Health Care Business, Economics, and Finance

Catalog description

The course focuses on planning and financial decision-making as applied to healthcare organizations. Healthcare finance and economics are at the core of issues surrounding quality, healthcare delivery, and healthcare reform. It involves wisely balancing theneed to manage and control costs while simultaneously investing in strategic opportunities. This course will allow students to discuss the major issues involved in finance, budgeting and strategic planning in today’s dynamic healthcare environment. It is designed to help students understand the concepts of finance and financial management and focuses initially on the conceptual framework of basic accounting techniques such as the preparation of financial reports, budgeting, cost accounting and analysis of financial statements. The course is also designed to provide students with a working knowledge of concepts in financial management and strategies that will help students be prepared to plan, create, implement and monitor strategic initiatives within an organization. Finally, successful completion of this course will equip students with the tools necessary to effectively communicate with finance professionals.