This course examines the practices and procedures associated with ethical financial practices in the health sector. Public policy, ethics, stewardship, and the economic forces that influence organizations within the health sector are explored.
Upon completion of this course, students are expected to be able to do the following:
- Evaluate budget decisions and common economic variables to advance financial viability and growth of organizations within the health sector.
- Describe and interpret how market forces and public policy may affect the financial operations of a healthcare entity, including the emergence of risk adjusted and risk sharing models for population health management.
- Develop, implement, monitor, and evaluate financial policies and procedures that comply with Generally Accepted Accounting Principles.
- Review and demonstrate an understanding of contract negotiation and implementation, including the anticipated impact on an organization.
- Identify and establish policies, procedures, and practices to mitigate risk and safeguard the assets of the organization.
Prerequisite: HS 662 Financial Practices in the Health and Human Services Sector