Introduction

Financial issues are fundamental in healthcare environment, and managers must be prepared as they endeavour to improve the delivery of health services. This course mixes theory with practice in the process of decision making.

Key concepts, glossary terms, learning objectives, and spreadsheet problems are also featured throughout the course, helping learners to make educated financial decisions in even the most unpredictable provider settings.

Objectives

Upon completion of this course you should be able to:

• Audit and comprehend the different types of financial decisions healthcare organisations make and an easier approach to the topics presented.
• Clarify the effects of health change and the Affordable Care Act on financial management
• Acquire knowledge about Health insurance and payments to providers.
• Illustrate key concepts through the Integrative Applications present in-depth practice issues.
• Mimic the most interesting real-world situations through anecdotal sidebars associated with the course.

Get a bundle of key equations in one place to get a handy outline of the most important mathematical formulas and variable definitions

Course Outline

Day 1

The Healthcare Environment

• Introduction to Healthcare Financial Management.
• The Third-Party-Payer System.

Day 2

Fundamental Financial Management Concepts

• Time Value Analysis.
• Financial Risk and Required Return.

Day 3

Capital Acquisition

• Debt Financing.
• Equity Financing and Investment Banking.
• Securities Valuation, Market Efficiency, and Debt Refunding.
• Lease Financing.

Day 4

Cost of Capital and Capital Structure

• Cost of Capital.
• Capital Structure Decisions.

Capital Allocation

• The Basics of Capital Budgeting.
• Project Risk Analysis.

Day 5

Financial Condition Analysis and Forecasting

• Financial Condition Analysis.
• Financial Forecasting.