Introduction to financial management, financial analysis, and financial decision-making within the healthcare environment. Basic financial management concepts will be explored to answer questions such as which projects to finance, how to finance short-term operations, and how to finance long-term projects within the healthcare setting.
Athena Title
Finance for Health Admin
Equivalent Courses
Not open to students with credit in HPAM 7750E, HPAM 7800, HPAM 7800E
Prerequisite
HPAM 7740
Semester Course Offered
Offered spring
Grading System
A - F (Traditional)
Student learning Outcomes
Students will understand how to define the objectives of financial management within a healthcare organization.
Students will understand how to assess the tools and skills needed to make the decision to allocate capital on competing projects within a healthcare setting.
Students will understand how to describe the funding mechanisms needed to maintain ongoing daily operations within an organization.
Students will understand how to evaluate capital markets and how and when to access those markets in order to acquire capital used to finance healthcare operations, building of facilities, or other initiatives.
Students will understand how to analyze problems in healthcare financial management.
Topical Outline
Introduction to Healthcare Financial Management Environment
Basic Financial Management Concepts
• Time Value of Money
• Financial Risk and Required Return
Capital Acquisition
• Financing Methods
• Risks Associated with Financing Methods
Cost of Capital and Capital Structure
• Cost of Capital
• Capital Structure Decision
Capital Allocation
• The Basics of Capital Budgeting
• Project Risk Analysis
Other Topics
• Working Capital Management
• Overview of Managed Care Concepts
• Finance for Non-profit Entities versus Shareholder-owned, Market-equity Companies
