UPI Study, Inc. | Evaluated Learning Experience
Healthcare 301: Healthcare Finance and Budgeting
Varies (self-study, self-paced).
March 2021 - Present.
Upon successful completion of the course, students will be able to: explain the fundamental concepts of healthcare finance, including financial management roles, organizational structures, and accounting principles; analyze and interpret financial reports, distinguishing between different types of financial statements and their significance in healthcare decision-making; evaluate the impact of regulatory requirements and government policies on healthcare finance, ensuring compliance and ethical financial practices; apply financial analysis techniques, such as ratio analysis and cost estimation, to assess the financial health of healthcare organizations and make informed strategic decisions; create and manage budgets and forecasts and allocate financial resources to optimize operational efficiency and achieve organizational goals.
The course is self-paced. Instruction is delivered through online video and text lessons.
Students are assessed through quizzes, required assignments and a proctored final exam. Major topics include introduction to healthcare finance; organizational structure in healthcare; healthcare organizations and services; financial reporting in healthcare; health insurance and reimbursement; estimating healthcare costs; healthcare financial management; accounting and income statements in healthcare; balance sheets in healthcare finance; financial assessment in healthcare; healthcare calculations and case studies; healthcare planning and budgeting; project costs and evaluation in healthcare; healthcare staffing needs and forecasting; and trends in healthcare.
In the upper division baccalaureate degree category, 3 semester hours in Allied Health, Healthcare Management, Introduction to Healthcare, Finance, Hospital Administration, or Human Services (5/24).