The increasing complexity of health care costs can be difficult to decipher. Understanding financial terminology is financial literacy. Reading the numbers and knowing what they represent is financial acumen. Whether you are budgeting and forecasting for a small unit or an entire department, the ability to make sound financial decisions is an essential skill for managers.

However, developing financial acumen is not just for managers—a truly innovative organization is comprised of employees who can think critically about the processes and systems in their department. Cultivating employees' knowledge of the financial underpinnings of systems and processes is more likely to encourage critical thinking and lead to new ideas and solutions in health care delivery.

Health Care Finance for Non-Financial Managers

 

Course Format: Online

Course runs from: November 2013 - January 2014

 

Health Care Finance for Non-Financial Managers offers students who do not have a finance background the opportunity to learn about and practice financial management as those disciplines apply to health care institutions. By the end of the course, students will have a basic understanding of financial accounting and reporting, financial analysis, managerial and cost accounting, and budgeting. Students will be able to apply financial techniques to the analysis of the health care environment, to improving value in health care services and to organizational decision making.

Registration opens in September 2013.

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