HCL 6115 Value-Based Financial Management and Budgeting
This is a comprehensive examination of specific financial management functions in healthcare organizations. Emphasis is on healthcare budgeting and drawing inferences from financial statements. Students will examine the advantages and disadvantages of various approaches to revenue projection, the collection, and review of departmental proposals, the development of capital budgeting policy, and other budgeting tasks. The course also addresses budget implementation, accounting, value-based healthcare delivery models, and financial reporting. Various methods for maintaining budgetary balance, preventing overspending, and dealing with contingencies are presented and discussed.