This course provides a comprehensive introduction to healthcare financial management, focusing on the unique challenges and opportunities within the healthcare industry. Students will explore key concepts, including healthcare accounting, financial statements, and the methods used to manage financial information for decision-making. The course delves into the financial environment of healthcare organizations, emphasizing budgeting processes, capital investment decisions, and financial analysis techniques.
In addition to core financial management principles, students will examine how financial accounting concepts apply specifically to healthcare settings. This includes understanding and interpreting financial statements, such as balance sheets, income statements, and cash flow statements, with a focus on how they impact the financial health of healthcare organizations.
By the end of the course, students will not only understand the principles of financial management but also how these principles are uniquely applied within healthcare organizations, equipping them with the skills needed to navigate the complex financial landscape of the healthcare industry.