Course Overview
Course Code & Title: HCM 565 – Healthcare Finance
Credit Hours: 3 credit hours
Contact Hours: 3
Language of Instruction: English
In the Healthcare Finance course, students will gain the skills needed to apply financial principles within healthcare organizations. The course focuses on topics such as financial statements, revenue cycles, reimbursement methods, cost allocation, and capital investment decisions. Students will also learn about budgeting, working capital management, financial forecasting, and financial performance metrics.
Learning Outcomes
By the end of HCM 565, students should be able to:
Understand financial management principles specific to healthcare organizations.
Apply the time value of money, cost allocation methods, and reimbursement strategies within healthcare settings.
Analyze and interpret financial statements to measure the financial health of healthcare organizations.
Evaluate capital investment decisions, financial performance, and strategic financial forecasting in healthcare.
Utilize financial modeling tools to support budgeting and decision-making in healthcare environments.
Major Topics Covered
Introduction to Healthcare Financial Management
Time Value of Money & Discounted Cash Flow
Healthcare Financial Statements & Ratio Analysis
Capital Budgeting: NPV, IRR, and Payback Period
Revenue Cycle & Reimbursement Methods
Working Capital & Cash Flow Management
Cost Allocation & Indirect Cost Distribution
Financial Forecasting & Budgeting
Staffing Costs & Turnover Forecasting
Financial Planning & Strategic Decisions
Assessment, Grading & Resources
Assessment Components: Quizzes, assignments, mid-term exam, final exam, case studies, and financial modeling projects.
Textbook: Gapenski’s Understanding Healthcare Financial Management or equivalent.
Additional Resources: Publisher’s casebooks, peer-reviewed journal articles, financial modeling tools.
Prerequisites & Course Level
Prerequisite: HCM 500 (Healthcare Systems)
Level: Graduate (MHA program)
Quick Facts
| Item | Detail |
|---|---|
| Credits | 3 (core in SEU’s MHA program) |
| Total Program Credits | 36 credits (Master’s in Healthcare Administration) |
| Duration | 4 semesters (core courses across semesters) |
| Delivery Format | Blended (online + in-person) |
| Best Suited For | MHA students, healthcare management leaders, and healthcare finance professionals |
Mastering HCM 565 – Healthcare Finance takes more than reading textbooks. If you’re facing challenges with financial modeling, budgeting techniques, or applying financial concepts in real-world healthcare scenarios, Basit Academy tutors are here to help.
At Basit Academy, we connect you with experienced tutors who specialize in healthcare finance and understand the unique challenges of HCM 565. We’ll guide you step-by-step to ensure you grasp the essential concepts, excel in assignments, and apply financial strategies confidently in your healthcare career.