Objective:
The course objective is to describe and analyze healthcare system finance and budgeting. The course covers various processes of healthcare financial management on individual and organizational level.
Learning Outcomes:
- Define healthcare compliance, identify fraud and abuse laws, and differentiate between error and fraud in financial reporting
- Identify types of health insurance and reimbursement methods and apply strategies to transition to value-based reimbursement
- Describe financial, receivable, cash, and supply chain management activities in healthcare organizations
- Classify capital projects and develop operating budgets for healthcare organizations
- And forecast staffing needs and calculate full-time equivalents and prevailing wage.
- Upon completion of the course, the student will be able to define healthcare finance and identify the role of financial reporting, management, and budgeting in healthcare organizations
- Identify types of healthcare organizations and describe various organizational structures
- Identify and analyze components of financial statements
- Apply financial ration analysis and benchmarking procedures
- Conduct various analyses to assess and manage risk in healthcare organizations
General Course Topics:
- Introduction to healthcare finance
- Organizational structure in healthcare
- Healthcare organizations and services
- Financial reporting in healthcare
- Health insurance and reimbursement
- Estimating healthcare costs
- Healthcare financial management
- Accounting and income statements in healthcare
- Using balance sheets in healthcare finance
- Financial assessment in healthcare
- Healthcare planning and budgeting
- Project costs and evaluation in healthcare
- Healthcare staffing needs and forecasting
- Trends in healthcare