COURSE INTRODUCTION AND APPLICATION INFORMATION

Course Name
Financial Management for Healthcare Institutions
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
HIM 301
Fall
3
0
3
6
Prerequisites
None
Course Language
English
Course Type
Required
Course Level
-
Mode of Delivery -
Teaching Methods and Techniques of the Course
Course Coordinator -
Course Lecturer(s)
Assistant(s) -
Course Objectives The aim of the course is to explain the basic principles and techniques of financial management in healthcare organizations, and analysing the finance policies in these organizations. At the end of the course the students are expected to have information about the financial decision techniques and to apply these techniques in healthcare institutions.
Learning Outcomes The students who succeeded in this course;
  • To be able to understand the principles and techniques of financial management,
  • To be able to understand the process of financial decision making,
  • To be able to apply the financial techniques in healthcare institutions
Course Description The objectives of finance function in healthcare organizations and the basic principles of finance, types of financial decisions, financial analysis techniques, raising capital, working capital management, optimal capital structure and cost of capital, financial risk management.
Related Sustainable Development Goals

 



Course Category

 Core Courses
X
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 Overview of Financial Management and Healthcare Industry
2 Accounting and Financial Management Process in Healtcare Ins. The course notes and references provided by the instructor
3 Basic Financial Statements of Healtcare Ins. The course notes and references provided by the instructor
4 Financial Statements Analysis The course notes and references provided by the instructor
5 Financial Planning Process The course notes and references provided by the instructor
6 Budgeting in Healthcare Institutions The course notes and references provided by the instructor
7 Midterm
8 Revenue Cycle Management The course notes and references provided by the instructor
9 Working Capital Management The course notes and references provided by the instructor
10 Cash Management The course notes and references provided by the instructor
11 Investing, Borrowing and Time Value of Money The course notes and references provided by the instructor
12 Cost of Capital The course notes and references provided by the instructor
13 Capital Budgeting Decisions The course notes and references provided by the instructor
14 Capital Structure in Healthcare Organizations The course notes and references provided by the instructor
15 Risk Management The course notes and references provided by the instructor
16 Final Exam
Course Notes/Textbooks
Suggested Readings/Materials Harrison, Carlene, William P. Harrison (2013), Introduction to Healthcare Finance and Accounting, International Edition, Cengage Learning

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
1
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
3
15
Portfolio
Homework / Assignments
1
20
Presentation / Jury
Project
Seminar / Workshop
Oral Exam
Midterm
1
25
Final Exam
1
30
Total

Weighting of Semester Activities on the Final Grade
6
70
Weighting of End-of-Semester Activities on the Final Grade
1
30
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
0
Field Work
Quizzes / Studio Critiques
3
Portfolio
Homework / Assignments
5
10
Presentation / Jury
10
Project
1
20
Seminar / Workshop
Oral Exam
Midterms
1
15
Final Exams
1
22
    Total
155

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
 Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to acquire and use theoretical and practical knowledge in the field of health management.

 X
2

To be able to create and use new information by integrating information in the field of health management with information from different disciplines

 X
3

To be able to solve the problems that require expertise by using scientific research methods.

 X
4

To be able to solve a problem in the field of health management by using appropriate problem solving techniques.

 X
5

To be able to transfer the current developments in the field of health management with the data and to transfer them systematically to the groups in and out of the field in written, oral and visual form.

 X
6

To be able to critically examine the norms governing corporate culture and organizational communication, to develop them and to take action to change them when necessary.

 X
7

To be able to develop implementation plans in health management field and to evaluate the results within the framework of health services management quality processes.

 X
8

To be able to act by considering social, scientific, cultural and ethical values in the stages of data collection, interpretation and announcement while managing health institutions.

 X
9

To be able to take responsibility as an individual and a team member in the problems encountered in the related field applications while managing health institutions.

 X
10

To be able to plan and manage the activities of the employees whose under their responsibility while managing health institutions.

 X
11

To be able to relate the knowledge accumulated throughout the human history to their field of expertise.

 X
12

To be able to collect data in the areas of “Health Management” and communicate with colleagues in a foreign language.

 X
13

To be able to speak a second foreign at a medium level of fluency efficiently.

 X

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest