MHA 5001, Health Care Financial Management

MHA 5001, Health Care Financial Management

Course Description

Utilizes standard financial tools to manage health care organization capital resources. Topics include capital funding,

project management, costing and budgetary methods, capital formation, and infrastructure investment strategies.

Course Textbook

Finkler, S. A. (2010). Financial management for public, health, and not-for-profit organizations (3rd ed.).

Upper Saddle River, NJ: Prentice Hall.

Course Learning Objectives

Upon completion of this course, students should be able to:

1. Explain the basic concepts of financial management in health care organizations.

2. Explain and apply the methodology for practical application of financial management procedures in a health care

setting.

3. Explain and illustrate what is necessary for managing short-term and long-term assets and liabilities of health care

firms.

4. Explain and illustrate the similarities and differences among the major approaches to valuation for health care

firms.

5. Distinguish between variable versus fixed costs and direct versus indirect costs for a health service or process.

6. Calculate net present value, internal rate of return, and profitability indexes given assumed cash flows and

discount rates in health care operations.

7. Define and measure total and systematic project risk in health care processes.

8. Compare and contrast the choices for external financing faced by health care organizations.

9. Compare and contrast the relationship between the cost of capital for a not-for-profit healthcare provider and an

equivalent taxable corporation.

10. Discuss and evaluate the basic principles of working capital management as rooted in controlling opportunity

costs in health care firms.

11. Explain and discuss the financial approach to strategic health care planning and how to participate effectively in

that process.

12. Differentiate between change, innovation, and learning within health care organization and cite the tools and

strategies for developing them.

13. Explain organizational performance and the manager’s role in creating high-performance health care

organizations.

14. Discuss the future of individuals and groups within organizations and the managerial role pertaining to future

demands.

Credits

Upon completion of this course, the students will earn three (3) hours of college credit.

Course Structure

1. Unit Learning Objectives: Each unit contains Unit Learning Objectives that specify the measurable skills and

knowledge students should gain upon completion of the unit.

2. Written Lectures: Each unit contains a Written Lecture, which discusses lesson material.

MHA 5001, Health Care

Financial Management

Course Syllabus

MHA 5001, Health Care Financial Management 2

3. Reading Assignments: Each unit contains Reading Assignments from one or more chapters in the textbook.

Supplemental Readings are provided in the unit study guides to aid students in their course of study.

4. Learning Activities (Non-Graded): There are non-graded Learning Activities in Units I, II, III, IV, VI, and VII to

aid students in their course of study.

5. Key Terms: Key terms are intended to guide students in their course of study. Students should pay particular

attention to Key Terms as they represent important concepts within the unit material and reading.

6. Discussion Boards: Discussion Boards are a part of all CSU term courses. Information and specifications

regarding these assignments are provided in the Academic Policies listed in the Course Menu bar.

7. Assessments: This course contains eight Unit Assessments, one to be completed at the end of each unit.

Assessments for Units I, IV, VI, and VII are composed of written response questions to be completed directly in

Blackboard. Assessments for Units II, III, V, and VIII are composed of Case Studies from the course textbook and

are to be submitted to Blackboard as file responses.

8. Unit Assignments: Students are required to submit for grading Unit Assignments in Units II, III, V, VII, and VIII.

Specific information and instructions regarding this assignment are provided below.

9. Ask the Professor: This communication forum provides you with an opportunity to ask your professor general or

course content related questions.

10. Student Break Room: This communication forum allows for casual conversation with your classmates.

Unit Assignments

Unit II Case Study

Read “The DMV” on pages 75-78 of your textbook, and complete questions 1-5 that begin at the bottom of page 77 and

continue to the top of page 78.

Also, complete all sections in problem 3-30 located on page 106 of your textbook.

Unit III Problem Solving

Complete the following problems from your textbook:

 4-34, 4-35, and 4-36 (p. 161)

 4-42 (p. 162)

 4-45 (p. 163)

 4-52 (p. 164)

 4-55 (p. 165)

Unit V Problem Solving

Solve the following problems from page 268 in your textbook: 7-29, 7-31, and 7-33.

Unit VII Case Study

Read “Individual Rehabilitation Services (IRS)” on pages 442-444 and complete the problem on page 443 using the data

provided below it.

