MHA 5305 - Healthcare Finance & Decision Analysis I

Credits: 3 hrs.

This course integrates the important domains of healthcare finance and decision analyis. In addition to financing of US Healthcare, insurance, and methods of reimbursement, topics addressed include: financial statements and indicators, operational and capital budgeting, P&L management and variance analysis, utilization and operating expense forecasting, fixed and variable cost estimation, breakeven analysis, and financial corrective action (turnaround) planning. Decision analysis topics include: establishing a framework for quantitative decision making, simple deterministic analytics (e.g. rsoruce size decisions, inventory scheduling, task sequencing, and project management (DPM/PERT), and simple stochastic analytics (e.g., recourse size decisions, inventory scheduling revisited and stochastic decision trees).