HLT 3040 Financial Management, Budgeting, and Reimbursement in Health Care
The focus of this course is understanding the finances of health care, the driving factors, and critical financial processes. Key topics include the financial statements, budgeting, and revenue cycle for healthcare organizations. This course presents fundamentals of financial statements (e.g. General Ledger; Balance Sheet; Income Statement; Statement of Cash Flow; and Statement of Retained Earnings) and ratio analysis, using data retrieved from financial statements to evaluate the financial condition of a healthcare entity. One-half of the course focuses on revenue cycle management, third-party (government, commercial, etc.) reimbursement, value-based purchasing, and financial challenges within the U.S. healthcare delivery system. The remainder of the course will address topics related to budgeting and planning for healthcare organizations and various metrics that influence labor cost, total revenue and capital investments.