Financial Management for Health Professionals

Catalog description

This course provides students with a foundation in financial management skills and principles applicable to the health care field. Students will examine the difference between accounting and financial management, different reimbursement methodologies, accounting and financial statements, revenue cycle management, and avenues for financing major capital investments. They will learn areas related to managing cash, billings, and collections, alternative forms of ownership, as well as using cost information in decision-making. Additionally, students will be exposed to the laws and regulations that affect health care financial reporting and performance such as the Patient Protection and Affordable Care Act of 2010 and the expansion of health care services into new fields.