HCM 4030 - Financial Management in Health Care

3(3 + 0)

Prerequisite: ACC 2010 and HCM 3020with a grade of C or better.

This course surveys the organizational and operational aspects of fiscal analysis and control of health care institutions. Particular attention is given to the importance of third-party payer and reimbursement issues. Emphasis is placed on the practical processes involved in the determination and analysis of tax status, revenues, costs, charges, inventory/materials management, working capital levels, budgets, and financial reporting.