(BPRW) Healthcare Industry Innovator Justin Bayless Donates $1.5 million to Morehouse College
(Black PR Wire) Healthcare business trailblazer Justin Bayless, Chief Executive Officer of Bayless Integrated Healthcare, has contributed a $1.5 million present to Morehouse College to assist scholar scholarships and college growth on the nation’s solely traditionally Black liberal arts school for males.
A 2006 graduate of Morehouse, Bayless credit his alma mater for serving to him to reach enterprise. During Bayless’ senior yr, he was recruited to work on Wall Street as an funding banker at Morgan Stanley. Bayless later returned to his Phoenix, Ariz. hometown in 2008 to use his background in accounting and advertising and marketing to remodel his household’s psychological well being clinic into a bunch of built-in medical care facilities that served as early pioneers of telemedicine.
“Justin Bayless is an example of exactly what we prepare Morehouse Men to become–innovative industry pioneers who achieve success by disrupting the status quo, and then use their acquired resources to give back to their communities,” stated David A. Thomas, Ph.D., Morehouse College President. “By investing in Morehouse to empower our faculty and students, he is helping to create the next generation of trailblazers who will bring forth transformative change.”
Bayless Integrated Healthcare at the moment has greater than 250 clinicians offering digital care and 9 areas serving greater than 200,000 sufferers yearly within the Phoenix space. Its complete method to wellness, addressing the thoughts and physique as equally vital, has improved affected person outcomes, lowered prices, and attracted a strategic funding from the Fortune 500 firm Magellan Health, the nation’s largest publicly traded behavioral well being firm (NASDAQ: MGLN).
“Many of us who start out working in Corporate America don’t have a pathway to think about how to become entrepreneurs,” Bayless stated. “One of the ways that I would like to give back to Morehouse is by supporting the college and students with business ideas who’ll bring their products to market and build something in their own communities that can create a wealth opportunity for themselves.”
Morehouse introduced final summer season that the College has begun to develop a brand new Center for Black Entrepreneurship to broaden enterprise instruction and provides college students extra alternatives to study entrepreneurship as a part of their educational course of examine. Bayless’ present will assist the initiative and college coaching.
Bayless’ beneficiant donation can be funding the brand new Bayless Family Student Success Scholarship at Morehouse, which is able to create a pipeline of gifted college students enthusiastic about opening their very own companies. The scholarship, obtainable to rising sophomores, pays for tuition, room, and board for college kids who keep a 3.5 GPA and main in business administration or economics.
“When I was a student at Morehouse, I was awarded the Presidential Scholarship and did not have any stress related to my financial needs at college. I was able to focus solely on my studies,” stated Bayless, who’s a previous president of the Morehouse College Business Association and was the primary sophomore to be inducted into the distinguished Phi Beta Kappa Honor Society. “To me, it’s important to pay it forward. The students who receive Bayless scholarships will not have to work to pay for college or worry about not having enough money to complete their degrees.”
Four sophomores had been chosen to be within the inaugural class of Bayless Scholars. The group features a enterprise proprietor, a neighborhood organizer, and an athlete. The recipients are: Aylon D. Gipson, an economics main from Montgomery, Ala; George Lester III, a finance main and economics minor from Austell, Ga.; Kamar Montgomery, an economics main and political science minor, from Roswell Ga.; and Kasai Rogers, an economics main and Chinese minor from Washington, D.C.
“I cannot say enough to thank Mr. Bayless for what he has done for me, as well as my family,” stated Lester III, a Bayless Scholar with a 4.zero GPA who plans to pursue a profession in funding banking as Bayless did after commencement. “Mr. Bayless has given me yet another reason to hold myself accountable and pursue excellence in all things that I do.”
Rogers, one other Bayless Scholar with a 4.zero GPA, stated he was impressed by Bayless’ success as a healthcare business innovator. Modern Healthcare Magazine named Bayless as one of many yr’s “Top 25 Emerging Leaders” in 2021. The checklist lauds healthcare business executives who’ve proven monetary, operational, and scientific excellence early of their careers.
“I’ve been interested in business and entrepreneurship ever since I started a T-shirt brand in the ninth grade,” stated Rogers. “As a rising Morehouse Man, I hope to meld my passion for business with my focus on social justice. I want to help build companies in the future that are committed to diversity, equity, and inclusion, and leading positive change in marginalized communities.”
Bayless can be funding stipends for Bayless Fellows to obtain intensive co-curricular instruction and assist from the Morehouse College Innovation and Entrepreneurship Center, the College’s ongoing outreach that gives entry to entrepreneurship coaching and capital for enterprise house owners and future enterprise house owners throughout the metro Atlanta space. Bayless fellows obtain $1,000 stipends per semester to study launching, managing, advertising and marketing, and financing new ventures. They additionally work on bettering their enterprise plans and ideas. MIEC has educated the leaders of 236 underserved companies by its consulting cohorts, that are supplied a number of instances annually. Its work has resulted within the creation of over 476 new jobs.
According to the U.S. Census Bureau’s recent Annual Business Survey, solely 18% of all companies within the nation are minority-owned. Georgia is trending forward of the nation within the variety of Black-owned companies as extra Black entrepreneurs enter the Atlanta market. The share of Black-owned companies rose from 6.1% in 2017 to 6.6% in 2018. Nationally, the share of Black companies remained static at 2.1% throughout the identical years.
“As people of color, owning and operating our own businesses is an ultimate economic opportunity that we need more of,” Bayless stated. “Supporting Morehouse College will foster the creation of wealth for a new generation of enterprising Morehouse Men with the courage to venture out on their own.”
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