HCL415 Financial and Physical Resource Administration

This course explores and analyzes the application of principles involved in managing the financial and physical resources in health care settings. Students will focus on concepts dealing with third party reimbursement, budget development, expenditure control, record keeping, inventory control, equipment purchases, and departmental facility planning. Students will be introduced to the use of fundamental financial information and data, including income statement and the balance sheet. Students will use these statements and such tools as ratio analysis, time value of money and capital budgeting to perform a cursory evaluation of the overall financial health of an organization. Prerequisite(s): Admission to the Health Care Leadership Program and successful completion of the first year Health Care Leadership (HCL) program courses:HCL 300, HCL 310, HCL 315, HCL 320, HCL 325, HCL 330, HCL 335, HCL 340, HCL 345. 4 quarter hours