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Apr 28, 2024
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HCMG 363 - Financial Management of Healthcare Systems
Semester Hours: Three
This course will introduce the fundamental theories of financial management and how to apply them in healthcare systems. Among the principles and topics covered in the course are financial management functions, financial statement analysis, working capital management, time value analysis, and capital budgeting. Topics also include reimbursement mechanisms and their effect on healthcare organizations, managed care, capitation and per case or per diagnosis payment, as well as how these financial strategies are utilized by third-party payers. Focus is on financial challenges such as uncompensated care, cost increases, increased competition and increased regulation and how healthcare providers should respond to them.
Term Offered: Fall, Spring
Prerequisites: ACCT 213 , ACCT 223 , and BCIS 203 ; for students pursuing the BPS degree, ACCT 233 and ACCT 253 will substitute for ACCT 213 and ACCT 223.
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