Strategic Financial Management in Healthcare
HCAD 645 | 3 Credits
Course Desc: Prerequisite: HCAD 640. An in-depth study of the concepts and competencies needed to plan the usage and management of enterprise financial resources to achieve long-term organizational objectives and return maximum value in a volatile healthcare finance environment. Emphasis is on identifying and quantifying available or potential resources, devising a plan for utilizing finances and other capital resources to achieve goals, and capital budgeting and management. Topics also include risk analysis, multiple financing methods, supply chain costs, valuation, and mergers and acquisitions. Current accounts and working capital management are explored, as are strategic planning and financial forecasting. Macroeconomic principles are investigated as they relate to the healthcare system. Analysis covers free market and mixed market economies, barriers to free market economies, and the application of macroeconomics as an analytical tool to craft economic and fiscal policy.