Consortium for International Studies | Evaluated Learning Experience
Budget and Finance in Healthcare Organizations HSC 301
Upon successful completion of the course, students will be able to: define key terms related to finance, budgets, and accounting in healthcare contexts; examine the role of finance in healthcare organizations, including the role of the CFO and other key players in day-to-day operations; create balance sheets for healthcare organizations; analyze financial statements using ratio analysis and make financial recommendations to health care organizations based off the data; examine financial regulations impacting healthcare organizations, including non-profit or tax-exempt status; examine the complexities of third-party payments in healthcare organizations; calculate cost shifting and communicate calculations to stakeholders; explain the implications of value-based purchasing on healthcare organizations; use differential cost analysis to calculate profits and losses and make pricing recommendations to healthcare organizations; evaluate the financial status of a healthcare organization and propose recommendations for purchases based on calculations; develop and evaluate strategic plans for healthcare organizations; use regression analysis to develop and evaluate budgets; calculate financial impacts of purchases based on projected costs and revenues; evaluate healthcare reform proposals.
Major topics taught in this course include: The role of finance and budgets in healthcare, the complexities of payments and regulations in the context of healthcare, and cost analysis and planning as it relates to the healthcare sector.
In the upper division baccalaureate degree category, 3 semester hours in Health Science, Public Health, Healthcare Administration, Healthcare Management, or Finance (7/22).