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May 04, 2024
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IHCM 310 - Financial Management in Healthcare Facilities
3.0 Credits
Financial management in healthcare organizations and its impact on patient outcomes and long-term viability of the organization. Coversvarious financial tools and analysis used to guide decision making at the departmental and institutional level.
Prerequisite Admission to IHCM-BAS program.
Course-level Learning Objectives (CLOs)
Upon successful completion of this course, students will be able to:
- Evaluate the changing role of healthcare financing including the role of federal intervention and third party payers.
- Utilize the tools of budget development, analysis and reconciliation to make informed decisions around departmental staffing, supply/inventory management and capital equipment purchasing.
- Analyze revenue versusoperating expenses to inform short term and long term strategic financial planning that supports organizational goals.
- Develop knowledge related to the effective management of grant funding and contracts.
Course Typically Offered
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