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Notes on FutureU Podast “Explained: What is an OPM?”
Today the FutureU podcast, hosted by Jeff Selingo and Michael Horn, released a new episode based on an interview with me – “Explained: What is an OPM?” I thoroughly enjoyed the conversation and their new explainer style, and I hope the episode can be used as a resource to capture the basics of the Online Program Management (OPM) market.
We discuss what an OPM is – the concept and typical set of services – as well as what OPM companies are not allowed to do, who the big OPM players are, how the market is changing, how institutional decision-making is changing, what the controversies are, how nonprofit conversions fit into the market, and what trends to watch.
The podcast episode page includes a full transcript as well. Give it a listen or read, and go to the podcast home page to sign up or find the episode on your favorite podcast player.
To see most of my coverage of the OPM market, use the opm-market tag.
There were two points made during the podcast that are worth explaining in more detail, or at least sharing the source materials [emphasis added in podcast quotes].
2011 Dear Colleague Letter
The 2011 Dear Colleague Letter was released March 17, 2011 with the subject “Implementation of Program Integrity Regulations”, with the second section on Incentive Compensation. The key section upon which much of the OPM market is based is the following paragraph.
Nonprofit Conversion – Purdue Global / Kaplan
I should have been more precise in this exchange. Kaplan University is the school sold to Purdue to create Purdue Global, Kaplan Higher Education (KHE) is the OPM provider (remained with the parent company), and KHE is part of Graham Holdings Company, which is a publicly-traded company. Graham Holdings filed a Form 8-K in 2017 with the following explanation. Note that “New University” became Purdue University Global, and “TOSA” is the Terms of Services Agreement.
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