Hospital Management and Health Economics

On completion of this course you should be able to:

• Review and understand the various types of financial decisions healthcare providers make and a more user-friendly approach to the topics presented:
• Explain the effects of health reform and the Affordable Care Act on financial management Consolidation of content about health insurance and payments to providers.
•  Illustrate key concepts through the Integrative Applications present in-depth practice problems.
• Simulates the most interesting real-world situations through anecdotal sidebars connected with the course.
• Obtain a package of key equations in one place to get a handy summary of the most important mathematical formulas and variable definitions.

CONTENT

The Healthcare Environment

• Introduction to Healthcare Financial Management
• The Third-Party-Payer System

Basic Financial Management Concepts

• Time Value Analysis
• Financial Risk and Required Return

Capital Acquisition

• Debt Financing
• Equity Financing and Investment Banking
• Securities Valuation, Market Efficiency, and Debt Refunding
• Lease Financing

Cost of Capital and Capital Structure

• Cost of Capital
• Capital Structure Decisions

Capital Allocation

• The Basics of Capital Budgeting
• Project Risk Analysis

Financial Condition Analysis and Forecasting

• Financial Condition Analysis
• Financial Forecasting

Other Topics

• Working Capital Management
• Business Valuation, Mergers, and Acquisitions
• Capitation, Rate Setting, and Risk Sharing
• Financial Risk Management 

FOR WHOM:

Relevant Healthcare Practitioners

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.