HSM - 644 Health Care Managerial Finance & Seminar

This course moves beyond basic financial accounting to how financial information is used to manage and make decisions. From the revenue perspective, students are expected to learn and demonstrate an understanding of the way health care providers are paid for services based on the source of payment (Medicare, Medicaid, managed care) and the payment methodology. From a cost perspective, cost allocation methodologies as well as types of costs (e.g. fixed, variable, semi-variable), will be taught. Case studies, in-class exams, and team presentations will be used to evaluate students’ competencies to assemble revenue and cost information to make strategic decisions and construct budgets and business strategies. The examples used will focus on existing and emerging reimbursement trends that are impacting health care organizations. Prerequisite: HSM 612 Retake Counts for Credit: No. Pass/No Pass Grading Allowed: No. Credit(s): 4