Healthcare Financial Management

Catalog description

This course examines the financial managtement responsibilities of the nurse administrator. Course content focuses on understanding and operationalizing the processes associated with cost accounting, cost volume, profit analysis, healthcare budgets, and financial informatics. Typically offered Summer. Course Learning Outcomes 1. Constrast the major financial reports and explain how the nurse executive utilizes the reports. 2. Analyze the relationships among cost, volume and profit analysis with an overall focus on assessing programs and services for profitability. 3. Apply the principles of cost accounting to budget preparation and assessment. 4. Prepare a forecasting report utilizing both qualitative and quantitative approaches. 5. Outline the budget preparation process with a description of the activities included in each step. 6. Analyze the budgetary relationships among productivity, staffing mix, acuity and the re-engineering of manpower and services. 7. Critique an income statement for variances and focus on analyzing the variances for controllability, budgetary impact and possible managerial actions. 8. Analyze the relationship of the time value of money to the profitability of the organization. View Class Schedule