HA 525 - Healthcare Financial Management
Oriented to the contemporary role of a senior health services manager, and is designed to give the student both conceptual understanding and applied skills in financial management. Reviews accounting concepts and procedures, and internal control. It emphasizes the interpretation of financial statements and operational budgeting. It examines cost analysis, cost allocation, capital budgeting, and rate setting. The strategic role of financial management in today’s health care organization is the unifying theme of the course.
Prerequisites & Notes
HA 343 or other accounting or finance course AND HA 512 (or NU 508)
Assignments: 12 weekly assignments
Interactivity: Weekly live session
Course Learning Objectives
Upon completion of this course, you should be able to do the following:
- Explain the current health care environment, including forms of business organizations and the third-party payer system.
- Apply basic financial-management concepts, including time value analysis and the financial concepts of risk and reward.
- Compare and contrast the various means of financing capital assets.
- Describe capital budgeting decision-making techniques.
- Explain how social responsibility and ethics impact financial decisions.
- Identify future trends in health care benefits and financing.
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