2021-2022 Catalog

HL 410 Healthcare Administration Budgeting and Finance

This course provides an introduction to basic accounting principles, terminology, and financial managerial accounting, including budgeting, cost accounting, and the financing of healthcare products and services. Students will become familiar with the process of setting prices for products and services, including the gathering of financial information in order to determine the return on investment.

Credits

5

Outcomes

  1. This course will prepare students to:
  2. Create a proposal for a capital budgeting expense in a healthcare organization.
  3. Define and understand the importance of working capital, identify the sources of working capital.
  4. Examine the value of healthcare financial management to the management functions and the changing face of healthcare.
  5. Explain the methods of classifying, allocating, and assembling costs in a healthcare organization.
  6. Discuss methods of valuing inventory and identify costs related to inventory.