This course addresses selected financial management concepts and practices in health care organizations. It is a broad introduction to important financial theories, issues, tools and terminology that administrators need to know to manage health care organizations.
The health care environment today places increased emphasis on the financial implications of both managerial and clinical decisions. This emphasis, in turn, has created a need for financial skills among many clinicians and managers that in the past have not been required.
All business decisions have financial implications. As a result, all health care managers must be financially literate so that they can work with specialists in financial management and can use financial information in their areas of responsibility. Managers with responsibility for marketing, operations, facilities, or personnel need to understand the principles of financial management
