A $500,000 gift will establish a new scholarship fund at the University of Maryland School of Pharmacy to help provide support for students and trainees studying regulatory science, pharmacometrics and the use of data to examine the efficacy of drugs and the impact – including economic effects – of clinical pharmacy.
The endowed scholarships were created with a $200,000 donation from Ellen H. Yankellow, PharmD ’96, BSP ’73, president and CEO of Correct Rx Pharmacy Services and chair of the School of Pharmacy’s Board of Visitors, which was matched by an anonymous donor and the Scholarship Matching Program of the University of Maryland, Baltimore Foundation Inc. (UMBF).
Yankellow’s gift establishes the first endowed scholarships to provide a full year of financial support for a fellow in the Ellen H. Yankellow Health Outcomes Fellowship and a full year of tuition assistance for a graduate student enrolled in either the School’s online MS in Regulatory Science or MS in Pharmacometrics program, alternatively.
“As chair of the School’s Board of Visitors, I recognize all that the School has accomplished in terms of inspiring excellence in its students, advancing scientific knowledge, and expanding the impact of the pharmacist’s role on direct patient care and health outcomes,” says Yankellow. “However, there remain areas in the School for which the need is great, but funding is difficult to acquire. The matching funds provided by both the anonymous donor and UMBF will maximize the impact of my gift to the School, and help ensure that the School continues to attract the best and brightest students to its programs.”
Yankellow’s gift celebrating the School’s 175th anniversary follows an earlier gift that she committed during the School’s most recent capital campaign, which remains the largest gift ever from a female graduate and resulted in the naming of the Ellen H. Yankellow Grand Atrium in Pharmacy Hall and the establishment of a first-of-its-kind fellowship at the School designed to capture health outcomes and economic data about the value of clinical pharmacy services. Initially funded for only 10 years, the Ellen H. Yankellow Health Outcomes Fellowship will now continue in perpetuity as a result of her most recent gift.
Yankellow established Correct Rx in 2003. The company is currently the only institutional pharmacy provider that fully incorporates the practice of clinical pharmacy across all of its services, looking at the big picture of medical outcomes and total health care costs to determine the best, most cost-effective treatments for its clients.
“When I started my company, I knew that involving a clinical pharmacist in patients’ care would result in better health outcomes for those patients, but I did not have the data to prove it,” says Yankellow. “The fellowship that I established at the School of Pharmacy allows an independent, objective fellow to analyze the data that Correct Rx’s clinical team has gathered over the years to assess the impact, trends, and outcomes associated with incorporating clinical pharmacists as members of the health care team. The fellows’ work is validating what we are doing, and this scholarship will ensure that this important work continues and brings awareness to the value of clinical pharmacy.”
The scholarships established with Yankellow’s gift will also provide a full year of tuition assistance for a student enrolled in the School’s online MS in Regulatory Science or MS in Pharmacometrics program in alternating years. The MS in Regulatory Science program provides students with the knowledge and skills necessary to contribute to drug and biologics regulation and pharmaceutical product lifestyles. The MS in Pharmacometrics program helps students acquire the knowledge and skills necessary to plan, perform, and interpret pharmacometric analyses with the goal of influencing key drug development, regulatory, and therapeutic decisions.