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Diversified Investment Advisors Sponsors the Institute for Diversity in Health Management

Posted on: Thursday, 20 April 2006, 15:01 CDT

As an expansion of its commitment to healthcare employers, Diversified Investment Advisors, a national investment advisory firm specializing in retirement plans, has become a corporate sponsor of the Institute for Diversity in Health Management (IFD).

"Currently, healthcare leadership does not sufficiently mirror the diversity of the general population. Within six years, 84% of job applicants will be female and people of color. By 2070, two in four Americans will be a member of a racial or ethnic minority. As a result, the face of the healthcare industry will change dramatically," said David Ray, vice president and healthcare practice leader at Diversified. "Historically, Diversified has demonstrated a strong commitment to serving the specialized needs of the healthcare industry. To further that commitment, Diversified will provide scholarships to ethnic minorities who want to assume leadership roles in healthcare administration. With this year marking the 40th anniversary of the Civil Rights Act and the creation of the Equal Employment Opportunity Commission (EEOC), we are very excited about the opportunity to work with the human resources leadership at hospitals nationwide to help them become an employer of choice for our increasingly diversified workforce and foster inclusive, welcoming work environments."

"We're excited about our new relationship with Diversified," said Fred Hobby, IFD president. "Their expertise and support will be invaluable as the Institute continues to pursue its mission of increasing the number of racial and ethnic minorities within the ranks of healthcare administration." The sponsorship will allow Diversified to contribute insight and ideas around the issue of diversity. One way in which Diversified will do this is through sponsorship of educational audio-conferences in conjunction with the Institute that address such issues as benefits and communication trends and strategies to meet the changing workforce.

"The AHA chose to endorse Diversified as a retirement plan provider for many reasons - their extensive healthcare experience, customized retirement solutions, and superior participant education - but most of all their focused commitment to healthcare is unique among plan providers. Diversified's sponsorship in the Institute and drive to share action-oriented education and resources further demonstrates that commitment," said Amy Goble, vice president of AHA Solutions.

"Diversified serves the diverse needs of multicultural workplaces. For example, our Spanish Services program helps Hispanic employees of our plan sponsors save and invest for retirement by offering Spanish language communications vehicles that better help them understand their options," according to Oscar Destruge Sandoval, vice president of the 30-year-old program at Diversified. "Through our experience, we have learned that encouraging participation in retirement plans is based, in part, on addressing the cultural and language differences within the workforce. Diversified is excited about working with the Institute for Diversity to continue our work in this area and cultivate a more diverse healthcare workforce through education programs that meet that need," said Sandoval.

"A commitment to healthcare must represent more than a dedicated business unit servicing the retirement plans of healthcare organizations. The industry is currently facing significant challenges that will continue well into the future. We must be part of the solution and this partnership goes a long way in that regard," added Ray.

About The Institute

The Institute for Diversity in Health Management, a 501(c)(3) nonprofit organization, collaborates with educators and health services organizations to expand leadership opportunities to racial and ethnic minorities in health services management. The mission of the Institute is to increase the number of ethnic minorities in health services administration and to improve opportunities for professionals already in the health care field. To accomplish its mission, the Institute has designed several initiatives to generate significant long-term results through educational programs, a summer enrichment internship, professional development and leadership conferences. For more information about the Institute, please call 312-422-2630 or visit http://www.diversityconnection.org/.

About AHA

The American Hospital Association (AHA) is a not-for-profit association of healthcare provider organizations and individuals that are committed to the health improvement of their communities. The AHA is a national advocate for its members, which includes nearly 5,000 hospitals, healthcare systems, networks, and other providers of healthcare. Founded in 1898, the AHA provides education for healthcare leaders and is a source of information on healthcare issues and trends. For more information, visit the AHA Web site at www.aha.org.

About AHA Solutions, Inc.

AHA Solutions, Inc., a wholly-owned subsidiary of the American Hospital Association, functions as a product advocate for hospitals; working with vendors to create platforms of validated and differentiated product and service solutions to address key operational needs. AHA Solutions is a trusted market resource on key issues in health care and related available resources. For more information, contact AHA Solutions at (800) 242-4677 or visit the Web site at www.aha-solutions.org.

About Diversified

Diversified Investment Advisors is a national investment advisory firm specializing in retirement plans. The company's expertise covers the entire spectrum of defined benefit and defined contribution plans, including: 401(k); 403(b); 457; non-qualified deferred compensation; profit sharing; money purchase; cash balance and Taft-Hartley plans; and rollover and Roth IRA.

Diversified services over $74 billion in retirement plan assets, helping more than 1.4 million participants save and invest wisely for retirement. Headquartered in Purchase, NY, the company's regional offices are located in Arkansas, California, Illinois, Iowa, Louisiana, Maryland, Massachusetts, New York, North Carolina, Ohio, Oregon, Pennsylvania, Texas and Wisconsin. Visit our Web site at www.divinvest.com.

AHA Solutions, Inc., a subsidiary of the American Hospital Association, is compensated for use of the AHA marks and for its assistance in marketing endorsed products and services. By agreement, pricing of endorsed products and services may not be increased by the providers to reflect fees paid to the AHA. AHA's endorsement relates to the general retirement plan programs of Diversified and does not relate to any particular investment option available through Diversified or distributed by Diversified's affiliate, Diversified Investors Securities Corp.

Source: Business Wire

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