Unit VIII Problem Solving

Solve problems 14-10, 14-11, and 14-12 found on pages 554-557 of your textbook.

Submitting Course Paper/Projects

To submit your completed assignments upload to Blackboard using the “Case Study” link located in Units II, III, V and VIII.

Do not e-mail your paper directly to your professor. By uploading your assignment into Blackboard, your university

record will automatically be updated to indicate you have submitted your paper and the paper will be provided to your

professor for grading.

MHA 5001, Health Care Financial Management 3

APA Guidelines

CSU requires that students use the APA style for papers and projects. Therefore, the APA rules for formatting, quoting,

paraphrasing, citing, and listing of sources are to be followed. A document titled “APA Guidelines Summary” is available

for you to download from the APA Guide Link, found in the Learning Resources area of the myCSU Student Portal. It may

also be accessed from the Student Resources link on the Course Menu. This document provides links to several internet

sites that provide comprehensive information on APA formatting, including examples and sample papers.

CSU Grading Rubric for Papers/Projects

The course papers will be graded based on the CSU Grading Rubric for all types of papers. In addition, all papers will be

submitted for electronic evaluation to rule out plagiarism. Course projects will contain project specific grading criteria

defined in the project directions. To view the rubric, click the Academic Policies link on the Course Menu, or by accessing

the CSU Grading Rubric link, found in the Learning Resources area of the myCSU Student Portal.

Communication Forums

These are non-graded discussion forums that allow you to communicate with your professor and other students.

Participation in these discussion forums is encouraged, but not required. You can access these forums with the buttons in

the Course Menu. Instructions for subscribing/unsubscribing to these forums are provided below.

Click here for instructions on how to subscribe/unsubscribe and post to the Communication Forums.

Ask the Professor

This communication forum provides you with an opportunity to ask your professor general or course content questions.

Questions may focus on Blackboard locations of online course components, textbook or course content elaboration,

additional guidance on assessment requirements, or general advice from other students.

Questions that are specific in nature, such as inquiries regarding assessment/assignment grades or personal

accommodation requests, are NOT to be posted on this forum. If you have questions, comments, or concerns of a nonpublic

nature, please feel free to email your professor. Responses to your post will be addressed or emailed by the

professor within 48 hours.

Before posting, please ensure that you have read all relevant course documentation, including the syllabus,

assessment/assignment instructions, faculty feedback, and other important information.

Student Break Room

This communication forum allows for casual conversation with your classmates. Communication on this forum should

always maintain a standard of appropriateness and respect for your fellow classmates. This forum should NOT be used to

share assessment answers.

Grading

Discussion Board (8 @ 2%) = 16%

Unit Assessments (8 @ 4%) = 32%

Case Studies (2 @ 11%) = 22%

Problem Solving (3 @ 10%) = 30%

Total =100%

Course Schedule/Checklist (PLEASE PRINT)

The following pages contain a printable Course Schedule to assist you through this course. By following this schedule,

you will be assured that you will complete the course within the time allotted.

MHA 5001, Health Care Financial Management 4

MHA 5001, Health Care Financial Management Course Schedule

By following this schedule, you will be assured that you will complete the course within the time allotted. Please keep this

schedule for reference as you progress through your course.

Unit I Introduction

Review:  Unit Lesson Guide

 Learning Activities: See Study Guide

Read:  Chapter 1: Introduction to Financial Management

 Supplemental Reading: See Study Guide

Discuss:  Discussion Board Response: Submit your response to the Discussion Board question by

Saturday, Midnight (Central Time)

Submit:  Assessment by Tuesday, Midnight (Central Time)

Notes/Goals:

Unit II Planning I

Review:  Unit Lesson Guide

 Learning Activities: See Study Guide

Read:

 Chapter 2: Planning for Success: Budgeting

 Chapter 3: Additional Budgeting Concepts

 Supplemental Reading: See Study Guide

Discuss:

 Discussion Board Response: Submit your response to the Discussion Board question by

Saturday, Midnight (Central Time)

 Discussion Board Comment: Comment on another student’s Discussion Board response by

Tuesday, Midnight (Central Time)

