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Thomas Richard Prince


1934 - 2017 Obituary Condolences Flowers
Thomas Richard Prince Obituary
THOMAS RICHARD (TOM) PRINCE, 82, a professor who pioneered the integration of computers with business and health care, passed away peacefully on December 25 surrounded by his family. Tom was both a Chair and a Professor of Accounting Information and Management and a Professor of Health Industry Management at the Kellogg School of Management, Northwestern University in Evanston, IL, for 46 years until his retirement in 2008. Tom was the author of ten books. His first book combining computers with accounting practice, Information Systems for Planning and Control, 1966, 1970, 1975 was translated and reprinted in eight countries including Japan and Russia. Further books focused on the financial aspects of health care and medical systems. He wrote 39 articles published in more than a dozen major journals. Tom evaluated, designed, implemented and assessed the information systems in many hospitals and medical centers. His research focused on information technology and financial management of healthcare entities with special emphasis on computer-based patient records, clinical integration, Intranet, Internet, physician-hospital organizations, joint ventures and medical technology. Tom received his BS (1956) and MS (1957) in Accounting at Mississippi State University. As a Lieutenant in the U.S. Army, he taught at the Army Finance School and was selected to write documents for the Pentagon from 1957 - 1960. He completed his Ph.D. in Accounting at the University of Illinois at Champaign-Urbana (1962) in two years and his thesis was published as a book. In 1962, Tom joined the faculty of Northwestern University. He was the Accounting Chair at the Kellogg Graduate School of Business from 1968 to 1975, Director of the Doctoral Program for three years and President of the University Press for three years. Tom was a certified public accountant and served on the Illinois CPA Society's Committee on Health Care Institutions - Hospital Section. In 1971, Tom formed Applied Research Systems Inc. and consulted in 47 states. He was an expert witness on ten major law cases representing companies such as GE, Phillips and Honeywell. Tom served on numerous national professional organizations. He also served on the boards of non-profit organizations. During his career, Tom was responsible for placing scores of graduating students into business positions. Tom's greatest joy was spending time with his family. He was cheerful, kind, and generous. He enjoyed the outdoors and traveling in the United States and around the world. Born in New Albany, Mississippi on December 7, 1934, Tom leaves his wife of 54 years, Eleanor Carol Prince (nee Polkoff) whom he married on July 14, 1962; three children Thomas Andrew Prince, John and Carol (nee Hartigan) Prince of Wayzata, Minnesota; and Adrienne Prince of Asheville, North Carolina; two grandsons, Jack and James Prince; his sisters Mary McClure of New Albany, Mississippi and Sara Kidd of Southaven Mississippi, and numerous nieces and nephews. He was predeceased by his parents, Callie and James Prince of New Albany, Mississippi. A Memorial Service will be held on Saturday, January 7 at the Winnetka Congregational Church, 725 Pine Street, Winnetka at 2 pm. Interment will be in the New Albany City Cemetery, New Albany, Mississippi. In lieu of flowers contributions may be made to the Salvation Army, 1-800-725-2769, or sent to 506 N. Des Plaines, Chicago, IL 60201or to the .
Published in New Albany Gazette on Jan. 6, 2017
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