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Apr 19, 2024
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IHS 4202 - Financial Innovation and Growth Strategies in Healthcare
This course examines the basic financial management skills and accounting processes unique to the healthcare delivery system and the responsibilities of managers and leaders in applying them. In addition, this course will explore the specifics of revenue generating strategies through growth and innovation in healthcare.
Requisites: IHS 4200 and (Jr or Sr)
Credit Hours: 3
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes: - Students will be able to describe basic financial analysis techniques, including variance analysis.
- Students will be able to describe financial management techniques to current issues and problems in healthcare management.
- Students will be able to apply techniques for uncovering customer insights and translating those insights into strategic advantage.
- Students will be able to describe the responsibilities for staff, managers, and leaders regarding internal financial controls.
- Students will be able to describe basic accounting processes and financial management concepts in relation to a healthcare manager’s typical responsibilities.
- Students will be able to interpret key features of market analyses, market opportunities and market positioning.
- Students will be able to describe the importance of revenue generation and growth in managing a healthcare enterprise.
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