Prerequisites: HSM 110 and FINC 301.
This course introduces principles of financial management in healthcare organizations. Students will explore budgeting, cost accounting, revenue cycle management, and reimbursement models, including Medicare and Medicaid. Topics also include financial condition assessment, capital planning, and the financial challenges of non-profits, such as uncompensated care. Ethical considerations and future trends, like lean management and innovative payment models, prepare students for dynamic decision-making in healthcare finance.
Outcomes: Analyze how political, social, economic, and healthcare payment system factors influence the financial health, cost structure, within US healthcare organizations; Evaluate the financial health and performance of healthcare organizations through analysis and interpretation of financial statements, including the ability to defend financial conclusions; Apply principles of healthcare accounting, cost analysis, budgeting, revenue cycle management, insurance and reimbursement to support organizational decision-making and strategic planning; Explain the legal, ethical, and social justice considerations in healthcare financial management, including the role of nonprofit organizations, uncompensated care, and their impact on fiscal decision-making.
This course introduces principles of financial management in healthcare organizations. Students will explore budgeting, cost accounting, revenue cycle management, and reimbursement models, including Medicare and Medicaid. Topics also include financial condition assessment, capital planning, and the financial challenges of non-profits, such as uncompensated care. Ethical considerations and future trends, like lean management and innovative payment models, prepare students for dynamic decision-making in healthcare finance.
Outcomes: Analyze how political, social, economic, and healthcare payment system factors influence the financial health, cost structure, within US healthcare organizations; Evaluate the financial health and performance of healthcare organizations through analysis and interpretation of financial statements, including the ability to defend financial conclusions; Apply principles of healthcare accounting, cost analysis, budgeting, revenue cycle management, insurance and reimbursement to support organizational decision-making and strategic planning; Explain the legal, ethical, and social justice considerations in healthcare financial management, including the role of nonprofit organizations, uncompensated care, and their impact on fiscal decision-making.