Healthcare Financial Management Course

Introduction

In today s healthcare environment, financial issues are paramount, and managers must be prepared as they strive to improve the delivery of health services. This course blends theory with the nuts and bolts tools managers need for on-the-job decision making. Self-test questions, key concepts, glossary terms, learning objectives, and spreadsheet problems are also featured throughout the course, helping students learn to make educated financial decisions in even the most complex provider settings.

Course Objectives

On completion of this course you should be able to:

• Review and understand the various types of financial decisions healthcare providers make and a more user-friendly approach to the topics presented:
• Explain the effects of health reform and the Affordable Care Act on financial management Consolidation of content about health insurance and payments to providers.
•  Illustrate key concepts through the Integrative Applications present in-depth practice problems.
• Simulates the most interesting real-world situations through anecdotal sidebars connected with the course.
• Obtain a package of key equations in one place to get a handy summary of the most important mathematical formulas and variable definitions.

Course Outline

The Healthcare Environment

• Introduction to Healthcare Financial Management
• The Third-Party-Payer System

PART II Basic Financial Management Concepts

• Time Value Analysis
• Financial Risk and Required Return

PART III Capital Acquisition

• Debt Financing
• Equity Financing and Investment Banking
• Securities Valuation, Market Efficiency, and Debt Refunding
• Lease Financing

Cost of Capital and Capital Structure

• Cost of Capital
• Capital Structure Decisions

Capital Allocation

• The Basics of Capital Budgeting
• Project Risk Analysis

Financial Condition Analysis and Forecasting

• Financial Condition Analysis
• Financial Forecasting

Other Topics

• Working Capital Management
• Business Valuation, Mergers, and Acquisitions
• Capitation, Rate Setting, and Risk Sharing
• Financial Risk Management