The Business of Healthcare: Principles of Finance, Accounting and Economics

Catalog description

In this course, students will focus on the business of health care and the financial competencies needed to manage complex health care organizations. This course integrates the basic principles of accounting, finance, and health care economics with business planning. It is designed to facilitate the student's knowledge and application of financial principles in the health care setting. Course content includes an overview of the health care landscape, basics of health insurers, introduction to budgeting, cost-benefit analysis, an overview of the financial planning cycle, operating budget development and labor variance analysis. The course culminates with an opportunity for students to apply their skill sets in performing an environmental scan and developing a business case.