Submit:  Assessment by Tuesday, Midnight (Central Time)

 Case Study by Tuesday, Midnight (Central Time)

Notes/Goals:

MHA 5001, Health Care Financial Management 5

MHA 5001, Health Care Financial Management Course Schedule

Unit III Planning II

Review:  Unit Lesson Guide

 Learning Activities: See Study Guide

Read:

 Chapter 4: Understanding Costs

 Appendix 4-A:Additional Break-Even Analysis Issues

 Supplemental Reading: See Study Guide

Discuss:

 Discussion Board Response: Submit your response to the Discussion Board question by

Saturday, Midnight (Central Time)

 Discussion Board Comment: Comment on another student’s Discussion Board response by

Tuesday, Midnight (Central Time)

Submit:  Assessment by Tuesday, Midnight (Central Time)

 Problem Solving by Tuesday, Midnight (Central Time)

Notes/Goals:

Unit IV Planning III

Review:  Unit Lesson Guide

 Learning Activities: See Study Guide

Read:

 Chapter 5: Capital Budgeting

 Chapter 6: Long-Term Financing

 Supplemental Reading: See Study Guide

Discuss:

 Discussion Board Response: Submit your response to the Discussion Board question by

Saturday, Midnight (Central Time)

 Discussion Board Comment: Comment on another student’s Discussion Board response by

Tuesday, Midnight (Central Time)

Submit:  Assessment by Tuesday, Midnight (Central Time)

Notes/Goals:

MHA 5001, Health Care Financial Management 6

MHA 5001, Health Care Financial Management Course Schedule

Unit V Implementing and Controlling Results

Review:  Unit Lesson Guide

Read:

 Chapter 7: Managing Short-Term Resources and Obligations

 Chapter 8: Accountability and Control

 Supplemental Reading: See Study Guide

Discuss:

 Discussion Board Response: Submit your response to the Discussion Board question by

Saturday, Midnight (Central Time)

 Discussion Board Comment: Comment on another student’s Discussion Board response by

Tuesday, Midnight (Central Time)

Submit:  Assessment by Tuesday, Midnight (Central Time)

 Problem Solving by Tuesday, Midnight (Central Time)

Notes/Goals:

Unit VI Reporting Results I

Review:  Unit Lesson Guide

 Learning Activities: See Study Guide

Read:

 Chapter 9: Taking Stock of Where You Are: The Balance Sheet

 Chapter 10: Reporting the Results of Operations: The Activity and Cash Flow Statements

 Supplemental Reading: See Study Guide

Discuss:

 Discussion Board Response: Submit your response to the Discussion Board question by

Saturday, Midnight (Central Time)

 Discussion Board Comment: Comment on another student’s Discussion Board response by

Tuesday, Midnight (Central Time)

Submit:  Assessment by Tuesday, Midnight (Central Time)

Notes/Goals:

MHA 5001, Health Care Financial Management 7

MHA 5001, Health Care Financial Management Course Schedule

Unit VII Reporting Results II

Review:  Unit Lesson Guide

 Learning Activities: See Study Guide

Read:  Chapter 11: Unique Aspects of Accounting for Not-for-Profit and Health Care Organizations

 Supplemental Reading: See Study Guide

Discuss:

 Discussion Board Response: Submit your response to the Discussion Board question by

Saturday, Midnight (Central Time)

 Discussion Board Comment: Comment on another student’s Discussion Board response by

Tuesday, Midnight (Central Time)

Submit:  Assessment by Tuesday, Midnight (Central Time)

 Case Study by Tuesday, Midnight (Central Time)

Notes/Goals:

Unit VIII Financial Analysis

Review:  Unit Lesson Guide

Read:  Chapter 14: Financial Statement Analysis

 Supplemental Reading: See Study Guide

Discuss:

 Discussion Board Response: Submit your response to the Discussion Board question by

Saturday, Midnight (Central Time)

 Discussion Board Comment: Comment on another student’s Discussion Board response by

Tuesday, Midnight (Central Time)

Submit:  Assessment by Tuesday, Midnight (Central Time)

 Problem Solving by Tuesday, Midnight (Central Time)

Notes/Goals:

MHA 5001, Health Care Financial Management