Advanced Financial Management of Health Care
The course is designed to provide students with a general understanding of financial management in healthcare
The subjects covered will provide the background and analytic skills for students to evaluate financial matters and the decision making process encountered in the overall management of healthcare and other organizations.
This will also include issues impacting payments received from Medicare, Medicaid, and commercial managed care insurers. Lectures will include federal and state health care policy decisions and the increasing impact on health systems finances.
The course will also address a number of initiatives the Center for Medicare and Medicaid Services (CMS) has in process or has proposed. This will include a discussion of the PA Rural Health Model under the Center for Medicare and Medicaid Innovation (CMMI) initiative in conjunction with the PA Rural Health Redesign Office.
The primary objectives of this course are:
- Develop a framework from which past, current, and future health systems financial management issues can be analyzed and evaluated.
- Learn and apply analytical techniques for the strategic and operational planning and financial management of health care organizations.
- Develop an understanding of the current and future financial issues facing healthcare organizations including planned revisions by Medicare and Medicaid.
Excel Proficiency (defined as creating formulas for calculations, formatting cells, etc)