FIN 561 (4)
Financial Management in Healthcare
This course focuses on a central question – how is value created in your organization? This value creation is often poorly understood outside the top financial team. Yet, it’s critically important that all healthcare managers understand the decision-making process required for sound financial management. Course participants will simultaneously apply these financial management concepts and tools to a real-life setting. Teams will spend the semester developing a comprehensive business plan focusing on a specific healthcare initiative. Two separate, broad areas will be covered in the course content. Initially, students will look at how the organization makes strategic choices between different types of organizational investments, i.e. the asset side of the Balance Sheet. Secondly, students look at the financing side of the Balance Sheet. Most important, the course focus is on developing sustainable services and products that positively contribute to the long-term health of the organization.