Why Boothies are Thankful for Booth's Pay-it-Forward Culture
As we enter into the season of giving, Boothies share their appreciation for the pay-it-forward culture at Chicago Booth.
Why Boothies are Thankful for Booth's Pay-it-Forward CultureWe are proud to celebrate Rattan L. Khosa (Evening MBA) and Griffin R. Myers (Weekend MBA), two of this year’s winners!
Rattan L. Khosa, ’79, is chief executive officer and founder of AMSYSCO, a Romeoville, Illinois-based company that provides unbonded posttensioning systems on commercial structures such as multilevel high-rise condominiums and apartments, office buildings, parking garages, and stadiums.
After graduating with a bachelor’s degree in his native India, Khosa came to the United States with $8 in his pocket. He earned a master’s degree in structural engineering from the University of Maryland and embarked on a successful career in the posttensioning industry. He later attended Booth’s Evening MBA Program, but he found himself at a crossroads when he lost his job two weeks before graduation. Faced with the prospect of finding a job during one of the worst recessions to date or returning to India, he instead founded AMSYSCO in 1981.
He started the company out of the basement of his family’s home with just $44,000 and no outside financing. Now in its 38th year of operation, AMSYSCO has turned a profit every year since it opened. The Council on Tall Buildings and Urban Habitat has listed more than 100 of the company’s high-rise towers in its “skyscraper database." Khosa sits on the council of the Polsky Center for Entrepreneurship and Innovation, where he established the Rattan L. Khosa Student Entrepreneurs Program. He previously endowed a scholarship supporting one student annually in the Full-Time MBA Program.
Griffin R. Myers, MD ’07, MBA ’10, is the cofounder and chief medical officer of Oak Street Health, a network of primary care practices that uses a value-based model to serve older, low-income patients.
Myers graduated from the University of Chicago Pritzker School of Medicine, then worked as a consultant at Boston Consulting Group, building economic models of health-care systems. He later earned his MBA at Booth and then went on to complete his residency in emergency medicine at the Brigham & Women’s and Massachusetts General Hospitals, both affiliates of the Harvard Medical School.
Myers saw firsthand during his residency how poorly low-income seniors on Medicare and Medicaid fared in the health-care system. He and his cofounders, all social entrepreneurs at heart, were inspired to start Oak Street in 2012, with the mission of rebuilding healthcare as it should be. Their model builds brick-and-mortar clinics in communities with little primary care access and surrounds each patient with a doctor, a nurse, and a care manager, among other providers. Each clinic also houses a community center and offers daily programming, from educational events to fun activities that engage patients.
By 2019, Oak Street had reduced hospital admissions among its patients by over 40 percent, achieved five-star quality ratings, and tallied a 91 percent Net Promoter Score, a measurement of patient satisfaction. From its first clinic in Chicago, Oak Street has expanded to serve more than 52,000 patients at 40 locations in eight markets, with plans to open between 14 and 20 new centers this year. Myers is on the faculty at both Harvard Medical School and Northwestern University Feinberg School of Medicine.
As we enter into the season of giving, Boothies share their appreciation for the pay-it-forward culture at Chicago Booth.
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