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Jun 02, 2024
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HIM 505 - Financial Management for Health Care Organizations
3 Credit(s)
An in-depth study of health care economics and the financial management of health care organizations. The economic principles underlying the American health care market and the financial management of health services organizations within that market are examined. Analysis covers free market and mixed market economies; developing enterprise-wide strategic and operational planning models for revenue cycle management, forecasting, prescriptive and predictive analytics and health care industry regulation. Topics also include oversight of revenue cycle, reimbursement mechanisms and their effect on health care provider organizations, managed care, capitation and per case or per diagnosis payment, as well as how these financial strategies are utilized by third-party payers. Focus is on financial challenges such as uncompensated care, cost increases, increased competition and increased regulation and how health care providers should respond to them.
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