Apr 24, 2024  
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Course/Program Inventory

ALHS 2317 - Fundamentals of Healthcare Finance


Credit hours: 3

Course Description:
This course will provide students with theory, tools and practical experience in health care financial management. It examines payment sources and reimbursement arrangements; the public and private financing of health care service organizations from both a theoretical and practical perspective, and discusses emerging trends in the health care industry that affect financial decision-making. Topics of study include capital and debt financing, capital structure, financial planning, operating revenue, working capital, resource allocation and financial analysis of the industry. A case study method will be used to provide the student with the opportunity to analyze a working health care organization.  (3 lecture hours/week) Not part of a TN Transfer

Student Learning Outcomes:
Students will be able to:

  1. Identify the components of important financial statements - income statement, balance sheet, and statement of cash flows - and explain how they relate both to each other and to the underlying sources of data.
  2. Discuss the basic elements of a business including ownership and organizational goals
  3. Evaluate the financial statements and the financial position of health care institutions.
  4. Explain the complexity of cost behaviors in health care organizations and describe how costs are classified according to their relationship with volume.
  5. Develop a competence in making financial decisions using net present value, pertinent financial ratios, and break-even analysis.
  6. Describe the overall planning process and the key components of the financial plan.
  7. Explain why time value analysis is so important to health care financial management.
  8. Apply fundamental financial management skills and knowledge to health care organizations.
  9. Use technology and information resources to research issues in health financial management.
  10. Describe the importance, purpose, and major objectives of financial management in healthcare organizations.
  11. Submit an experiential learning portfolio that meets the guidelines and standards of the Experiential Learning component of PLA