HCF-701 Healthcare Finance
This course focuses on some of the unique components of finance as they relate to a healthcare facility and some of the major issues they are faced with. Students will strive to develop an understanding of the healthcare industry and the unique aspects related to healthcare finance. Increased knowledge of major national issues pertaining to Medicare and Managed Care payment systems and how they affect the economics of providers will be explored. Students will also develop an understanding of significant and nonsignificant financial management and management process issues. A preview of the healthcare industry and its effect on healthcare finance will also be explored. Additional topics include reimbursement systems, managed care, insurance, Medicare and Medicaid, DRG prospective payment, accessibility, eligibility, budgeting, and planning. Emphasis will be placed on the application of these topics to aid in making managerial decisions.