Required Texts and Resources: There is one required text for this course: Gapenski, L.C. & Reiter K.L. (2016) 6th Edition Healthcare Finance: An Introduction to Accounting and Financial Management. Chicago, IL: Health Administration Press ISBN-13: 978-1567937411. The course is designed to: • Describe elements of financial management and the role of the health care manager. • Discuss trend analysis and forecasting as management tools. • Discuss budgets including components of flexible budgets and budget variance analysis. • Discuss the time value of money and application to managerial decisions. • Describe financial reports such a balance sheet, statement of revenue and expense and cash flow. • Discuss applications of ratio analysis and their use in managerial decisions • Develop ability to compare and select the most financially feasible long-term financing options.
