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Welcome to Health
Care Finance, a course that is designed as a basic introduction
to financial principles and concepts as applied to health care financial
management of both for-profit and not-for-profit entities within
the context of the health care environment in the United States
today.
The goal of this undergraduate course is to prepare health care
administrators for the responsibilities involved in maintaining
a well-managed health care organization. Basic vocabulary, processes,
functions and reports are presented in this course, including financial
statements as commonly seen in health care environments. Topics
covered include types of budgets; considerations for cash flow,
payables and receivables; and considerations in working with various
types of revenue streams.
This course also introduces a discussion of financial management
of challenges of particular interest to administrators such as identification
of costs of care, and types of provider payment systems. This course
is designed to prepare you for more advanced financial concepts
to be covered in specialty health care settings, or in graduate
level courses. In fulfillment of the assignments that will provide
fundamentals of finance, this course is designed to incorporate your own experience and observations, as well as contemporary
business information obtained through research.
This is a five-semester
hour course. This course is allotted ten weeks of time. You must
complete all of the requirements for the course successfully by
the end of the ten-week period. The first day of week one will begin
the day that you register for the course, or the day that you notify
me that your textbooks have arrived and you are ready to begin your
studies.
It is up to you to comply with the time frames for assignments
and completion of this course. Extensions are granted only for extenuating
circumstances, and must be agreed upon by both you and I. Upon successful
completion of this course, you will be awarded five-semester hours
of credit.
There is one required
textbook for this course.
Book 1: Financial Management of Health Care Organizations: An Introduction
to Fundamental Tools, Concepts, and Applications. By Zelman, E.;
McCue, M; & Millikan. A. Blackwell Publishers; Malden, MA: 1998.
ISBN # 1-55786-709-7.
There are two examinations
for this course, a mid-term exam and a final exam.
1). The mid-term exam covers three activities based on Chapters
1-6; discussion questions, quizzes from the Zelman text, and a brief
research activity of contemporary financial information.
2). The final exam covers three activities based on Chapters 9-12;
discussion questions, quizzes from the Zelman text, and a brief
research activity of contemporary financial information
I must download your mid-term paper with all of the required information
by the end of the fifth week in the course. Incomplete papers will
be graded accordingly.
I must download your final paper with all of the required information
by the end of the tenth week in the course. Incomplete papers will
be graded accordingly.
Send your completed exam to me. I will return it to you with feedback,
including your grade.
The grading scale for
this course is as follows:
90-100% = A
80-89% = B
70-79% = C
Below 70% = Fail
The grading criteria for the written assignment is as follows:
Weight
60%.
1). Content is pertinent, and reflects points requested from the
readings as well as observation from the field.
2). Comprehensiveness of discussion is adequate.
3). The discussion as requested addresses the assignment in scope
and content.
Weight
20%.
1). The discussions demonstrate logical flow from idea to idea,
point to point.
2). The paper includes supporting ideas from the assigned readings
as appropriate.
.
Weight
10%.
1). Spelling and sentence structure are without error.
2). Punctuation and word choice are without error.
3). Paper contains a title, subheadings and paragraphs as appropriate.
Weight
10%.
1). The paper reflects a synthesis of ideas from the readings and
from experience as requested.
2). The tone is appropriate to the content and assignment.
3). Style of the paper is appropriate academic level.
There are
two (2) written assignments for this course. Each assignment consists
of discussion questions, research and brief quizzes as listed below.
The first paper must be received by the end of the fifth week of
the course. The second paper must be received by the end of the
tenth week of the course.
MIDTERM PAPER - There are three
parts to this mid-term.
1). Discussion questions.
2). Quizzes from the Zelman text Chapter 1-6.
3). A brief research activity.
This paper must be submitted by the fifth week of the course. Assignments
for the mid-term paper are located in the assignment section of
the classroom.
FINAL PAPER - This paper must
be submitted by the tenth week of the course.
There are three parts to this final:
1). Discussion questions.
2). Quizzes from the Zelman text Chapters 9-12.
3). Abrief research activity.
Assignments for the final paper are located in the assignment section
of the classroom.
Communication
for this course is done via e-mail, regular mail, chat room talks,
or by telephone. I encourage you to communicate with me as you progress
through your course. Regular communication is essential, since you
are directing the pace of your study.
Dale Mueller,
EdD, RN, has held numerous leadership and management roles in large
and small organizations throughout her career as an administrator
and consultant. Roles include leadership for change in chaotic environments,
and management of teams, work groups, task forces and organizations.
She is a gubernatorial appointee in strategic planning and human
resources in California, and is a former President of the Chamber
of Commerce in her community.
Upon completion
of this course, you will be able to:
1). Identify components of financial statements and pertinent financial
ratios.
2). Describe the process used in accrual accounting, resulting impact
on financial statements, and the administrative responsibilities
concerning accurate.
3). Identify reflections of organizational financial health.
4). Identify administrative responsibilities in relation to the
cycle of working capital, cash flow, and receivables and payables
management.
5). Discuss how concepts of present and future value of money, annuities,
and capital financing are applied to health care financial decisions.
6). Illustrate the relationships of price, fixed and variable cost,
and quantity relative to break-even analysis in health care financial
planning.
7). Interpret a basic operations budget for a selected department,
facility, or program.
8). Discuss analysis of budget performance within a selected scenario,
and identify how operations decisions are interrelated within administrative
roles.
9). Identify the components and administrative implications of major
types of payment systems for health care services in use in the
United States today.
If
you have any questions regarding this program, you may address
them to admassistant@breyerstate.com.
An administrative faculty member will respond to all questions.
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