Course

Course Summary
Credit Type:
Course
ACE ID:
HFMA-0001
Organization:
Healthcare Financial Management Association (HFMA)
Location:
Online
Length:
14 hours
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 health care finance
Description

Objective:

The course objective is to attain an understanding of healthcare finance, risk mitigation, evolving payment models, healthcare accounting and cost analysis, strategic finance, and managing financial resources. Students will gain an understanding of the essential context of the business of health care and knowing why it works the way it does, and how it should work in the future, means you'll work more effectively toward the shared goal of health care today to improve patient health.

Learning Outcomes:

  • Identify the current trends of healthcare delivery models in the US and determine the impact of healthcare reform on healthcare delivery and payment
  • Determine an organization's financial health using financial performance ratios, key financial statements, and financial analysis tools
  • Describe how financial strategic planning influences budgeting, costs, and pricing for healthcare services
  • Identify the components of the revenue cycle, including patient engagement, billing, and collections
  • Understand new metrics for future payment models, including quality indicators and patient satisfaction
  • Describe new models for collaboration among healthcare providers, physicians, and health plans
  • Define the trend toward population health in future healthcare delivery models

General Topics:

  • Healthcare Finance
  • Financial Accounting Concepts
  • Cost Analysis Principles
  • Strategic Financial Issues
  • Managing Financial Resources
  • Looking to the Future
Instruction & Assessment

Instructional Strategies:

  • Computer Based Training

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials