Health 301: Healthcare Finance and Budgeting

Healthcare organizations today must pay as much attention to their financial performance as they do patient care. Thus they must have a firm grasp of finances. This course helps you learn skills to improve your organization's finances & get you a job

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Course Curriculum

1. Introduction
1. Introduction
2. Healthcare Finance
3. Two Types of Healthcare Finance Specialties
4. Lesson Summary
5. 1.1 quiz
1. Introduction
2. Healthcare Financial Management
3. Functions of Healthcare Financial Management
4. Importance of Financial Management in Healthcare
5. Lesson Summary
6. 1.2 quiz
1. Introduction
2. The Finance Department
3. Communicating Financial Information
4. Challenges
5. Finance Department Structure
6. Lesson Summary
7. 1.3 quiz
1. Introduction
2. Financial vs. Managerial Accounting
3. Financial Accounting
4. Managerial Accounting
5. Lesson Summary
6. 1.4 quiz
1. Introduction
1. Introduction
2. Organization and Ownership
3. Sole Proprietorship
4. Partnership
5. Corporation
6. Limited Liability Corporation
7. Lesson Summary
8. 2.1 quiz
1. Introduction
2. What is a Service Business?
3. The Service Business vs. the Product Business
4. The 5 I's in Service Business
5. Service Business Best Practices
6. The Offering
7. Funding Mechanism
8. Employee Management System
9. Customer Management System
10. Different Types of Business Services
11. What Are Some Examples of Service Business?
12. Lesson Summary
13. Frequently Asked Questions
14. 2.2 quiz
1. Introduction
2. What Is a Nonprofit Organization?
3. What Does Nonprofit Mean?
4. Business Plans and Board Governance of Nonprofit Organizations
5. Financial Information of Nonprofit Organizations
6. Importance of Nonprofit Organizations
7. Nonprofit Organization Examples
8. Lesson Summary
9. Frequently Asked Questions
10. 2.3 quiz
1. Introduction
2. What Is a Non-Profit Organization?
3. Establishing a Non-Profit Organization
4. Ability to Issue Taxed Exempt Debt
5. Lesson Summary
6. 2.4 quiz
1. Introduction
1. Introduction
2. So Many Options
3. What Are Health Services?
4. Types of Services
5. Types of Providers
6. Lesson Summary
7. Additional Activities
8. 3.1 quiz
1. Introduction
2. What is a Medical Practice?
3. Types of Medical Practice
4. Private Medical Practice
5. What is a Group Practice?
6. Employed Physician Practice
7. Other Types of Medical Practice
8. Lesson Summary
9. Frequently Asked Questions
10. 3.2 quiz
1. Introduction
2. Integrated Health Systems Defined
3. Integrated Health Systems: Types
4. The Impact & Benefits
5. Lesson Summary
6. 3.3 quiz
1. Introduction
2. Outpatient Care Definition
3. Types of Outpatient Care Centers
4. Outpatient Services
5. Outpatient Services in Hospitals
6. Outpatient Care Advantages
7. Lesson Summary
8. Frequently Asked Questions
9. 3.4 quiz
1. Introduction
2. Continuum of Care
3. In the Community
4. Homecare Services
5. Institutional Long-Term Care Services
6. Lesson Summary
7. 3.5 quiz
1. Introduction
2. What Are Hospitals?
3. Types of Hospitals
4. Licensure
5. Lesson Summary
6. 3.6 quiz
1. Introduction
1. Introduction
2. What is Financial Reporting?
3. Financial Reporting and Analysis
4. Financial Report Example
5. Balance Sheet for Company ABC as of December 31, 2020
6. Income Statement for Company ABC for the Year Ended December 31, 2020
7. Cash Flow Statement for Company ABC for the Year Ended December 31, 2020
8. Lesson Summary
9. Frequently Asked Questions
10. 4.1 quiz
1. Introduction
2. Malice or Mistake?
3. The Obvious Error & Sneaky Fraud
4. Preventing & Detecting Fraud
5. Lesson Summary
6. 4.2 quiz
1. Introduction
2. Healthcare Regulations
3. Principal Administrative Regulators
4. Healthcare Organizations
5. Healthcare Providers
6. Health Services
7. Lesson Summary
8. 4.3 quiz
1. Introduction
2. Fraud Affects Everyone
3. What Is Healthcare Fraud and Abuse?
4. Laws that Protect Against Fraud and Abuse
5. Lesson Summary
6. 4.4 quiz
1. Introduction
2. What is Healthcare Compliance
3. Healthcare Compliance Examples
4. Health Insurance Portability and Accountability Act (HIPAA)
5. Drug Enforcement Administration (DEA) and Food & Drug Administration (FDA)
6. Department of Health and Human Services and the Office of the Inspector General
7. What Does Healthcare Compliance Mean for Patients?
8. What Does Healthcare Compliance Mean for the Industry?
9. Lesson Summary
10. Frequently Asked Questions
11. 4.5 quiz
1. Introduction
1. Introduction
2. The Affordable Care Act
3. Guaranteed Coverage
4. Important Provisions of the ACA
5. Benefits of the ACA
6. Lesson Summary
7. 5.1 quiz
1. Introduction
2. What Is Health Insurance?
3. Fee-for-Service Plan
4. PPO & HMO
5. Point-of-Service (POS) Plans
6. HDHP & CDHP
7. Lesson Summary
8. 5.2 quiz
1. Introduction
2. What is a Third-Party Payer?
3. Healthcare costs, payers, and patients
4. Third-Party Payers: Different Organizational Models
5. Legal Issues
6. State legislatures have "mandated" or required health insurance coverage for certain conditions.
7. Federal laws also apply to health insurance such as:
8. Providers must also meet certain legal requirements, too.
9. Examples of Third-Party Payers
10. Lesson Summary
11. Frequently Asked Questions
12. 5.3 quiz
1. Introduction
2. Change Is The Name Of The Game
3. What Is A Third-Party Payer?
4. How Third-Party Payers Drive Up Healthcare Costs
5. Changing Third-Party Payer Models
6. From Fee-For-Service To Value-Based
7. Lesson Summary
8. 5.4 quiz
1. Introduction
2. What is Healthcare Reimbursement?
3. Healthcare Reimbursement Methods
4. Factors That Govern Healthcare Reimbursement Models
5. How are Hospitals Reimbursed for Their Services and Care?
6. Lesson Summary
7. Frequently Asked Questions
8. 5.5 quiz
1. Introduction
2. What is Capitation in Healthcare?
3. What is Capitation Payment?
4. How is Capitation Payment Determined?
5. Features of Capitation Payment Plans
6. Capitation Contract
7. Capitation Reimbursement
8. Types of Capitation
9. Examples of Capitation
10. Capitation vs Fee-For-Service
11. Advantages and Disadvantages of Capitation
12. Lesson Summary
13. Frequently Asked Questions
14. 5.6 quiz
1. Introduction
2. Value-Based Payment Structure
3. Reconciling Value-Based Payments
4. Tracking Quality Measures
5. Managing Margins as Revenue Drops
6. Implementing New Processes Under a New System
7. Lesson Summary
8. 5.7 quiz
1. Introduction
2. Diagnosis Coding Background
3. Diagnosis Code Definition
4. The ICD Code Uses
5. Lesson Summary
6. 5.8 quiz
1. Introduction
2. Coding for Medical Reimbursement
3. Basics of the ICD-10-CM System
4. Uses of the ICD-10-CM System
5. ICD-10-CM Impact on Coding
6. Lesson Summary
7. 5.9 quiz
1. Introduction
2. Billing and Coding Department
3. What is Current Procedural Terminology?
4. Uses of Current Procedural Terminology
5. Lesson Summary
6. 5.10 quiz
1. Introduction
1. Introduction
2. What are Operating Expenses?
3. Operating Expenses Examples
4. The Income Statement
5. How to Find Operating Expenses
6. Operating vs. Non-Operating Expenses
7. Lesson Summary
8. FAQs
9. Calculating Operating Expenses - A Business Case:
10. 6.1 quiz
1. Introduction
2. What Is Fixed Cost?
3. Fixed vs. Variable Costs
4. How Fixed Costs Affect Business
5. Fixed Cost Examples
6. Fixed Cost Formula
7. How to Find Fixed Cost
8. Fixed Costs: Short-Term vs. Long-Term
9. Fixed Costs vs. Sunk Costs
10. Average Fixed Cost
11. Business Cost Structure Analysis
12. Operating Language
13. Economies of Scale
14. Breakeven Analysis
15. Lesson Summary
16. 6.2 quiz
17. Additional Activities
1. Introduction
2. What Is Variable Costing?
3. Variable Cost Examples
4. Advantage of Variable Costs
5. Lesson Summary
6. 6.3 quiz
1. Introduction
2. What is Direct Cost?
3. Direct Costs vs. Indirect Costs
4. Direct Costs Importance
5. Direct Cost Types
6. Direct Costs to Calculate Production Costs
7. Direct Costs to Calculate Operating Expenses
8. How to Find Direct Costs
9. Direct Cost Examples
10. Lesson Summary
11. Frequently Asked Questions
12. 6.4 quiz
1. Introduction
2. Indirect Costs
3. Vary by Company
4. Lesson Summary
5. 6.5 quiz
1. Introduction
2. What Is Cost Allocation?
3. Types of Costs
4. Benefits of Cost Allocation
5. Cost Object and Cost Driver
6. Cost Allocation Process
7. Examples of Cost Allocation
8. What is Cost Allocation Used For?
9. Lesson Summary
10. FAQs
11. Activities
12. 6.6 quiz
1. Introduction
2. What is Depreciation Expense?
3. Physical Depreciation
4. Economic Depreciation
5. How is the Depreciation Expense Calculated?
6. Straight-line Depreciation Method
7. Output or Production Method
8. Double-Declining Balance Method
9. How to Recognize Depreciation Expenses in Financial Statements
10. Lesson Summary
11. Frequently Asked Questions
12. 6.7 quiz
1. Introduction
1. Introduction
2. Managing Money
3. Goals of Financial Management
4. Effects of Profit Maximization
5. Lesson Summary
6. 7.1 quiz
1. Introduction
2. What is the Revenue Cycle in Healthcare?
3. Patient Scheduling, Registration, and Treatment
4. Claims Processing
5. Payment Collection
6. Healthcare Revenue Cycle Best Practices
7. Lesson Summary
8. Frequently Asked Questions
9. 7.2 quiz
1. Introduction
2. The Importance of Accounts Receivable
3. Automating the System
4. Average Days in Receivables
5. Accounts Receivable Aging Schedules
6. Lesson Summary
7. 7.3 quiz
1. Introduction
2. Cash Management in a Healthcare Organization
3. Impact of Cash Management on Viability
4. Impact of Cash Management on Liquidity
5. Cash Management Practices in Healthcare Organizations
6. Lesson Summary
7. 7.4 quiz
1. Introduction
2. Cutting Hospital Costs
3. What is Supply Chain Management?
4. Supply Chain Management Process in Healthcare
5. Requisition of Purchases
6. Ordering, Receipts, and Payment
7. Storage
8. Lesson Summary
9. 7.5 quiz
1. Introduction
2. Why Healthcare Analysis is Important
3. Using Measurement Tools in Health Care Finance
4. Methods Used to Measure Health Care Finance
5. Lesson Summary
6. 7.6 quiz
1. Introduction
2. What is Cost-Benefit Analysis?
3. How To Perform a Cost-Benefit Analysis
4. Identify Options
5. Identify Stakeholders
6. Identify and Assign Dollar Values to All Costs and Benefits
7. Determine Net Present Value of Future Cash Flows
8. Conclude and Implement the Final Decision
9. Advantages of Cost-Benefit Analysis
10. Disadvantages of Cost-Benefit Analysis
11. Cost-Benefit Analysis Example
12. Lesson Summary
13. Frequently Asked Questions
14. 7.7 quiz
1. Introduction
2. Health Information Technology
3. The HIT Solution
4. The Lean Solution
5. Lesson Summary
6. 7.8 quiz
1. Introduction
1. Introduction
2. Accrual vs. Cash Basis Accounting
3. What is Cash Basis?
4. What is the Accrual Method?
5. Cash and Accrual Basis of Accounting Examples
6. Lesson Summary
7. Frequently Asked Questions
8. 8.1 quiz
1. Introduction
2. What is an Income Statement?
3. Income Statement Format
4. Income Statement Examples
5. Lesson Summary
6. Frequently Asked Questions
7. 8.2 quiz
1. Introduction
2. What is Revenue?
3. What is Revenue in Accounting?
4. What is Deferred Revenue?
5. Operating vs. Non-operating Revenue
6. What is an Income Statement?
7. Revenue Example
8. Unique Sources of Revenue
9. What is the Difference Between Revenue and Income?
10. Lesson Summary
11. Frequently Asked Questions
12. 8.3 quiz
1. Introduction
2. What Is Operating Income?
3. Operating Income as A Measure of Profitability
4. Understanding Operating Income
5. Operating Income Formula
6. Lesson Summary
7. 8.4 quiz
1. Introduction
2. What is Non-Operating Income?
3. Non-Operating Income Includes Losses
4. Example
5. Income Statements
6. Lesson Summary
7. 8.5 quiz
1. Introduction
2. What is Income?
3. What is Net Income?
4. Gross vs. Net Income
5. How to Calculate Net Income
6. Calculating Net Income Examples
7. Net Income For Individuals
8. Net Income For Businesses
9. Lesson Summary
10. Frequently Asked Questions
11. 8.6 quiz
1. Introduction
1. Introduction
2. What is a Balance Sheet?
3. Balance Sheet: Equation
4. Balance Sheet: Format
5. Importance of Balance Sheets
6. Balance Sheet Example
7. Lesson Summary
8. Frequently Asked Questions
9. 9.1 quiz
1. Introduction
2. What are Assets?
3. How to Classify Assets
4. Personal and Business Assets
5. Types of Assets
6. Timeframe of Assets
7. What is an Example of an Asset?
8. Lesson Summary
9. Frequently Asked Questions
10. 9.2 quiz
1. Introduction
2. What Are Current and Long-Term Liabilities?
3. Current Liability Examples
4. Long-Term Liability Examples
5. Lesson Summary
6. Learning Outcomes
7. 9.3 quiz
1. Introduction
2. What is Owner's Equity?
3. Owner's Equity Formula
4. How to Calculate Owner's Equity
5. Lesson Summary
6. Frequently Asked Questions
7. 9.4 quiz
1. Introduction
2. What is a Cash Flow Statement
3. Calculating Cash Flow
4. Importance of Cash Flow Statements
5. Statement of Cash Flows Example
6. Lesson Summary
7. Frequently Asked Questions
8. 9.5 quiz
1. Introduction
1. Introduction
2. What is a Financial Statement Analysis?
3. What is the Purpose of Financial Analysis?
4. What is the Financial Analysis Process?
5. Financial Analysis Ratio Examples
6. Examples of Financial Statements
7. Lesson Summary
8. FAQs
9. Activities
10. 10.1 quiz
1. Introduction
2. What Is a Financial Ratio?
3. Liquidity
4. Debt
5. Efficiency
6. Lesson Summary
7. Lesson at a Glance
8. Learning Outcomes
9. 10.2 quiz
1. Introduction
2. What Is Profitability Ratio?
3. Significance of Profitability Ratios
4. Profitability Ratio Formula
5. Gross Profit Margin
6. EBITDA Margin
7. Operating Profit Margin
8. Net Profit Margin
9. Cash Flow Margin
10. Return on Assets
11. Return on Equity
12. Profitability Ratios Examples
13. Lesson Summary
14. Frequently Asked Questions
15. 10.3 quiz
1. Introduction
2. What is a Liquidity Ratio?
3. Current Ratio
4. Acid Ratio
5. Cash Ratio
6. How to Calculate the Liquidity Ratio
7. Lesson Summary
8. Frequently Asked Questions
9. 10.4 quiz
1. Introduction
2. What is Leverage Ratio?
3. Leverage Ratio Examples
4. Types of Leverage
5. Operational Leverage
6. Financial Leverage
7. Combined Leverage
8. Leverage Ratio Formula
9. Lesson Summary
10. Frequently Asked Questions
11. 10.5 quiz
1. Introduction
2. What is Activity Ratio?
3. Types of Activity Ratio
4. Inventory Turnover Ratio
5. Total Assets Turnover Ratio
6. Fixed Assets Turnover Ratio
7. How to Improve Activity Ratios?
8. Lesson Summary
9. Frequently Asked Questions
10. 10.6 quiz
1. Introduction
2. What is Benchmarking?
3. Types of Benchmarking
4. Benchmarking Examples
5. Benchmarking Process
6. Lesson Summary
7. Frequently Asked Questions
8. 10.7 quiz
1. Introduction
2. What Is Profit Analysis?
3. Volume Changes on Profitability
4. Fee-For-Service versus Capitation Reimbursement
5. Lesson Summary
6. 10.8 quiz
1. Introduction
2. What Are Comparative Financial Statements?
3. Using Percentages Rather Than Raw Numbers
4. Analyzing Trends
5. Competitor Analysis
6. Lesson Summary
7. 10.9 quiz
1. Introduction
2. What is Discrete Event Simulation in Healthcare?
3. Applications of DES in Healthcare?
4. DES Process
5. Benefits of DES
6. Best Practices
7. Lesson Summary
8. 10.10 quiz
1. Introduction
2. What is Benchmarking in Healthcare?
3. What is the Purpose of Benchmarking?
4. Competitive, Strategic, and Internal Benchmarking
5. How to Gather Hospital Benchmarking Data
6. Examples of Hospital Benchmarking
7. Benefits of Benchmarking
8. Lesson Summary
9. Frequently Asked Questions
10. 10.11 quiz
1. Introduction
1. Introduction
2. What is the Average Length of Stay?
3. Understanding the Calculation
4. Occupancy Rate
5. Applying the Ratios
6. Lesson Summary
1. Introduction
2. Determining the Number of Admissions and Readmissions at a Health Care facility
3. The Daily Admission Rate
4. Tracking Readmissions
5. Lesson Summary
1. Introduction
2. Daily Census and Claims Denials
3. Calculating the Daily Census
4. Determining Claims Denial Rate
5. Lesson Summary
1. Introduction
2. Healthcare Collections and Reports
3. Determining Collection Rates
4. Interpreting the Aging Report
5. Calculating the Days in Receivables
6. Lesson Summary
1. Introduction
1. Introduction
2. What is Strategic Planning in Business?
3. What does the Strategic Plan Look Like?
4. What Strategic Planning is Not
5. Goals, Strategies, and Tactics
6. Strategic Plan Example
7. Lesson Summary
8. Frequently Asked Questions
9. 12.1 quiz
1. Introducation
2. What Is Operational Planning?
3. Operational Plan Example
4. Why Use an Operational Plan?
5. Types of Business Operational Plans
6. Characteristics of an Operational Plan
7. Creating an Operational Plan
8. Lesson Summary
9. Frequently Asked Questions
10. 12.2 quiz
1. Introduction
2. Budget: Definition
3. What is an Operating Budget?
4. Operating Budget Importance
5. Key Principles of Budget Development
6. Components of a Basic Operating Budget
7. Known Expenses
8. Future Costs
9. Future Income
10. Lesson Summary
11. Frequently Asked Questions
12. 12.3 quiz
1. Introduction
2. What Is a Financial Forecast?
3. Qualitative Methods
4. Lesson Summary
5. 12.4 quiz
1. Introduction
2. What is Budget Variance?
3. Budget Variance Analysis
4. Calculating Budget Variance
5. Lesson Summary
6. Frequently Asked Questions
7. 12.5 quiz
1. Introduction
2. What Is Capital Budgeting?
3. Capital Budgeting Examples
4. Capital Budgeting Decisions
5. Capital Budgeting Techniques
6. Payback Period
7. Net Present Value Analysis
8. Lesson Summary
9. Frequently Asked Questions
10. 12.6 quiz
1. Introduction
2. Understanding Capital Projects
3. Mandatory Replacement
4. Discretionary Replacement
5. Expansion of Existing Services
6. Expansion into New Services
7. Safety and Environmental Projects
8. Other Projects
9. Lesson Summary
10. 12.7 quiz
1. Introduction
2. What Is a Financial Policy?
3. What Is Cost of Capital?
4. Relationship
5. Lesson Summary
6. 12.8 quiz
1. Introduction
2. What is Debt Capital?
3. Types of Debt Capital
4. Pros and Cons of Debt Capital
5. Debt Capital Example
6. What is Equity Capital?
7. Types of Equity Capital
8. Pros and Cons of Equity Capital
9. Equity Capital Examples
10. Equity vs. Debt Capital
11. Lesson Summary
12. Frequently Asked Questions
13. 12.9 quiz
1. Introduction
1. Introduction
2. What Is Risk?
3. The Five Risk Categories Analyzed
4. Managing Risk
5. Mitigating Risk
6. Lesson Summary
7. 13.1 quiz
1. Introduction
2. What is Financial Risk?
3. Types of Financial Risk
4. What is Financial Risk Management?
5. Lesson Summary
6. FAQs
7. Activities
8. 13.2 quiz
1. Introduction
2. What is Cash Flow?
3. Cash Flow vs. Profit
4. Types of Cash Flow
5. Examples of Cash Outflow and Inflow
6. Understanding Project Operating Cash Flow
7. Lesson Summary
8. Frequently Asked Questions
9. 13.3 quiz
1. Introduction
2. How Much Is Enough?
3. How Much Is Just Enough?
4. Break-Even Calculation
5. Making It Work
6. Margin of Safety
7. Lesson Summary
8. 13.4 quiz
1. Introduction
2. What is Marginal Analysis?
3. Marginal Analysis Formula
4. Marginal Benefit Formula
5. Marginal Cost Analysis
6. Marginal Analysis Example
7. Lesson Summary
8. Frequently Asked Questions
9. 13.5 quiz
1. Introduction
2. What is Internal Rate of Return?
3. Importance and Uses of Internal Rate of Return
4. Internal Rate of Return Formula
5. How to Calculate IRR
6. What is a Good IRR?
7. Lesson Summary
8. Frequently Asked Questions
9. 13.6 quiz
1. Introduction
2. Net Present Value and Capital Budgets
3. Capital Projects
4. Net Present Value Calculation
5. Decision Rules
6. Lesson Summary
7. 13.7 quiz
1. Introduction
2. What is Contribution Margin?
3. Importance of Contribution Margin
4. How to Calculate Contribution Margin
5. Contribution Margin Examples
6. Lesson Summary
7. Frequently Asked Questions
8. 13.8 quiz
1. Introduction
2. Improving Healthcare Planning
3. What is Benchmarking?
4. Purpose for Benchmarking
5. Questions to Ask During Benchmarking
6. Benchmarking Data
7. Lesson Summary
8. 13.9 quiz
1. Introduction
1. Introduction
2. What is FTE?
3. How to Calculate FTE
4. Full-Time Equivalent Examples
5. FTE Use
6. FTE Importance
7. Lesson Summary
8. Frequently Asked Questions
9. 14.1 quiz
1. Introduction
2. Staffing Needs
3. Forecasting
4. Factors Necessary for Forecasting Healthcare Needs
5. Putting It Into Practice
6. Lesson Summary
7. 14.2 quiz
1. Introduction
2. Hospital Mission Statement
3. Staffing Affects Quality
4. Patient Flow
5. Length Of Stay
6. Patient Morbidity And Mortality
7. Quality Affects Profitability
8. CMS Nonreimbursement Policy
9. Staff Turnover Is Expensive
10. What Should Administrators Do?
11. Lesson Summary
12. 14.3 quiz
1. Introduction
2. What Is Prevailing Wage?
3. Wage Rates
4. History of the Prevailing Wage
5. How Does Prevailing Wage Work?
6. What Are Applications of the Prevailing Wage Rate?
7. Support and Opposition for Prevailing Wage
8. Positives of Prevailing Wage
9. Negatives of a Prevailing Wage
10. Lesson Summary
11. Frequently Asked Questions
12. 14.4 quiz
1. Introduction
1. Introduction
2. Healthcare Reform Basics
3. Consumer Options
4. What Reforms Are in the Works?
5. Checks and Balances in Reform
6. Lesson Summary
7. 15.1 quiz
1. Introduction
2. Accountable Care Organizations
3. What Is an ACO?
4. Goals and Objectives of ACOs
5. Healthcare Organizations Involvement in ACOs
6. Lesson Summary
7. 15.2 quiz
1. Introduction
2. Creating a Medical Home Model
3. What is a Medical Home?
4. The Medical Home Model
5. Functions of the Medical Home
6. Lesson Summary
7. 15.3 quiz
1. Introduction
2. Information Technology & Healthcare
3. What Is Information Technology?
4. The Effect on Healthcare
5. A New Approach: Informatics
6. Lesson Summary
7. Additional Activities
8. 15.4 quiz
1. Introduction
2. Technology and Healthcare Mix Well
3. Health and Direct Patient Care
4. Advances to Support Care Outside of the Hospital
5. Technology's Impact on Healthcare Cost
6. Lesson Summary
7. 15.5 quiz
1. Introduction
2. Health Records: Paper or Electronic?
3. Origin of the Electronic Health Record
4. Benefits of Transitioning
5. Meaningful Use and the EHR Movement
6. Lesson Summary
7. 15.6 quiz
1. Introduction
1. Healthcare Finance & Budgeting - Assignment 1: Accountable Care Organizations
1. Healthcare Finance & Budgeting - Assignment 2: Operating Budget
1. Assignment
1. Final Exam

About this course

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Ch 1. Introduction to Healthcare Finance

Lesson 1.1 Healthcare Finance: Definition, Function & Specialization

Lesson 1.2 Financial Management in Healthcare Organizations: Roles & Functions

Lesson 1.3 Finance Department in Healthcare Organizations: Role & Structure

Lesson 1.4 Comparing Financial & Managerial Accounting

Ch 2: Organizational Structure in Healthcare

Lesson 2.1 Organizational Structure & Ownership of a Business

Lesson 2.2 What Is a Service Business?

Lesson 2.3 What Is a Non-Profit Business? - Definition & Example Business Plan

Lesson 2.4 Tax Advantages of Non-Profit Businesses

Ch 3: Healthcare Organizations & Services

Lesson 3.1 Health Services: Definition, Types & Providers

Lesson 3.2 Types of Medical Practices: Advantages & Disadvantages

Lesson 3.3 Integrated Health Systems: Definition & Types

Lesson 3.4 What is Outpatient Care? - Definition & Examples

Lesson 3.5 Long-Term Care Service: Definition & Types

Lesson 3.6 Hospitals: Types, Function & Licensing

Ch 4: Financial Reporting in Healthcare

Lesson 4.1 What Is Financial Reporting? - Purpose, Statement Examples & Analysis

Lesson 4.2 Error vs. Fraud in Financial Reporting

Lesson 4.3 Federal & State Regulation of Healthcare Organizations & Providers

Lesson 4.4 Healthcare Fraud & Abuse Laws in Medicare & Medicaid

Lesson 4.5 What is Healthcare Compliance? - Patients & Industry

Ch 5: Health Insurance & Reimbursement

Lesson 5.1 The Affordable Care & Patient Protection Act: Key Provisions

Lesson 5.2 Health Insurance: Types & Concept

Lesson 5.3 Third-Party Payers: Types, Roles & Regulations

Lesson 5.4 Impact of Third-Party Payment Systems on Healthcare Organizations

Lesson 5.5 Insurance Reimbursement Methods in Health Care

Lesson 5.6 Healthcare Capitation: Definition, Incentives & Risk

Lesson 5.7 Transitioning to Value-Based Reimbursement

Lesson 5.8 What is a Diagnosis Code? - Definition & Uses

Lesson 5.9 What is the ICD-10-CM System? - Basics & Uses

Lesson 5.10 Current Procedural Terminology (CPT): Definition & Uses

Ch 6: Estimating Healthcare Costs

Lesson 6.1 Operating Expenses: Definition, Formula & Examples

Lesson 6.2 Fixed Costs: Definition, Formula & Examples

Lesson 6.3 Variable Costing: Method, Formula & Advantages

Lesson 6.4 Direct Cost: Definition, Formula & Examples

Lesson 6.5 What Are Indirect Costs? - Definition & Examples

Lesson 6.6 Cost Allocation: Definition, Terms & Examples

Lesson 6.7 Depreciation: Definition, Formula & Examples

Ch 7: Healthcare Financial Management

Lesson 7.1 What Are the Goals of Financial Management?

Lesson 7.2 What is Healthcare Revenue Cycle? - Definition & Steps

Lesson 7.3 Responsibility-Based A/R Reporting in Health: Definition & Purpose

Lesson 7.4 Cash Management in Healthcare Systems

Lesson 7.5 Financial Supply Chain Management in Healthcare

Lesson 7.6 Measurement Tools & Methods Used in Healthcare Finance

Lesson 7.7 Understanding & Using Cost-Benefit Analysis

Lesson 7.8 Managing Costs & Revenues in Healthcare Organizations

Ch 8: Accounting & Income Statements in Healthcare

Lesson 8.1 The Differences Between Accrual & Cash-Basis Accounting

Lesson 8.2 What Is an Income Statement? - Purpose, Components & Format

Lesson 8.3 What Is Revenue? - Definition & Concept

Lesson 8.4 Operating Income within a Healthcare Organization

Lesson 8.5 Non-Operating Income within a Healthcare Organization

Lesson 8.6 What Is Net Income? - Definition & Formula

Ch 9: Using Balance Sheets in Healthcare Finance

Lesson 9.1 The Balance Sheet: Purpose, Components & Format

Lesson 9.2 What Are Assets? - Definition & Examples

Lesson 9.3 Current & Long-Term Liabilities: Definition & Characteristics

Lesson 9.4 How to Calculate Owner's Equity: Definition, Formula & Examples

Lesson 9.5 The Statement of Cash Flows: Purpose, Format & Examples

Ch 10: Financial Assessment in Healthcare

Lesson 10.1 Financial Statement Analysis: Definition, Purpose, Elements & Examples

Lesson 10.2 Defining and Applying Financial Ratio Analysis

Lesson 10.3 Profitability Ratio: Definition, Formula, Analysis & Example

Lesson 10.4 Liquidity Ratio: Definition, Calculation & Analysis

Lesson 10.5 Leverage Ratios: Types & Formula

Lesson 10.6 Activity Ratios: Definition, Formula & Analysis

Lesson 10.7 What is Benchmarking? - Definition, Types, Process & Examples

Lesson 10.8 Profit Analysis in Healthcare

Lesson 10.9 Comparative Financial Statements: Definition & Advantages

Lesson 10.10 Discrete Event Simulation for Healthcare Organizations

Lesson 10.11 Benchmarking in Healthcare: Definition, Types & Benefits

Ch 11: Health Care Calculations & Case Studies

Lesson 11.1 Health Care Ratios & Formulas: Average Length of Stay & Occupancy Rate

Lesson 11.2 Health Care Ratios & Formulas: Average Daily Admissions & Readmission Average

Lesson 11.3 Health Care Ratios & Formulas: Average Census & Claim Rate Denial