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MHA612.UAGC.CG.2021.0323.SMD.pdf
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CGDT rev. December 2020 [Do not include this revision information in the final version of the Course Guide.]
Course Guide
MHA612
FINANCIAL & MANAGERIAL ACCOUNTING This course provides the foundation for integrating health care finance and managerial accounting.
Opportunities for analyzing current and emerging health care financing trends are provided. Practical cost-
benefit strategies used in planning, controlling and preparing internal and external reports are
emphasized.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
TABLE OF CONTENTS
TABLE OF CONTENTS ....................................................................................................................................... 2
COURSE AT A GLANCE ..................................................................................................................................... 5
COURSE DESCRIPTION ........................................................................................................................................ 5
COURSE DESIGN ................................................................................................................................................. 5
COURSE LEARNING OUTCOMES ........................................................................................................................... 6
COURSE MATERIALS ........................................................................................................................................ 7
REQUIRED RESOURCES ...................................................................................................................................... 7
Textbook ........................................................................................................................................................ 7
Navigate Simulations ..................................................................................................................................... 7
Supplemental Material ................................................................................................................................... 7
RECOMMENDED RESOURCES .............................................................................................................................. 7
Articles ........................................................................................................................................................... 7
Multimedia ..................................................................................................................................................... 8
Websites ........................................................................................................................................................ 8
COURSE GRADING ............................................................................................................................................ 9
DISCUSSIONS ..................................................................................................................................................... 9
NAVIGATE SIMULATIONS ...................................................................................................................................... 9
ASSIGNMENTS .................................................................................................................................................... 9
FINAL PAPER ...................................................................................................................................................... 9
GRADING PERCENT BREAKDOWN ........................................................................................................................ 9
WEEK 1 .............................................................................................................................................................. 11
DECISION-MAKING THROUGH FINANCIAL INFORMATION ...................................................................................... 11
Overview ...................................................................................................................................................... 11
Weekly Learning Outcomes ........................................................................................................................ 11
Introduction .................................................................................................................................................. 11
Required Resources .................................................................................................................................... 11
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Recommended Resources .......................................................................................................................... 12
Discussions ................................................................................................................................................. 13
Navigate Simulation ..................................................................................................................................... 14
Assignment .................................................................................................................................................. 14
WEEK 2 .............................................................................................................................................................. 16
LEGAL/REGULATORY AND REVENUE .................................................................................................................. 16
Overview ...................................................................................................................................................... 16
Weekly Learning Outcomes ........................................................................................................................ 16
Introduction .................................................................................................................................................. 16
Required Resource ...................................................................................................................................... 16
Recommended Resources .......................................................................................................................... 17
Discussion ................................................................................................................................................... 18
Assignment .................................................................................................................................................. 18
WEEK 3 .............................................................................................................................................................. 19
ACCOUNTING/FINANCIAL ANALYSIS .................................................................................................................... 19
Overview ...................................................................................................................................................... 19
Weekly Learning Outcomes ........................................................................................................................ 19
Introduction .................................................................................................................................................. 19
Required Resources .................................................................................................................................... 19
Recommended Resources .......................................................................................................................... 20
Discussion ................................................................................................................................................... 21
Navigate Simulation ..................................................................................................................................... 22
Assignment .................................................................................................................................................. 22
WEEK 4 .............................................................................................................................................................. 23
STRATEGIC FINANCIAL PLANNING/MANAGEMENT CONTROL ................................................................................ 23
Overview ...................................................................................................................................................... 23
Weekly Learning Outcomes ........................................................................................................................ 23
Introduction .................................................................................................................................................. 23
Required Resources .................................................................................................................................... 23
Recommended Resources .......................................................................................................................... 24
Discussion ................................................................................................................................................... 24
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Navigate Simulation ..................................................................................................................................... 25
Assignment .................................................................................................................................................. 25
WEEK 5 .............................................................................................................................................................. 26
COSTS AND DECISION MAKING .......................................................................................................................... 26
Overview ...................................................................................................................................................... 26
Weekly Learning Outcomes ........................................................................................................................ 26
Introduction .................................................................................................................................................. 26
Required Resources .................................................................................................................................... 26
Recommended Resources .......................................................................................................................... 27
Discussion ................................................................................................................................................... 28
Navigate Simulation ..................................................................................................................................... 28
Assignment .................................................................................................................................................. 28
WEEK 6 .............................................................................................................................................................. 30
CAPITAL AND DECISION-MAKING ........................................................................................................................ 30
Overview ...................................................................................................................................................... 30
Weekly Learning Outcomes ........................................................................................................................ 30
Introduction .................................................................................................................................................. 30
Required Resources .................................................................................................................................... 30
Recommended Resources .......................................................................................................................... 31
Discussions ................................................................................................................................................. 32
Final Paper .................................................................................................................................................. 33
COURSE MAP ................................................................................................................................................... 35
MHA612 ALIGNMENT MAP .............................................................................................................................. 38
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
COURSE AT A GLANCE
COURSE DESCRIPTION This course provides the foundation for integrating health care finance and managerial accounting.
Opportunities for analyzing current and emerging health care financing trends are provided. Practical cost-
benefit strategies used in planning, controlling, and preparing internal and external reports are emphasized.
