Catalog Course Search Details

 Department:    HCM

 Course #:    425

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    510701

 EPC:    34B

 REV:    2024

 Course Description  

Introduction to the application of financial management principles in the healthcare setting. Includes the analysis of financial statements for capital decision making and managing working capital (planning and control, equipment purchase and depreciation, budgeting) and. Review the people, processes, and technology used during each phase of the healthcare reimbursement cycle. Evaluate best practices in revenue cycle management, including coding and reimbursement to make effective management decisions.

 Prerequisite  

Prerequisite: BASM Dept. Chair permission.

Contact Hours (based on 11 week quarter)

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0

Intent: Distribution Requirement(s) Status:  

Vocational Preparatory N/A  

Equivalencies At Other Institutions

Learning Outcomes

After completing this course, the student will be able to:

1. Identify major financial management principles such as the importance of cash, time value of money and return on investments, by researching their general and their health care applications.
2. Investigate key principles of organization financing such as capital structures and sources, sources of revenue, working capital management, and financing by researching applications in health care fields.
3. Assess approaches to managing financial risk by reporting on investment simulations in healthcare fields.
4. Evaluate the tension between financial return and social responsibility by analyzing trends in healthcare management fields.

General Education Learning Values & Outcomes

Revised August 2008 and affects outlines for 2008 year 1 and later.

Course Contents

1. Major financial management principles such as the importance of cash, time value of money and return on investments.
2. Key principles of organization financing such as capital structures and sources, sources of revenue, working capital management, and financing.
3. Approaches to managing financial risk by reporting on investment simulations in healthcare fields.
4. Tension between financial return and social responsibility by analyzing trends in healthcare management fields.