This course provides an understanding of the general principles of accounting applied in the health care environment. It includes an overview of sources of revenue for various health care entities. The fundamentals of financial planning, cost concepts, capital budgeting, and management analysis are applied in the health care environment. Issues surrounding the development and management of budgets are also examined.
Explain the future trends in health care finance technology.
Management Reporting and Analysis
Identify key financial ratios.
Summarize the utilization of forecasting and comparative data.
Explain the use of trend analysis.
Describe the financial concepts related to health care staffing.
Budgeting and Cost Classification
Analyze costing methods in the health care industry.
Describe the process for creating an operating and a capital budget.
Financial Reporting and Financial Performance
Describe how revenues and expenses are grouped for planning and control.
Explain the utilization of health care revenue sources.
Describe the annual report and financial statements of a health care organization.
Overview of Health Care Finance
Identify financial reporting practices and ethical standards of conduct.
Describe the four segments that comprise a financial management system.
Define basic health care finance terms.
The University of Phoenix reserves the right to modify courses.
While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Advisor.
Transferability of credit is at the discretion of the receiving institution. It is the student’s responsibility to confirm whether or not credits earned at University of Phoenix will be accepted by another institution of the student’s choice.