COURSE DESIGN Timely and accurate accounting information plays a critical role in health care industry. The rapid growth of
health care facilities and governing boards has substantially increased the need for health care professionals
and decision makers to understand financial and managerial accounting information.
This course progressively builds through the six weeks to provide students with opportunities to analyze and
evaluate finance and managerial accounting in health care industry. Opportunities for analyzing current and
emerging health care financing trends are also provided.
During Week 1, students will analyze and evaluate the importance of financial information in health care
organizations and the financial environment for these organizations. The common ownership forms of health
care organization along with their advantages and disadvantages will be examined. Students will analyze and
evaluate revenue cycle for health care firms and consider the roles of coding, charge masters, and claims
editing in these cycles. Major aspects of Medicare benefits will also be discussed. This study will be done
through the assigned readings from the text, articles, discussions, a written paper, and a Navigate simulation.
There is information included on healthcare finance basics for those who may need a primer or a refresher.
Week 2 builds from Week 1 and analyzes how legal and regulatory issues shape and define good financial
management of a health care organization. Health care reform and the most common federal regulatory
issues, such as the Health Insurance Portability and Accountability Act and the Emergency Medical Treatment
and Labor Act, will be examined. Students will have the opportunity to analyze the elements of community
benefit listed by key policy groups, the basic methods of payment for health care firms, and five types of health
plans and their characteristics. The assigned readings from the text, articles, multimedia, a discussion, and a
written paper will support this week’s focus.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
In Week 3 students will learn the general principles of accounting. The basic financial statements will be
discussed, and students will learn how these are used for analysis and decision making. Students will also
learn how financial analysis differs for alternative health care firms. The assigned readings from the text,
articles, multimedia, a discussion, and a written paper will support this week’s focus.
Week 4 continues to build on the previous weeks and students will learn about the strategic planning process
and how the financial side impacts the plan. Students will also learn about the controls that management uses
in the budgeting and planning process and some of the financial mathematics that are used in decision
making. The assigned readings from the text, articles, multimedia, a discussion, and a written paper will
support this week’s focus.
In Week 5 students will learn about the costing process in health care, how it relates to planning, budgeting,
and control, and how to investigate variances as they happen with costs. Students will also learn how to
determine when organizations break-even with a profit. The assigned readings from the text, articles,
multimedia, a discussion, and a written paper will support this week’s focus.
This week students will learn about capital projects and financing options for the capital expenditures, the
impact of cash on working capital management, and the success and failures of mergers and acquisitions in
the health care industry. The assigned readings from the text, articles, multimedia, a discussion, and a final
written paper will support this week’s focus.
COURSE LEARNING OUTCOMES Upon successful completion of this course, students will be able to
1. Analyze how legal and regulatory systems shape and define financial management within health care
organizations.
2. Examine the core principles of accounting that guide the preparation and dissemination of financial
information.
3. Conduct a financial analysis of alternative health care models.
4. Examine the requirements for effective financial planning and the steps involved in developing a
financial plan.
5. Assess how health care financial statements are used for budgeting purposes.
6. Evaluate capital formation strategies for health care organizations.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
COURSE MATERIALS
REQUIRED RESOURCES
Textbook
Review the Navigate: How to Redeem your Access Code document for information on accessing your
textbook.
Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed.). Sudbury,
MA: Jones & Bartlett Learning. Retrieved from https://www.vitalsource.com
• The full-text version of this e-book is available through your online classroom.
Navigate Simulations
Jones & Bartlett Learning. Navigate 2 Scenario - Healthcare Finance Simulation [Access Code]. Sudbury, MA:
Jones & Bartlett Learning.
Supplemental Material
Windsor Regional Hospital (2008). Hospital transformation through zero based budgeting. Retrieved from
https://ashford.instructure.com
RECOMMENDED RESOURCES
Articles
Jackson, J., & Nolan, J. (2010, March 21). Health Care Reform Bill summary: A look at what's in the Bill.
Retrieved from http://www.cbsnews.com/news/health-care-reform-bill-summary-a-look-at-whats-in-the-
bill/
Milliken, A. L. (2010). Use of volume variance– variance demand analysis in planning strategy formulation.
Journal of Business Forecasting, 29(1), 4-9. Retrieved from the ProQuest database.
Olden, P. C. , & Smith, C. M. (2008). Hospitals, community health, and balanced scorecards. Academy of
Health Care Management Journal, 4(1), 39-56. Retrieved from the ProQuest database.
Panayiotis, C. &, Roupas, T. A. (2009). Health care finance, the performance of public hospitals and financial
statement analysis. European Research Studies, 12(4), 199-212. Retrieved from the ProQuest
database.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Prepare a Cash Budget. (n.d.) Retrieved from
http://www.vainteractive.com/inbusiness/editorial/finance/ibt/cash_bud.html
Rauscher, S., Wheeler, J. R. C., & Hilleary, G. (2008). Effective hospital revenue cycle management: Is there a
trade-off between the amount of patient revenue and the speed of revenue collection? [Practitioner
application]. Journal of Health Care Management, 53(6), 392-406. Retrieved from the ProQuest
database.
Multimedia
The Center for Health Affairs. (2011, April 7). Hospital finance 101, The Center for Health Affairs [Video file].
