Course Description

Focused on exploring the concepts of financial management in healthcare this course will explore topics related to the revenue cycle, disbursement, budgeting/forecasting, internal control, financial reporting, and contract management aspects of the healthcare organization. Differences between the goods and service industries will be explored. This course will also survey the pros and cons of a single-payer system.

Rationale

This course will explore the concepts of financial management in health care as they relate to the ambulatory and hospital markets. An understanding of revenue cycle management, insurance reimbursements, budgeting/forecasting, contract management, internal control, and financial reporting are integral in order to making sound financial decisions. Look over my recommended prerequisite courses at Liberty University if you need help deciding.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

1. 1. Integrate a biblical worldview within the context of financial management in health care.
   2. Evaluate the current system of financing health care and the factors affecting it.
   3. Assess the pros and cons of a single-payer system.
   4. Analyze budgetary concepts, financial management, cost accounting, and management under rate control and competition, as well as the differences between the goods and service industries based upon knowledge of current literature and industry best practices.

Course Assignment

Textbook readings and presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in the Course Overview.

Discussions (4)

For this collaborative discussion, the student is required to provide a thread in response to 1 of the provided prompts for each discussion. Each thread must be 400–500 words. In addition to the thread, the student is required to reply to 2 other classmates’ threads. Each reply must be 250–300 words. Each thread and reply must contain at least 2 references other than the textbook and at least 1 biblical integration. The current APA format must be used.

Homework Assignments (4)

The student will be assigned a variety of short answer and essay homework questions for each assignment.

Research Paper Assignment

The student will write an 8–10-page research paper on a topic that is related to health care financial theories/topics. The paper must follow the current APA format and utilize at least 5 scholarly resources. A title page is required and is not included in the page count.

Quizzes (4)

Each quiz will cover the Learn material for the assigned modules. Each quiz will be open-book/open-notes, contain 28–40 multiple-choice, true/false, and short answer questions, and have a 1-hour and 30-minute time limit.