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BHA 4053, Financial Management in Healthcare Administration

BHA 4053, Financial Management in Healthcare Administration

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Author: Minnie Fisher
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BHA 4053, Financial Managementin Healthcare AdministrationCourse SyllabusCourse DescriptionIntroduces key aspects of financial management for today's healthcare organizations, addressing diverse factors thatimpact the provision of medical services in our dynamic and competitive environment. Students will gain knowledge andskills in the various types of healthcare budgeting and financial reporting, applying these skills through practical casescenarios and problem-solving activities.Course TextbookBerger, S. (2014). Fundamentals of health care financial management: A practical guide to fiscal issues and activities(4th ed.). San Francisco, CA: Jossey-Bass.Course Learning OutcomesUpon completion of this course, students should be able to:1.2.3.4.5.6.7.8.9.10.Explain the basic concepts of financial management in healthcare organizations.Explain the aspects of managing short-term and long-term assets and liabilities in healthcare organizations.Analyze agency relationships in healthcare and how organizations can ameliorate agency costs.Explain the similarities and differences among the major approaches to valuation of healthcare firms.Distinguish variable versus fixed, and direct versus indirect costs, for a healthcare service or process.Calculate net present value, internal rate of return, and profitability indexes given assumed cash flows anddiscount rates in healthcare operations.Compare and contrast the choices for external financing faced by healthcare organizations.Evaluate the basic principles of working capital management as rooted in controlling opportunity costs inhealthcare firms.Discuss the financial approach to strategic healthcare planning and how managers can participate effectively inthat process.Describe key impacts of the Patient Protection and Affordable Care Act on the financial management of U.S.healthcare organizations, providers, patients, payers, and employers.CreditsUpon completion of this course, the students will earn three (3) hours of college credit.Course Structure1. Study Guide: Each unit contains a Study Guide that provides students with the learning outcomes, unit lesson,required reading assignments, and supplemental resources.2. Learning Outcomes

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