hcs219 | undergraduate

Introduction To Health Care Finance

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This course is designed as an introduction to the terminology, processes, functions, and financial reports commonly encountered in health care. Students will explore the concepts of basic managerial financial functions, such as budgeting, reimbursement methods, and the use of financial documents.

This undergraduate-level course is 5 weeks To enroll, speak with an Enrollment Representative.

Course details:

Credits: 3
Continuing education units: XX
Professional development units: XX
Duration: 5 weeks

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    Health Care Finance Concepts and Accounting Processes

    • Explain basic financial concepts in the health care setting.
    • Compare financial accounting and managerial accounting.
    • Identify the various stakeholders in the financing of health care.
    • Explain the basics of double-entry accounting.

    Financial Reporting and Financial Statements

    • Classify balance sheet and income statement items.
    • Identify the revenue and expense components of the income statement.
    • Identify and calculate key metrics used in health care finance.

    Budgets, Cash Management, and Investing

    • Explain the different types of budgets used in health care facilities.
    • Describe the development and the use of the statement of cash flows.
    • Identify investment techniques of idle cash.
    • Identify basic cash management tools.

    Revenue Cycle Management and Reimbursement Processes

    • Identify sources of health care revenue.
    • Explain revenue cycle management.
    • Explain billing to insurance companies and reimbursement processes.
    • Describe the process of transferring risk through the purchase of insurance.

    Changes in Health Care Costs and Health Care Reform

    • Identify and explain the major factors contributing to rising health care costs.
    • Explain how legislation affects health care finance.
    Tuition for individual courses varies. For more information, please call or chat live with an Enrollment Representative.

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    Teacher Rate: For some courses, special tuition rates are available for current, certified P-12 teachers and administrators. Please speak with an Enrollment Representative today for more details.

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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 Representative.

    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.