Course Description
A survey of both financial and managerial accounting principles in the healthcare industry. The course will cover topics such as healthcare insurance billings and reimbursement methodologies as well as organizational costing and financial analysis.
Course Credits: 3
Prerequisites: ACCT 2301
Student Learning Outcomes
- Describe the major players in the health services industry
- Explain the concepts related to healthcare insurance, including adverse selection and moral hazard; describe the third-party payer system
- Describe the major financial statements and explain why they are important
- Conduct profit (CVP analysis) analyses, especially with fee-for-reimbursement and capitation
- Apply cost allocation principles for health services situations
- Explain how accounting and actuarial information are used to make pricing decisions
- Create a simple operating budget
- Use variance analysis to assess financial performance
- Explain the relationship between financial risk and return
- Describe key issues related to health services capital budgeting decisions