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Course Catalog

312.623.01 Financial Management in Health Care I

Department:
Health Policy and Management
Term:
3rd term
Credits:
3 credits
Academic Year:
2016 - 2017
Location:
East Baltimore
Class Times:
  • Tuesday,  3:30 - 5:50pm
Auditors Allowed:
No
Grading Restriction:
Letter Grade or Pass/Fail
Contact:
LaKeasha Wormley
Course Instructor:
Resources:
Prerequisite:

312.617, 312.603

Description:

Healthcare Financial Management is a broad based course that covers topics utilized by a senior level executive in the day-to-day management of healthcare organizations. The subject matter will be covered from a perspective of understanding the theory and practical application of the concepts rather than the actual preparation of financial transactions.

Provides opportunities for students to apply knowledge of accounting, budgeting and financial management in a real world setting, emphasizing analysis and decision-making; applies in a broad range of healthcare settings, including the pharmaceutical, insurance, consulting and for-profit industries. Presents a “big picture” approach rather than micromanagement.

Learning Objectives:

Upon successfully completing this course, students will be able to:

  1. Identify the complexities and challenges of financing a healthcare business
  2. Interpret the economic performance of the organization based on its financial statement
  3. Develop operating plans as a result of financial trends and results
  4. Present clear and concise conclusions and recommendations through oral presentation for action to a Board of Directors
  5. Analyze the financial viability of a new business venture and how it contributes to the mission of the organization
  6. Prepare business plans based upon multiple data points and business trends
  7. Develop framework to measure and monitor organizational performance
  8. Demonstrate teamwork skills within a work team resulting in a completed case study
Methods of Assessment:

Student evaluation based on a team-written case analysis (60%) and its oral presentation (40%).

Enrollment Restriction:

Grad Students Only

Instructor Consent:

Consent required for all students

Consent Note:

All students must receive consent to register.

For consent, contact:

lfavor2@jhu.edu