Financial Planning and Management in Healthcare Organizations

CSO 703 Subject & Catalog Number

Description

This course will provide the basics of healthcare finances including accounting, business planning, revenue cycle management, and budgeting. The course will provide clinical operations leaders with a broad overview of healthcare reimbursement, policy, and delivery in the US and abroad. Students will learn about strategies that healthcare systems have taken to increase value and improve revenue, while reducing costs, including population health management trends and the use of integrated health systems. The course will provide the student with insights on how to develop and manage healthcare operations, capital, and research budgets, as well as departmental budgets. Students will gain understanding of reimbursement and payer mix, and will learn strategies for managing costs and optimizing revenue. Students will learn basic principles of healthcare business planning and will explore approaches for program growth through enhancing case mix or developing service lines. The course will illustrate how health reform and regulatory changes can impact healthcare finances. Additionally, the course will prepare students for how to exercise leadership during budget processes or business planning, and how to track and monitor financial performance.