Skip to main content

312.624.01
Financial Management in Health Care II

Location
East Baltimore
Term
4th Term
Department
Health Policy and Management
Credit(s)
3
Academic Year
2023 - 2024
Instruction Method
In-person
Class Time(s)
Monday, 2:30 - 4:50pm
Auditors Allowed
No
Available to Undergraduate
No
Grading Restriction
Letter Grade or Pass/Fail
Course Instructor(s)
Contact Name
Frequency Schedule
Every Year
Next Offered
2024 - 2025
Prerequisite

312.617, 312.603 and 312.623

Description
Healthcare Financial Management II is a broad based course that covers topics utilized by a senior level executive in the day-to-day management of healthcare organizations. The subject matter will be covered from a prospective of understanding the theory and practical application of the concepts rather than the actual preparation of financial transactions. It is assumed that the students will attain leadership positions in an organization that will require interaction or direct supervision of a chief financial officer; and, as such, will learn techniques to communicate and understand the results of the financial statements of an organization
Presents opportunities to apply knowledge of accounting, budgeting and financial management in a real world setting, emphasizing analysis and decision-making; applies in a broad range of healthcare settings, including the pharmaceutical, insurance, consulting and for-profit industries. Topics include business plan preparation; financial analysis and business planning; financial forecasting and cash budgeting; Maryland reimbursement system; mergers and acquisitions; healthcare reform and third party reimbursements.
Learning Objectives
Upon successfully completing this course, students will be able to:
  1. Apply the concepts of the Maryland reimbursement system in business planning situations
  2. Develop a strategy to solidify an organization's place in the market
  3. Execute a plan to consolidate multiple business lines and estimate the financial impact of a combined entity;
  4. Calculate an insurance premium and capitation payment
  5. Demonstrate teamwork skills within a work team resulting in a completed case study
Methods of Assessment
This course is evaluated as follows:
  • 10% Participation
  • 30% Group Presentation
  • 50% Group Project(s)
  • 10% Peer-feedback
Enrollment Restriction
undergraduate students are not permitted in this course