Healthcare Finance (HCM 565)

Public Health

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.

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.