Healthcare Economics & Financial Theory

PREREQUISITE:  None

COURSE DESCRIPTION:

The following represents the course competencies for this class.  Competencies are equivalent for all lecture and distance learning courses. Following each competency is the assignment used to gain mastery of this area of study.

This advanced 10-week course is specifically designed for Master of Healthcare Administration students who aspire to leadership roles in today’s rapidly evolving healthcare landscape. The curriculum, which spans theoretical foundations and practical applications, aims to develop a robust understanding of healthcare economics and financial management. By the end of the course, students will be well-equipped to navigate complex economic challenges and make informed financial decisions, thereby preparing them for the leadership roles they seek.

AQUIRED SKILLS:

• Decision-Making using Financial Analysis
• Understanding Healthcare Reimbursement Systems
• Utilizing Healthcare Technologies for Innovation

UPON COMPLETION OF THE COURSE, THE STUDENT WILL BE COMPETENT IN:

• Analyzing Healthcare economic issues
• Managing Healthcare Financial Issues
• Understanding Healthcare Reimbursement Systems and Their Impact
• Understanding Value-Based Care and Alternative Payment Models and their impact
• Adopting emerging Healthcare Technologies for use in Innovation
• Developing Strategic Financial Planning
• Applying Ethical Decision-Making in Healthcare Finance
• Communicating Financial and Economic Concepts to Diverse Stakeholders
• Data Analytics for Data-Informed Decision Making
• Understanding and Utilizing Artificial Intelligence for increased efficiency and effectiveness
• Evaluating strategies for effective revenue cycle management
• Integrating economic trends and forecasts into long-term financial planning
• Applying risk assessment and management principles in financial strategy development
• Interpreting and using benchmarking data for performance improvement
• Applying critical thinking skills to novel economic and financial challenges in healthcare
• Evaluating financial strategies in the context of healthcare equity and access