HCMG 750 - Financial Management for Health Care

3 Credits
The focus of this course is to provide a working knowledge of payment policies and reimbursement methodologies used in health care and how they vary by payment source (governmental, private, and capitated insurance). Methodologies used by facilities and practitioners will be applied and compared. Factors affecting payment will be discussed. Costing methodologies, revenue cycle management, purchasing strategies, budgeting, and variance analysis applied to health care are examined.

Grade Note(s): A grade of C or better is required on the final assessment in order to earn a passing grade in this course.
Prerequisite(s): HCMG 630
Course Learning Outcomes:
1. Create a budget based upon revenue derived from governmental and private sources.
2. Manage components of the revenue cycle.
3. Evaluate compliance with regulatory requirements and reimbursement methodologies.
4. Recommend strategies for detecting and preventing healthcare fraud.
5. Assess financial management processes.