BHA 4053 Financial Management in Health Care Organizations

Introduces many financial management aspects in health care organizations by covering many considerations and factors affecting the financial aspects of providing health care in today’s dynamic and competitive environment. Students learn the different types of budgets and how they are utilized.

Course Textbook

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Berger, S. (2008). Fundamentals of health care financial management (3rd ed.). San Francisco, CA: Jossey-Bass.

Course Learning Objectives

Upon completion of this course, students should be able to:

1. Explain the basic concepts of financial management in health care organizations.
2. Explain and apply the methodology for practical application of financial management procedures in a health care setting.
3. Present a detailed explanation of the financial market environment.
4. Explain and illustrate what is necessary for managing short-term and long-term assets and liabilities of health care firms.
5. Define and analyze the agency relationships in health care and how organizations can ameliorate agency costs.
6. Explain and illustrate the similarities and differences among the major approaches to valuation for health care firms.
7. Distinguish variable versus fixed and direct versus indirect costs for a health service or process.
8. Calculate net present value, internal rate of return, and profitability indexes given assumed cash flows and discount rates in health care operations.
9. Define and measure total and systematic project risks in health care processes.
10. Compare and contrast the choices for external financing faced by health care organizations.
11. Compare and contrast the relationship between the cost of capital for a not-for-profit healthcare provider and an equivalent taxable corporation.
12. Discuss and evaluate the basic principles of working capital management as rooted in controlling opportunity costs in health care firms.
13. Articulate an endowment’s investment goals and constraints.
14. Explain and discuss the financial approach to strategic health care planning and how to participate effectively in that process.

Credits

Upon completion of this course, the students will earn three (3) hours of college credit.

Course Structure

1. Unit Learning Objectives: Each unit contains Unit Learning Objectives that specify the measurable skills and knowledge students should gain upon completion of the unit.
2. Written Lectures: Each unit contains a Written Lecture, which discusses lesson material.
3. Reading Assignments: Each unit contains Reading Assignments from one or more chapters from the textbook. Supplemental Readings are provided in Unit Study Guides V-VIII to aid students in their course of study.
4. Learning Activities (Non-Graded): These non-graded Learning Activities are provided in to aid students in their course of study in Units I-III.
5. Key Terms: Key Terms are intended to guide students in their course of study. Students should pay particular attention to Key Terms as they represent important concepts within the unit material and reading.
6. Discussion Boards: Discussion Boards are a part of all CSU term courses. Information and specifications regarding these assignments are provided in the Academic Policies listed in the Course Menu bar.
7. Unit Assessments: This course contains eight Unit Assessments, one to be completed at the end of each unit. Assessments are composed of multiple-choice questions and written response questions.
8. Ask the Professor: This communication forum provides you with an opportunity to ask your professor general or course content related questions.
9. Student Break Room: This communication forum allows for casual conversation with your classmates.

Communication Forums

These are non-graded discussion forums that allow you to communicate with your professor and other students.
Participation in these discussion forums is encouraged, but not required. You can access these forums with the buttons in the Course Menu. Instructions for subscribing/unsubscribing to these forums are provided below.

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Ask the Professor

This communication forum provides you with an opportunity to ask your professor general or course content questions. Questions may focus on Blackboard locations of online course components, textbook or course content elaboration, additional guidance on assessment requirements, or general advice from other students.

Questions that are specific in nature, such as inquiries regarding assessment/assignment grades or personal accommodation requests, are NOT to be posted on this forum. If you have questions, comments, or concerns of a nonpublic nature, please feel free to email your professor. Responses to your post will be addressed or emailed by the professor within 48 hours.

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Student Break Room

This communication forum allows for casual conversation with your classmates. Communication on this forum should always maintain a standard of appropriateness and respect for your fellow classmates. This forum should NOT be used to share assessment answers.
BHA 4053 Financial Management in Health Care Organizations

BHA 4053 Financial Management in Health Care Organizations