant Dean for Baccalaureate Programs in the College of Nursing, Wendy Bowles, stated that “[w]e know we can help the community through supporting more students becoming nurses and our practice partners are ready to provide great opportunities to grow these nurses to their highest potential. This is going to be a highly sought-after program, I’m sure.” Bowles further stated, “[t]here is a shortage in nursing. . . that’s where we can help.”

Ohio healthcare providers may greatly benefit from a program like OSU’s aBSN. The American Association of Colleges of Nursing suggests that the U.S. will face a nursing shortage through 2030. In addition to nursing shortages, the Association of American Medical Colleges predicts that the U.S. “could see an estimated shortage of between 37,800 and 124,000 physicians by 2034, including shortfalls in both primary and specialty care.” 

Fighting against the continued shortage within the healthcare force, Ohio providers may seek those who have completed OSU’s aBSN to enter their healthcare community and successfully serve patients. OSU’s aBSN will allow healthcare providers to employ highly qualified individuals to improve care and access to it across Ohio communities. 

Should you have any questions about the content of this Client Alert, please contact BMD Healthcare Member Daphne Kackloudis at dlkackloudis@bmdllc.com.


CARES Act Expands Bankruptcy Options for Individuals and Small Businesses

CARES Act Expands Bankruptcy Options for Individuals and Small Businesses

FDIC Provides Guidance on Loan Modifications & Workout Options for Borrowers Affected by COVID-19

On March 22, 2020, the Federal Deposit Insurance Corp (FDIC) and other federal banking regulatory agencies, along with state banking regulators, the National Credit Union Administration Agency (NCUA), the regulator of credit unions, and the Consumer Financial Protection Bureau (CFPB) issued the Interagency Statement on Loan Modifications and Reporting by Financial Institutions Working with Customers Affected by the Coronavirus to encourage financial institutions to work constructively with borrowers impacted by the disease and to provide additional information regarding loan modifications. In summary, the policies give lenders or bankers substantially more latitude to work with affected borrowers by softening the regulatory and accounting impact of having delinquent or restructured credit.

CARES Act Changes Rules Governing Retirement Plans

Among the many other provisions of the CARES Act are those impacting retirement plans (including 401(k)s, profit sharing plans, and IRAs) in order to provide an influx of cash to struggling employees.

State of Ohio & Cities Extend Tax Filing Deadline

On March 27, Governor DeWine signed a bill passed by the legislature to provide tax relief to Ohio taxpayers.

Paycheck Protection - Designed to Offer Small Business Owners Relief Over the Next Few Weeks

The CARES Act is a massive piece of legislation. The emergency loan or Paycheck Protection provisions are one component designed to assist small businesses and keep them afloat during the current crisis. The emergency loans will be made under the United States Small Business Administration (SBA) and are simply an expansion of its already existing 7(a) loan program. The loan process will be administered by the SBA through its local lending partners or approved SBA lenders. Over the next several days it is expected that the actual loan process will be further detailed by the SBA so that loans can be quickly processed.