SBMT 1425 Finance for Healthcare

Description

Finance for Healthcare assists the student to become better acquainted with terms and definitions used in finance for Healthcare Facilities.

Management Credits

3

Prerequisite:

Student is an entrepreneur, employee or by special permission of the instructor

Topics to be Covered

1.  Explain the similarities and differences of health care finance from other businesses

Learning Outcomes

1. Discuss the differences in function and mission between for-profit, not-for-profit, and governmental healthcare organizations

2. Compare and contrast fee-for-service and managed care private-sector healthcare insurance plans

3. Identify the major factors influencing the rising costs in health care

4. Define the terminology used in the language of accounting

5. Illustrate the differences in the levels of accounting expertise among various sizes of healthcare facilities

6. Identify the basic cash management tools used by any medical facility

7. Explain revenue cycle management