This course explores the skills required for effective, ethical financial management within the health sector. Students analyze and interpret financial statements, create and evaluate operating and capital budgets, and incorporate general principles of financial management.
Upon completion of this course, students are expected to be able to do the following:
- Relate the historical context of healthcare financial management, theory, and concepts to the current state of the health sector.
- Create and evaluate an operating and capital budget for an organization.
- Examine the reimbursement requirements and regulatory compliance on financial performance, including exploration billing and collections practices.
- Analyze and evaluate the financial statements of organizations in the health or human service sectors.
- Use the tools of financial forecasting, planning auditing programs, reporting systems, and control needed to make managerial decisions within the health sector.