Financial Management of Health Care Organizations

HCM 722 Subject & Catalog Number

Description

This course aims to help students gain a comprehensive understanding of the role of finance in healthcare organizations, building on students’ learning about financial and managerial accounting. Topics include financial management of working capital and investment decision-making, capital structure, and mergers and acquisitions of health care organizations. In essence, this is a finance class tailored to the needs and circumstances of healthcare organizations. Topics include the time value of money, the relationship between risk and return, the cost of equity and debt capital, mergers and acquisitions, and evaluation of investment projects. Materials will primarily involve cases about a range of health care organizations (hospitals, insurers/ managed care plans, neighborhood health centers, physician groups, home health agencies, etc.). Work by students will include short assignments, case preparation, and an in-depth group project about a particular financing transaction for a hospital system. Guests will join the class for discussion about the implementation of core concepts in their organizations. The class meets once per week for extensive sessions that include a blend of these teaching topics and methods.

Course Restricted: HCM students only