Hlthcr Financial Mgmt & Econ

Catalog description

Section information text: In this course, students gain knowledge of economics principles such as cost, quality, and access as it relates to the healthcare world. The principles of healthcare financial management including accounting and finance are vitally important to the viability and ongoing operations of a healthcare business. Students have the opportunity to interpret and analyze the financial statements of a business, use and analyze financial ratios, utilize variance analysis, understand and implement operating and capital budgeting, and develop knowledge of the business planning process. Students create portions of a business/financial plan using these techniques and analyze the viability of their plan using accepted financial management tools.