Course Description
Study of the financial management of healthcare organizations. Also covers the role of government agencies and insurance companies in healthcare; accounting and financial controls; working capital management; and capital budgeting techniques applicable in healthcare industry.
This course offers an introduction to accounting, financial theory and practice in health care settings. It is designed to familiarize students with important financial concepts and issues confronting managers in the health sector.
Course Credits: 3
Prerequisites: FINA 3320 or equivalent
Student Learning Outcomes
FINANCIAL SKILLS:
- Explain financial and accounting information, prepare and manage budgets and make sound long-term investment decisions.(CLO1)
ANALYTICAL THINKING:
- Solve problems bybreaking it into smaller pieces or tracing its implications in a step-by-step way.
- Organize parts of a situation, issue, or problem systematically.
- Compare different features or aspects.
- Set priorities on a rational basis, and
- Identify time sequences, casual relationship or if-then relationships.(CLO2)
COMMUNICATION SKILLS:
- Speak and write in a clear, logical and grammatical manner in formal and informal situations, to prepare cogent business presentations and to facilitate a group.(CLO3)