Course

Healthcare Financial Management Fundamentals

Northeastern University

Healthcare Financial Management Fundamentals is a comprehensive course that delves into the intricacies of financial management in healthcare organizations. This continuation of "Intro to Finance in Healthcare" equips learners with the essential knowledge and skills needed to navigate the financial landscape within the healthcare sector. Through this course, participants will gain a deeper understanding of accounting and finance basics, enabling them to interpret financial statements and assess the financial health of healthcare organizations. The course modules cover a range of essential topics, including long-term financing, financial planning and analysis, and financial condition analysis.

Throughout the course, learners will explore key concepts such as assets, liabilities, equity, and cash flow within healthcare organizations. They will also gain insights into the development of health insurance products, funds flow in healthcare, and the critical role of risk management in the healthcare industry. With a focus on financial planning and analysis, participants will learn about budgeting methodologies, variance analysis, and capital budgeting, preparing them to assess the financial performance of healthcare organizations effectively.

Moreover, the course provides a detailed overview of long-term financing, covering aspects such as types of long-term debt, credit ratings, and debt compliance provisions. Learners will also delve into financial condition analysis, exploring ratio analysis, analytical techniques, and benchmarking to evaluate the financial standing of healthcare organizations.

This course offers a dynamic learning experience, engaging participants in course projects, discussions, and content quizzes to reinforce their understanding. By the end of the program, learners will emerge equipped with the knowledge and skills necessary to navigate the complexities and challenges of financial management within healthcare organizations.

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Healthcare Financial Management Fundamentals
Course Modules

Healthcare Financial Management Fundamentals offers a comprehensive exploration of financial management in healthcare, covering assets, liabilities, equity, financial planning and analysis, long-term financing, and financial condition analysis.

Assets, Liabilities, and Equity

The Assets, Liabilities, and Equity module introduces learners to the foundational elements of financial statements, including balance sheet basics, capital structure, and the accounting cycle. Participants gain insights into the key components that constitute financial statements and their significance in assessing the financial health of healthcare organizations.

Financial Planning & Analysis (FP&A)

The Financial Planning & Analysis (FP&A) module delves into the intricacies of budgeting methodologies, variance analysis, and capital budgeting, providing learners with the essential skills to assess the financial performance of healthcare organizations effectively. Participants will also explore the key functions of an FP&A department and prepare a business plan as part of the course.

Long-Term Financing

The Long-Term Financing module offers a comprehensive overview of long-term debt, credit ratings, debt compliance provisions, and the valuation models involved in long-term financing. Participants will engage in a practice exercise and explore the process of forming an acquisition plan within the context of healthcare financial management.

Financial Condition Analysis

The Financial Condition Analysis module equips learners with the skills to conduct ratio analysis, benchmarking, and assess the financial standing of healthcare organizations. Through analytical techniques and limitations of financial condition analysis, participants gain a thorough understanding of evaluating financial performance in the healthcare sector.

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