Retrieved from https://www.youtube.com/watch?v=fwYYae_U1OI
PBS NewsHour. (2013, September 24). President Obama and President Clinton talk health care reform [Video
file]. Retrieved from: http://www.youtube.com/watch?v=JSiTlwg64lU
Websites
Accounting terminology guide. (2014). Retrieved from http://www.nysscpa.org/glossary
Claim scrubber. (n.d.). Retrieved from http://medical-dictionary.thefreedictionary.com/claim+scrubber
Health Care Financial Management Association. (http://www.hfma.org/)
Pulley, J. (2008, November 13). The claims scrubbers. Retrieved from
http://www.govhealthit.com/news/claims-scrubbers
The health care law and you. (n.d.). Retrieved from http://healthlawanswers.aarp.org
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
COURSE GRADING
Multiple measures of assessment are used in the course, allowing students opportunities to demonstrate their
learning in more than one way and giving consideration to individual learning styles. Course components that
will be assessed are listed below.
DISCUSSIONS Each week students will participate in online discussions with classmates, which are related to the week’s
readings. These discussions replace the interactive dialogue that occurs in the traditional classroom setting.
Each week, students’ initial discussion posts are due by 11:59 p.m. (in the time zone in which each student
resides) on Day 3 (Thursday). Students will have until 11:59 p.m. on Day 7 (the following Monday) to make the
required minimum number of response posts to classmates. Discussions represent 25% of the overall
course grade.
NAVIGATE SIMULATIONS There is a Navigate Simulation due in Weeks 1, 3, 4, and 5 of this course. The Navigate Simulations will
provide students with the opportunity to demonstrate a variety of skills through multiple assessment types
including multiple-choice responders, short answer, drag-and-drop, single paragraph composition, and short
essay. Navigate Simulations represent 20% of the overall course grade.
ASSIGNMENTS There is a written assignment due in Weeks 1 through 4 of this course. These assignments must reflect
college-level writing and critical thinking. Assignments represent 30% of the overall course grade.
FINAL PAPER The final assignment for this course is a Final Paper. The purpose of the Final Paper is for you to culminate the
learning achieved in the course. The Final Paper represents 25% of the overall course grade.
GRADING PERCENT BREAKDOWN
Activity Grading
Percent
Discussions 25
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Navigate Simulations 20
Assignments 30
Final Paper 25
Total 100
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
WEEK 1
DECISION-MAKING THROUGH FINANCIAL INFORMATION To be completed during the first week of class
Overview
Activity Due Date Format Grading
Percent
Post Your Introduction Day 1 Discussion 1
Critical Case for Billing & Coding Day 7 Navigate Simulation 5
Ownership Forms of Health Care
Organizations Day 7
Assignment 6
Weekly Learning Outcomes
This week students will
1. Analyze the importance of financial information in health care organizations.
2. Explain the common ownership forms of health care organization as well as their advantages and
disadvantages.
3. Analyze the roles charge master and claims editing play in the billing process.
Introduction
During Week 1, you will be introduced to the financial information used by decision makers. You will learn
about the forms of business organization, the billing and coding process, and how this is critical for revenue
cycle management. You will also begin to understand the impact of the various sources of revenue on the
financial viability of healthcare organizations.
Required Resources
Text
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed.). Sudbury,
MA: Jones & Bartlett Learning. Retrieved from https://www.vitalsource.com
• Chapter 1: Financial Information and the Decision-Making Process
o This chapter discusses the importance of finance and financial information in health care
organizations, explains the users and users or financial information and summarizes the
common ownership forms of health care organization.
• Chapter 2: Billing and Coding for Health Services
o This chapter focuses on revenue cycle including medical coding, charge masters, two
major bill types and the role played by claims editing.
• Chapter 3: Financial Environment of Healthcare Organizations
o This chapter discusses factors influencing the financial viability of a health care
organization such as financial environment, major reimbursement methods and
describes major aspects of Medicare benefits along with Medicare reimbursement
methods to major types of providers.
Navigate Simulation
Jones & Bartlett Learning. Navigate 2 Scenario - Healthcare Finance Simulation [Access Code]. Sudbury, MA:
Jones & Bartlett Learning.
Recommended Resources
Articles
The health care law and you. (n.d.). Retrieved from http://healthlawanswers.aarp.org
• This web page includes questions that will help give you information that describes how the
health care law works for you and your family.
Textbook PowerPoint Presentations
• Chapter 1 Financial Information and the Decision-Making Process
• Chapter 2 Billing and Coding for Health Services
• Chapter 3 Financial Environment of Healthcare Organizations
Websites
Claim scrubber. (n.d.). Retrieved from http://medical-dictionary.thefreedictionary.com/claim+scrubber
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Health care financial management association. (http://www.hfma.org/)
• This website directs students to Health care Financial Management Association which contains
current events, publications, policies and issues that will benefit students in this course.
Pulley, J. (2008, November 13). The claims scrubbers. Retrieved from
http://www.govhealthit.com/news/claims-scrubbers
Discussions
1. Post Your Introduction. 1st Post Due by Day 1. Post a brief introduction on the first day of class. This
discussion is your opportunity to become acquainted with class peers and the instructor and to begin to
develop community for the class, which will enable you to have deeper and more engaging
conversations throughout the other discussions in the course. Although you may already be acquainted
with class peers and your instructor, this class is unique in that some of you have not met previously
and have not experienced this class together in this particular group composition. Therefore, consider
this discussion your opportunity to develop connections with peers and your instructor that can expand
and enrich your developing professional learning network, which will serve you well in and beyond your
degree program for support and inspiration in your area of professional practice.
In your initial post
• State your full name and, if applicable, any preferred name (e.g., nickname).
• State your location (i.e., the city or state where you live)
• State which program you are enrolled in and, if applicable, your specialization.
• State which course you last completed and the most significant thing you learned from that
course as it relates to your degree focus and/or professional practice.
• Review each weekly homepage in our course taking note of the assessments assigned for each
week. Then, describe the assessments you are most excited about completing and why.
• Review the course learning outcomes. Then, summarize what you already know about the
course topics in relation to those outcomes.
• Think about how the topic of our course is related to other courses you have taken and your life
experiences. Summarize how you think this course can support your professional practice in
your chosen field now and/or in future anticipated practice.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Guided Response: Respond to at least three of your classmates' posts. In your replies, ask questions
of peers about specific comments from their responses to encourage further conversation and learn
more from one another. Consider which assessments your peers are most excited to complete and
their reasons why. Ask questions that promote continued conversation about these assessments.
Additionally, consider what your peers know about the course topics and how they think the course will
support their professional practice. Ask questions to gain deeper insights about their existing
knowledge and plans for application. Though three replies is the basic expectation in this discussion,
for deeper engagement and community building, you are encouraged to provide responses to
questions others have posted for you to further the conversations. Doing so will give you opportunities
to network and get to know your instructor and peers for more optimal engagement in the coming
weeks!
Navigate Simulation
1. Critical Case for Billing & Coding. Due by Day 7. Complete the Critical Case for Billing & Coding
simulation within the Navigate platform. You will need to create a single Microsoft Word file and save it
to your computer. As you complete each week's simulation, copy and paste your results to the same
Word file and submit this file within the online classroom.
Assignment
1. Ownership Forms of Health Care Organizations. Due by Day 7. Review Chapter 1 of your course
text and formulate a response to the following topic:
You are an external consultant with 10 years’ experience in your field. Fifty doctors are trying to get
together to form a health care organization, and they come to you for suggestions on developing the
ownership form for the organization. It is your job to advise them on what common ownership forms are
available for the organization and provide an example of each. Additionally, you must discuss the
following:
• The advantages and disadvantages of each ownership form.
• The ownership form would you would recommend as being most appropriate for this particular
organization as well as why it is the most appropriate.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Your paper must include an introduction, thesis, and conclusion. Your paper must be four to five
double-spaced pages in length (excluding title and reference pages) and formatted according to APA
style as outlined in the Writing Center. Utilize three scholarly and/or peer-reviewed sources that were
published within the last five years. Cite your sources within the text of your paper and provide
complete references for each source used on the reference page.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
WEEK 2
LEGAL/REGULATORY AND REVENUE To be completed during the second week of class
Overview
Activity Due Date Format Grading
Percent
Understanding the Health Care Reform Act Day 3
(1st post)
Discussion 4
Anti-Trust Day 7 Assignment 6
Weekly Learning Outcomes
This week students will
1. Analyze how legal and regulatory issues shape and define good financial management of a health care
organization.
2. Evaluate the Patient Protection and Affordable Care Act of 2010 as it relates to financial management
in the post-reform environment and the most common federal regulatory issues.
3. Propose a plan to avoid anti-trust actions of health care organizations.
Introduction
In Week 2, you will learn about the challenges presented by the legal and regulatory environment of health
care organizations and how communities are benefited by health care firms. Revenues vary based on
negotiations, managed care, and pricing. This week, you will learn how critical contracts are for health care
organizations.
Required Resource
Text
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed.). Sudbury,
MA: Jones & Bartlett Learning. Retrieved from https://www.vitalsource.com
• Chapter 4: Legal and Regulatory Environment
o This chapter discusses how legal and regulatory issues such as Health Care Reform Act
and HIPAA shape and define good financial management of a health care organization.
• Chapter 5: Measuring Community Benefit
o This chapter focuses on the current basis for tax exemption for NFP (not for profit) health
care firms. The elements of community benefit listed by key policy groups are analyzed
and evaluated.
• Chapter 6: Revenue Determination
o This chapter defines the basic methods for payment for health care firms and the issues
in the process of pricing.
• Chapter 7: Health Insurance and Managed Care
o This chapter focuses on four main activities of health plans, the definition of a health
maintenance organization, five types of health plans and their characteristics. The legal
and regulatory issues that affect managed care organizations are also discussed.
Recommended Resources
Article
Rauscher, S., Wheeler, J. R. C., & Hilleary, G. (2008). Effective hospital revenue cycle management: Is there a
trade-off between the amount of patient revenue and the speed of revenue collection? [Practitioner
application]. Journal of Health Care Management, 53(6), 392-406. Retrieved from the ProQuest
database.
Textbook PowerPoint Presentations
• Chapter 4 Legal and Regulatory Environment
• Chapter 5 Measuring Community Benefit
• Chapter 6 Revenue Determination
• Chapter 7 Health Insurance and Managed Care
• HFMA PowerPoint Presentation Revenue Cycle
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Discussion
Understanding the Health Care Reform Act. 1st Post Due by Day 3. How has the Patient and
Affordable Care Act of 2010 (the “Health Care Reform Act”) reshaped financial arrangements between
hospitals, physicians, and other providers with Medicare making a single payment for all care received
by a beneficiary from 72 hours before admission to 30 days after discharge from an inpatient facility?
Guided Response: Respond to at least two of your classmates’ posts. Invite your peers to think about
how the Medicare payments already challenge the healthcare organizations to maintain profitability and
how these changes may have an even greater impact.
Assignment
1. Anti-Trust. Due by Day 7. Prior to completing the assignment, review Chapter 4 of your course text.
You are a manager with five years of experience and need to write a report for senior management on
how your firm can avoid the threat of a Federal Trade Commission investigation if you were to merge
with other health care organizations. Research on your own to select a health care organization in the
United States that has been charged with an antitrust action within the last five years and use this
information as the basis for your paper. In your report
• Summarize the charges and rebuttal or mitigation of charges used by the health care
organization you researched.
• Discuss lessons learned and propose actions that can be taken by your management to avoid
similar anti- trust actions in your proposed merger.
Your paper must include an introduction, thesis, and conclusion. Your paper must be four to five
double-spaced pages in length (excluding title and reference pages) and formatted according to APA
style as outlined in the Writing Center. Utilize three scholarly and/or peer-reviewed sources (excluding
the course text) that were published within the last five years. Cite your sources within the text of your
paper and provide complete references for each source used on the reference page.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
WEEK 3
ACCOUNTING/FINANCIAL ANALYSIS To be completed during the third week of class
Overview
Activity Due Date Format Grading
Percent
How to Improve Operating Margins Day 3
(1st post) Discussion 4
Firm Financial Position or Not? Day 7 Navigate Simulation 5
Financial Ratios Analysis and Comparison
Paper Day 7 Assignment 6
Weekly Learning Outcomes
This week students will
1. Explain the four major financial statements in the health care industry.
2. Assess the value of operating margins in health care organizations.
Introduction
In Week 3 you will learn the general principles of accounting. The basic financial statements will be discussed,
and you will learn how these are used for analysis and decision making. You will also learn how financial
analysis differs for alternative health care firms.
Required Resources
Text
Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed.). Sudbury,
MA: Jones & Bartlett Learning. Retrieved from https://www.vitalsource.com
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
• Chapter 8: General Principles of Accounting
o This chapter focuses on core principles of accounting and the differences between
financial and managerial accounting. Cash basis, accrual basis, and three categories of
net assets are discussed.
• Chapter 9: Financial Statements
o This chapter discusses the main four types of financial statements and the importance to
know the scope of business being reviewed when using financial statements.
• Chapter 10: Accounting for Inflation
o This chapter discusses the major types of asset valuation, alternatives units of
measurement in financial reporting and the major financial reporting alternatives. The
uses of financial information and the difference between monetary and nonmonetary
accounts are also examined.
• Chapter 11: Analyzing Financial Position
o This chapter focuses on balanced scorecard and dashboard reporting. The primary
financial objective and the critical drivers of financial performance in health care firms
are analyzed.
• Chapter 12: Financial Analysis of Alternative Healthcare Firms
o This chapter discusses the major non-hospital and non-physician sections of the health
care industry and their financial analysis.
Navigate Simulation
Jones & Bartlett Learning. Navigate 2 Scenario - Healthcare Finance Simulation [Access Code]. Sudbury, MA:
Jones & Bartlett Learning.
Recommended Resources
Articles
Olden, P. C. , & Smith, C. M. (2008). Hospitals, community health, and balanced scorecards. Academy of
Health Care Management Journal, 4(1), 39-56. Retrieved from the ProQuest database.
• This article discusses the balanced scorecard tool.
• Abstract: Community health improvement has been part of many hospitals' mission statements
and strategic plans, although it has been less common in their actual work. Recently, hospital
industry leaders and stakeholders have called on hospitals to do much more to improve health
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
status in their local communities. For hospitals to satisfy external demands for improved
community health, they must re-direct some of their goals, resources, activities, and work
processes.
Panayiotis, C. &, Roupas, T. A. (2009). Health care finance, the performance of public hospitals and financial
statement analysis. European Research Studies, 12(4), 199-212. Retrieved from the ProQuest
database.
• Abstract: Regional form of Organization of the health care that are called today DyPE, have as a
main goal to promote more rational resource allocation through decentralization in the decision
making process. The concern for more effective and efficient use of resources devoted into the
health care sector renders hospitals a critical vehicle of the quest for superior economic
performance, especially if we take into our consideration their mounting over time deficits.
Economic performance is primarily traced through a set of specific financial ratios, which
embrace important elements that constitute the substance of the financial well-being of hospitals
as economic units. An array of financial ratios is critically reviewed and a combination of them is
proposed as a means of effective financial management.
Textbook PowerPoint Presentations
• Chapter 8 General Principles of Accounting
• Chapter 9 Financial Statements
• Chapter 10 Accounting for Inflation
• Chapter 11 Analyzing Financial Position
• Chapter 12 Financial Analysis of Alternative Healthcare Firms
• HFMA PowerPoint on Financial Reporting
Discussion
1. How to Improve Operating Margins. 1st Post Due by Day 3. Prior to completing this discussion, read
Assignment 1 in Chapter 11.
• What does operating margin tell you about the organization, and how would you calculate this
ratio?
• Select a local medical service organization and describe how it has specifically improved its
operating margins.
Your initial post must be 300 to 350 words.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Guided Response: Challenge your peers to think about the difference between operating margin and
total margin. Look at ways in which small changes in operations can result in huge changes in the
margin. Respond to at least two of your classmates’ posts.
Navigate Simulation
1. Firm Financial Position or Not? Due by Day 7. Complete the “Firm Financial Position or Not?”
simulation within the Navigate platform. You will need to create a single Microsoft Word file and save it
to your computer. As you complete each week's simulation, copy and paste your results to the same
Word file and submit this file within the online classroom.
Assignment
1. Financial Ratios Analysis and Comparison Paper. Due by Day 7. Prior to completing this
assignment, review Chapter 10 and 12 in your course text.
You are a mid-level manager in a health care organization and you have been asked to prepare a
report, with appropriate exhibits, for the senior financial officer.
• Discuss the roles played by financial ratios in general and analyze the commonly used financial
ratios by categories.
• Additionally, select a local hospital and compare its financial ratios for the most recent three
years against the national norms for this type of institution. Include analytical comments and
how the organization compares to the national norms as well as any suggestions as to how
results could be improved.
• Your paper must include an introduction, thesis, and conclusion. Your paper must be four to five
double-spaced pages in length (excluding title and reference pages) and formatted according to
APA style as outlined in the Writing Center. Utilize three scholarly and/or peer-reviewed sources
(excluding the course text) that were published within the last five years. Cite your sources
within the text of your paper and provide complete references for each source used on the
reference page.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
WEEK 4
STRATEGIC FINANCIAL PLANNING/MANAGEMENT CONTROL To be completed during the fourth week of class
Overview
Activity Due Date Format Grading
Percent
Strategic Planning and Financial Planning Day 3
(1st post) Discussion 4
To Move or Not to Move Day 6 Navigate Simulation 5
Zero-Based Budgeting Day 7 Assignment 6
Weekly Learning Outcomes
This week students will
1. Analyze budgeting and how it is used for management control.
2. Differentiate between strategic planning and financial planning.
Introduction
In Week 4 you will learn about the strategic planning process and how the financial side impacts the plan. You
will also learn about the controls that management uses in the budgeting and planning process and some of
the financial mathematics that are used in decision making.
Required Resources
Text
Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed.). Sudbury,
MA: Jones & Bartlett Learning. Retrieved from https://www.vitalsource.com
• Chapter 13: Strategic Financial Planning
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
o This chapter focuses on the major concepts involved in strategic financial planning
including key financial policy targets, 10 requirements for effective financial planning, and
the steps involved in developing a financial plan.
• Chapter 16: Management Control Process
o This chapter focuses on the concept of management control and how budgeting is used
as a part of it. Budgeting process and major types of budgets are also described.
• Chapter 18: Financial Mathematics
o This chapter discusses the concept of time value of money. Concepts such as future
value, present value and annuity are explained.
Supplemental Material
Windsor Regional Hospital (2008). Hospital transformation through zero based budgeting. Retrieved from
Retrieved from https://ashford.instructure.com
• This is a report of the 2008 Executive Committee from Windsor Regional Hospital.
Navigate Simulation
Jones & Bartlett Learning. Navigate 2 Scenario - Healthcare Finance Simulation [Access Code]. Sudbury, MA:
Jones & Bartlett Learning.
Recommended Resources
PowerPoint Presentations
• Chapter 13 Strategic Financial Planning
• Chapter 16 Management Control Process
• Chapter 18 Financial Mathematics
• HFMA PowerPoint Presentation on Budgeting and Forecasting
Discussion
1. Strategic Planning and Financial Planning. 1st Post Due by Day 3. Prior to completing this
discussion, read Chapter 13 from your course text. Select a health care organization and answer the
following questions as they relate to your selected organization:
• What is your understanding of strategic planning and financial planning?
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
• What if financial planning is not aligned with strategic planning? What are the consequences?
Your initial post must be 300 to 350 words.
Guided Response: Challenge your peers to think about how often the plans should be reviewed and
by whom. Are there health care organizations that are exempt from the planning process for various
reasons? Respond to at least two of your classmates’ posts.
Navigate Simulation
1. To Move or Not to Move. Due by Day 7. Complete the “To Move or Not to Move” simulation within the
Navigate platform. You will need to create a single Microsoft Word file and save it to your computer. As
you complete each week's simulation, copy and paste your results to the same Word file and submit
this file within the online classroom.
Assignment
1. Zero-Based Budgeting. Due by Day 7. Review the Hospital transformation through zero based
budgeting PowerPoint presentation. The Board of Directors of Windsor Memorial Hospital has hired
you to be their zero-based budget consultant. Specify how Windsor Memorial Hospital can implement a
zero-based budget and provide your recommendations to the Board of Directors of the Hospital. Explain
the benefits of implementing your recommendations and justify why you are making these specific
recommendations.
Your paper must include an introduction, thesis, and conclusion. Your paper must be four to five
double-spaced pages in length (excluding title and reference pages) and formatted according to APA
style as outlined in the Writing Center. Utilize three scholarly and/or peer-reviewed sources (excluding
the course text) that were published within the last five years. Cite your sources within the text of your
paper and provide complete references for each source used on the reference page.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
WEEK 5
COSTS AND DECISION MAKING To be completed during the fourth week of class
Overview
Activity Due Date Format Grading
Percent
Calculating the Break-Even Point Day 3
(1st post) Discussion 4
Rates Negotiation Crisis Day 7 Navigate Simulation 5
Budgetary Variance Model Day 7 Assignment 6
Weekly Learning Outcomes
This week students will
1. Examine the calculation of break-even point.
2. Analyze the existing needs for cost information in health care firms and how cost information relates to
key activities of management.
3. Explain cost variance analysis and the types of cost inconsistencies in health care organizations..
Introduction
In Week 5 you will learn about the costing process in health care, how it relates to planning, budgeting, and
control, and how to investigate variances as they happen with costs. You will also learn how to determine when
you break-even with a profit.
Required Resources
Text
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed.). Sudbury,
MA: Jones & Bartlett Learning. Retrieved from https://www.vitalsource.com
• Chapter 14: Cost Concepts and Decision Making
o This chapter discusses ways to classify cost and the four major categories of cost. Five
general types of cost behavior, three methods of cost allocation, along with break-even
calculation, are also examined.
• Chapter 15: Product Costing
o This chapter discusses the existing needs for cost information in health care firms and
how cost information relates to three key activities of management. Three main phases
of costing process
as well as the two systems necessary to accurately cost health care encounters of care
are examined.
• Chapter 17: Cost Variance Analysis
o This chapter focuses on cost control concepts including two major theories used for cost
control.
Cost variance analysis and how that is used by management are examined.
Navigate Simulation
Jones & Bartlett Learning. Navigate 2 Scenario - Healthcare Finance Simulation [Access Code]. Sudbury, MA:
Jones & Bartlett Learning.
Recommended Resources
Article
Milliken, A. (2010). Use of volume variance– variance demand analysis in planning strategy formulation. The
Journal of Business Forecasting, 29(1), 4. Retrieved from the ProQuest database.
• Abstract: The article provides information on planning strategy formulation using volume-
variance demand analysis. It states that this formulation emphasizes the predictability of a
product having high variance due to seasonality and data trend. The article also explains the
importance of collaborating with consumers in improving business forecasts and reducing
inventory.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
PowerPoint Presentations
• Chapter 14 Cost Concepts and Decision Making
• Chapter 15 Product Costing
• Chapter 17 Cost Variance Analysis
• HFMA PowerPoint Presentation Internal Controls
Discussion
1. Calculating the Break-Even Point. 1st Post Due by Day 3. Prior to completing this discussion, review
Assignment 7 in Chapter 14 of your course text. In your initial post, address the following points:
• What is the role provided by break-even point, and how would you calculate this point?
• Please calculate break-even point in patient days under the provided contract.
• What are the limitations of using break-even point, and how would you incorporate this point
with management strategic planning?
Your initial post must be 300 to 350 words.
Guided Response: Challenge your peers to think about a reasonable time period for being able to
break even. How often should an area be reviewed if it is not breaking even? Respond to at least two
of your classmates’ posts.
Navigate Simulation
1. Rates Negotiation Crisis. Due by Day 7. Complete the “Rates Negotiation Crisis” simulation within the
Navigate platform. You will need to create a single Microsoft Word file and save it to your computer. As
you complete each week's simulation, copy and paste your results to the same Word file and submit
this file within the online classroom.
Assignment
1. Budgetary Variance Model. Due by Day 7. Prior to completing this assignment, review Assignment 9
in Chapter 17 of your course text. Prepare an evaluation of the performance of the Radiology
Department Manager for a hospital.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
The service unit, or output, for this department is the number of procedures performed. A static budget
was prepared at the beginning of the year. Examine that budget in relation to actual experience. The
relevant data are included in Table 17-18 in your course text. The department manager is pleased
because the department has a favorable $120,000 cost variance. Evaluate the effectiveness claims of
the manager using the budgetary variance mode described in Chapter 17. What is your analysis of the
department manager’s performance? Explain your reasoning.
Your paper must include an introduction, thesis, and conclusion. Your paper must be four to five
double-spaced pages in length (excluding title and reference pages) and formatted according to APA
style as outlined in the Writing Center. Utilize three scholarly and/or peer-reviewed sources (excluding
the course text) that were published within the last five years. Cite your sources within the text of your
paper and provide complete references for each source used on the reference page.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
WEEK 6
CAPITAL AND DECISION-MAKING To be completed during the fifth week of class
Overview
Activity Due Date Format Grading
Percent
Lowest Cost Alternative Day 3
(1st post) Discussion 4
Improving Working Capital Day 3
(1st post) Discussion 4
Final Paper Day 7 Assignment 25
Weekly Learning Outcomes
This week students will
1. Analyze capital investment decision-making process.
2. Examine the activities covered in cash budget and the concepts of working capital and cash
management.
