Nursing 655
I. Course Title: Financial Management in Healthcare
II. Course Number: NURS 655
III. Credit Hours: 3 credits
IV. Prerequisites: Graduate standing in Nursing or permission of the faculty.
V. Course Description: Concepts, methods, and tools critical to making sound business and financial decisions in an ever-changing healthcare economic climate are explored.
VI. Detailed Description of Content of the Course:
Terminology, tools, and methods of financial management in healthcare organizations and systems are examined. Concepts critical to making sound business and financial decisions in an ever changing healthcare economic climate are explored.
Topical Outline:
- Overview of economics and health care
- Budgets and budgeting
- Reporting and managing budgets
- Financial analysis and making a business case
- Writing a business plan
- Assessing financial health
- Entrepreneurship and practice management
- Ethical issues and international health care systems
- Health policy and future trends
VI. Detailed Description of Conduct of Course:
This online course may include but is not limited to seminar discussions (faculty and student led), lectures, finance reports, case studies, written assignments, projects, and other teaching-learning strategies as appropriate. Because the course is online, audio or video presentations/lectures, discussion boards, chat rooms, and other instructional technology strategies may be used.
VII. Goals and Objectives of the Course:
Upon successful completion of this course students will be able to:
- Examine how healthcare organizations are financed. MSN Essentials 2, 7; PO 2, 7
- Demonstrate the ability to apply economic principles and practices, including budgeting, cost/benefit analysis, marketing to develop business plans. MSN Essentials 1, 9; PO 1, 9
- Analyze financial data and information to support decision making. MSN Essentials 6, 9; PO 6, 9
Other Course Information: None
Review and Approval
March 01, 2021