Course Description:

HCMG 363 FINANCIAL MANAGEMENT OF HEALTHCARE SYSTEMS This course will introduce the fundamental theories of financial management and how to apply them in healthcare systems. Among the principles and topics covered in the course are financial management functions, financial statement analysis, working capital management, time value analysis, and capital budgeting. Topics also include reimbursement mechanisms and their effect on healthcare organizations, managed care, capitation and per case or per diagnosis payment, as well as how these financial strategies are utilized by third-party payers. Focus is on financial challenges such as uncompensated care, cost increases, increased competition and increased regulation and how health care providers should respond to them. Prerequisites: ACCT 213, ACCT 223, and BCIS 203; for students pursuing the BPS degree, ACCT233 and ACCT253 will substitute for ACCT213 and ACCT223. Three hours, Fall, Spring

Credits:

3.0

Pre-Requisites:

(ACCT213LEC AND ACCT223LEC AND BCIS203LEC) OR (ACCT233WEB AND ACCT253WEB AND BCIS203WEB)

Co-Requisites: