Financial Management and Medical Malpractice

Explain the basic concepts of financial management in healthcare organizations.

Explain the aspects of managing short-term and long-term assets and liabilities in healthcare organizations.

Analyze agency relationships in healthcare and how organizations can ameliorate agency costs.

Explain the similarities and differences among the major approaches to valuation of healthcare firms.

Distinguish variable versus fixed, and direct versus indirect costs, for a healthcare service or process.

Calculate net present value, internal rate of return, and profitability indexes given assumed cash flows and discount rates in healthcare operations.

Compare and contrast the choices for external financing faced by healthcare organizations.

Evaluate the basic principles of working capital management as rooted in controlling opportunity costs in healthcare firms.

Discuss the financial approach to strategic healthcare planning and how managers can participate effectively in that process.

Describe key impacts of the Patient Protection and Affordable Care Act on the financial management of U.S. healthcare organizations, providers, patients, payers, and employers.

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