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Nov 23, 2024
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HCM 41000 - Health Care Finance and Accounting
(3) This course provides a comprehensive overview of finance, accounting, budgeting and variance analysis in various healthcare organizations: clinics, professional group practices, and hospitals. Basic finance and accounting principles will be presented including the four financial statements. Public and private revenue sources for health services including the current complex reimbursement system requirements and regulations will be examined. Internal control policies and procedures safeguarding cash, receivables and assets will be discussed. Students will learn budgeting and monthly variance analysis for effective fiscal management. Staff scheduling models and methods to manage staff expenses will be presented. Offered Spring.
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