Prin of Eco and Hlthcr Finance

2 Credits · Level: Graduate

This course examines the principles of microeconomics in societal allocation of resources and accounting/finance to introduce the ways in which financial incentives and mechanisms affect the organizational delivery of medical care and strategic decision making. The concepts of market structure, risk pooling, and the basic tools of accounting and financial management are presented within the framework of healthcare organizations. Primary content areas of corporate finance as applied to healthcare delivery include cost analysis, time value of money, capital budgeting techniques and cash flow analysis. Students will have the opportunity to reflect on the importance of ethical leadership and collaborative practice in making economic and financial decisions for patient care practices.