Prioritizing health care funds takes financial skill and compassion.
Consider how complicated the U.S. health care system is. Then imagine what it takes for effective financial management within that sector.
Health care providers are constantly faced with complex financial issues. In this course, you’ll develop the skills needed to analyze, synthesize, and evaluate the advanced financial management theories, principles, concepts, and techniques used in the health care sector.
You’ll learn the various health care payment methods and understand how third-party payers influence health organizations. You’ll see how prices and rates are set according to HMO and other payer standards. Risk management will be explored as you look at cost behavior and profit analysis. You’ll learn to appreciate why proper cost allocation is important to health services organizations.
In addition to performing quantitative analysis in financial management and applying advanced managerial accounting concepts, you’ll examine the financial aspects of integration and methods for effectively managing resources.
You’ll prepare a critical analysis report of a written work and provide your personal reaction.
Sample Course Topics
- Time Value Analysis
- Health Care Payment Methods
- Financial Risk and Required Return
- Profit Analysis in Health Care
- Long-Term Debt Financing
- Cost Allocation
- Equity Financing and Securities Markets
- Pricing Strategies
- Variance Analysis
- Capital Structure and Cost of Capital
- Long-Term Care Financing
- Payback Period
- Capital Budgeting and Investments
- Project Risk Analysis
- Revenue Cycle and Receivables Management
- Lease Financing and Business Valuation
- Health Care Finance Ethics
- Values-Based Financial Decision Making
Learn this and more in HAD 521.
What You’ll Learn
You’ll finish HAD 521 with specific knowledge of economic and health care finance concepts, terminology, classifications, methods, and trends.
- Develop the skills, competencies, values, and points of view needed for financial decision-making.
- Understand the concepts and analytical tools used for capital investment and financing decisions.
- Demonstrate an understanding of payment methods used to reimburse health service providers and the role of health insurance in financing health services.
- Relate financial decision-making to pressures from the external environment.
- Appreciate the roles financial management and cost accounting play in health care organizational performance.
- Understand the function of the financial team and chief financing officer of health organizations.
Finance in health care presents unique challenges. For more information about The University of Scranton’s online Master of Business Administration degree, request more information or call us today toll-free at (866) 373-9547.
The content presented on this page is representative information for example purposes and is subject to change as course and student needs change over time.