MOA 1060 - Business Math

Clock Hours: 30

Delivery Mode
on-ground

Course Description:
The Business Math course is designed as a practical, applied mathematics course that will emphasize the skills students need to manage finances in the healthcare industry. This course is composed of lecture, online learning modules, and office simulations delivered in an open entry open exit format. Student will review and apply basic mathematical operations with whole numbers, decimals, fractions, ratios, and percentages. Students will use common mathematical formulas to solve a variety of business mathematics as well as apply knowledge of computer and calculator use. Students will also apply accounting techniques and learn to use graph and solve problems using basic algebra and statistics. Students are also trained on banking and ledger procedures.

Student Learning Outcomes:
Upon completion of this course, the student will be able to:

Apply basic math skills in both office and healthcare settings.
Integrate technology into math skills.
Maintain financial records in a medical office.
Collect and record fees for the services provided by the office to the patient.
Compute charges and make the appropriate entries for services rendered, charges, and payments.
Manage the collection process using letters and the telephone.
Complete deposit slips, check registers, checks, petty cash logs, and other required financial forms.
Complete purchasing transactions, such as purchase orders and invoices.
Discover basic statistics and data that can apply in the healthcare field and understand how this is used to make decisions, improve quality, and develop best practices in medicine.
Create statements for payment and receipts for payment.