Public Health |
Department | Health Sciences | College | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
HCM 565 | Course Code: | Healthcare Finance | Course Name | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3 hours | Contact Hours | 3 credit Hours | Credit Hours | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
English | Arabic | Teaching Language | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
None | Prerequisite | Level 3 | Course Level | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Course Description:
This course focuses on the application of key finance principles and concepts to healthcare organizations. The course enables students to learn how to develop, apply, and interpret various financial tools and concepts including financial statements analysis, costs structure and allocation, dashboards, budgeting and variance analysis, sources of revenue and reimbursement, return on investment analysis, financial ratios, capital budgeting and investment decision making, and working capital management. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Course learning outcomes:
1.Describe functions of financial management, roles, responsibilities of finance managers in Saudi Arabian healthcare organizations, financial forecasting and strategic financial planning for effective decision making. 2. Define the concepts of time value money, revenue cycle, reimbursement, costs structures, cost allocation methods, used by Saudi Arabia’s healthcare organizations to ensure effective control, operation sustainability, and organizational efficiency and effectiveness. 3. Interpret the staffing methods and regulations to find out the direct and indirect costs associated with turnover for a better staffing forecast. 4.Analyze the financial statements, working capital management, break-even analysis ,capital budgeting and investment for long-term financing decisions and options, other critical financial plans needed to ensure the organization’s financial viability in the long-term. 5. Evaluate spreadsheets and financial reports used for monitoring, control, reporting, and oversight in the application of basic financial management values. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Assignments | Quizzes | Mid-Term Exams | Grading: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Lab Work | Project | Final Exam | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Pink, G. H., & Song, P.H. (2020). Gapenski’s understanding healthcare financial management (8th ed.). Chicago: Association of University Programs in Health Administration and Health Administration Press. ISBN: 9781640551091. | Text Book: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
All Critical Thinking Assignments, Portfolio Project, models, and mini-cases are accessed at the publisher’s website: https://www.ache.org/pubs/hap_companion/book.cfm?pc=2283 | Reference Book (s): |
RECENT POSTS
TOP 40 ONLINE UNIVERSITIES IN THE UNITED STATES
January 18, 2021
Top 30 universities in Qatar
January 18, 2021
Top 30 Universities in Kingdom of Saudi Arabia (KSA)
January 8, 2021
Top 30 foreign universities in the Middle East
January 18, 2021
TRENDING NOW
SEU Principles Of Management ( MGT101 )
September 16, 2021
SEU Marketing Management ( MGT201 )
September 16, 2021
SEU H.R Management ( MGT211 )
September 16, 2021
SEU Organizational Behaviour ( MGT301 )
September 16, 2021
SEU Introduction to Operations Management ( MGT311 )
September 16, 2021