This course presents the concepts of financial accounting important to the understanding of the financial environment of the health care industry. Students interpret financial statements, prepare analyses of financial data necessary to make decisions, describe the different third party payment methods, experiment with cost finding and price setting, and conduct break-even analysis. The course provides students with experience in capital and operating budgets, and financial forecasts.
Evaluate global health care options that impact revenue.
Discuss solutions to current health care financial problems.
Analyze the role of cost measurement in the operating budget, capital budget, and variance analysis.
Analyze the relationship between budget performance and corrective actions on health care.
Explain the value of financial management in health care.
Develop a budget in health care.
Compare the budgeting process for capital, operational, and facility funding.
Revenue Sources and Payment Methods
Explain revenue trends that affect the health care industry.
Describe payment systems, participants, and the effect of their roles.
Accounting Principles and Financial Planning in Health Care
Develop a financial plan in health care.
Analyze financial statements in the health care industry.
Explain the key Generally Accepted Accounting Principles (GAAP) that apply to health care.
Financial Environment of the Health Care Industry
Distinguish between for-profit and not-for-profit financial environments.
Explain financial management practices and challenges.
Describe health care financial structure and policies.
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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.