Financial Analysis and Management in Healthcare – BUSI 323

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

Focused on exploring the concepts of financial management in healthcare this course will explore topics related to the revenue cycle, disbursement, budgeting/forecasting, internal control, financial reporting, and contract management aspects of the healthcare organization. Differences between the goods and service industries will be explored. This course will also survey the pros and cons of a single payer system.

Prerequisites

None

Rationale

This course will explore the concepts of financial management in health care as they relate to the ambulatory and hospital markets. An understanding of revenue cycle management, insurance reimbursements, budgeting/forecasting, contract management, internal control, and financial reporting are integral in order to make sound financial decisions.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Integrate a biblical worldview within the context of financial management in health care.
  2. Evaluate the current system of financing health care and the factors affecting it.
  3. Assess the pros and cons of a single payer system.
  4. Analyze budgetary concepts, financial management, cost accounting and management under rate control and competition, as well as the differences between the goods and service industries based upon knowledge of current literature and industry best practices.

Course Assignment

Textbook readings and presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Group Discussion Board Forums (4)

For this collaborative discussion board, the student is required to provide a thread in response to 1 of the provided prompts for each forum. Each thread must be 400–500 words. In addition to the thread, the student is required to reply to 2 other classmates’ threads. Each reply must be 250–300 words. Each thread and reply must contain at least 2 references other than the textbook and at least 1 biblical integration. Current APA format must be used.

Homework (4)

The student will be assigned a variety of short answer and essay homework questions for each assignment.

Research Paper

The student will write an 8–10-page research paper on a topic that is related to health care financial theories/topics. The paper must follow current APA format and utilize at least 5 scholarly resources. A title page is required and is not included in the page count.

Exams (4)

Each exam will cover the Reading & Study material for the assigned modules/weeks. Each exam will be open-book/open-notes, contain 28–40 multiple-choice, true/false, and short answer questions, and have a 1-hour and 30-minute time limit.