Introduction
This week you will learn about capital projects and financing options for the capital expenditures, the impact of
cash on working capital management, and the success and failures of mergers and acquisitions in the health
care industry.
Required Resources
Text
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Cleverley, W. O., Song, P. H., & Cleverley, J. O. (2011). Essentials of health care finance (7th ed.). Sudbury,
MA: Jones & Bartlett Learning. Retrieved from https://www.vitalsource.com
• Chapter 19: Capital Project Analysis
o This chapter focuses on capital investment decision process including who should be
involved, four stages of the decision process and information needed for decision
making. The concepts of NPV, discount rate and weighted average cost of capital are
examined.
• Chapter 20: Consolidations and Mergers
o This chapter discusses the basic theories in the field of consolidations, mergers and
acquisitions.
The common methods for valuation of a potential target firm are also explained.
• Chapter 21: Capital Formation
o This chapter focuses on the differences between debt and equity financing. The factors
that influence the desirability of alternative sources of financing are also examined.
• Chapter 22: Working Capital and Cash Management
o This chapter focuses on the concepts of cash management and working capital. The
activities covered in the cash budget affecting working capital are examined.
• Chapter 23: Developing the Cash Budget
o This chapter discusses the importance of cash budget and focuses on how to prepare a
cash budget.
Recommended Resources
Article
Prepare a Cash Budget. (n.d.). Retrieved from
http://www.vainteractive.com/inbusiness/editorial/finance/ibt/cash_bud.html
• This article uses examples to demonstrate the process of preparing a cash budget.
PowerPoint Presentations
• Chapter 19 Capital Project Analysis
• Chapter 20 Consolidations and Mergers
• Chapter 21 Capital Formation
• Chapter 22 Working Capital and Cash Management
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
• Chapter 23 Developing the Cash Budget
• HFMA PowerPoint Presentation Disbursements
• HFMA PowerPoint Presentation Contract Management
Discussions
1. Lowest Cost Alternative. 1st Post Due by Day 3. Prior to completing this discussion, review
Assignment 1 in Chapter 19 of your course text. In your initial post, answer the following question:
• What issues need to be taken into consideration to determine which is the lowest cost
alternative?
Your initial post must be 300 to 350 words.
Guided Response: Where do you begin when doing this type of research? Challenge your peers to
think through how they would know if the capital investment demonstrates a positive financial outcome,
and what other benefits may occur. What is a reasonable life cycle for various items in a health care
organization? Respond to at least two of your classmates’ posts.
2. Improving Working Capital. 1st Post Due by Day 3. Prior to completing this discussion, read Chapters
19, 21, 22, 23 in your course text. For your initial post, answer the following questions:
• What is working capital, and how would you calculate it?
• How can the healthcare organization improve their working capital?
• What are the great approaches for cash management? If you were the controller in charge of
managing cash, what methods would you take, and why?
Your initial post must be 300 to 350 words.
Guided Response: Challenge your peers to think about how they would train the managers on the
working capital if asked to do so. What types of incentives could you provide to your staff to help with
receivables management? Respond to at least two of your classmates’ posts.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Final Paper
1. Final Paper. Due by Day 7. Utilizing the concepts learned throughout the course, write a Final Paper
on one of the following scenarios:
• Option One: You are a consultant with 10 years’ experience in the health care insurance
industry. A group of 20 doctors is considering forming a new medical group. The group has
asked you to prepare a report on whether it should build a facility within 30 miles of the
downtown center of a city with a population of 500,000 for $100 million dollars. Prepare a report
for the management team of the doctor’s group on your proposed $100 million expenditure plan.
In your report, reflect on the key course objectives as well as the financial, legal, and alternative
health care models. In addition, reinforce your knowledge of strategic planning and capital
budgeting by using an electronic spreadsheet to display the financials.
• Option Two: You are a chief operating officer at a for-profit insurance company. A board of
directors has requested that you prepare a summary of the issues involved with a potential 40%
reduction in U. S. medical insurance reimbursement. Prepare a report for the board of directors
on how to address the proposed funding cuts while remaining sensitive to the needs and health
of the community and your patients. In your report, reflect on the key course objectives as well
as the financial, legal, and alternative health care models. In addition, reinforce your knowledge
of strategic planning and capital budgeting by using an electronic spreadsheet to display the
financials.
• Option Three: You are a chief administrative officer for a large nonprofit health relief
organization. A board of directors has requested that you prepare a summary of the issues and
how to solve the health needs of an African country. Your organization has limited funding and
will need to obtain subsidized medicine from major pharmaceutical companies. Your
organization also has the opportunity to get non-generic, non-USDA approved, alternative stem
cell derived medication from foreign sources. Prepare a report for the board of directors on how
to address the proposed funding limitations while remaining sensitive to the needs and health of
the African nation. Consider the various economic, political, moral, and health impacts for the
United States citizens who may have some of the health medication diverted to the African
nation. In your report, reflect on the key course objectives as well as the financial, legal, and
alternative health care models. In addition, reinforce your knowledge of strategic planning and
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
capital budgeting by using an electronic spreadsheet to display the financials..
• Option Four: You are a public official elected at the local city level who serves a population of
50,000 to 250,000 people. A budget of 10 million dollars has been allocated to you by the city
manager, and you can get up to 100% of this amount in matching federal funds if you meet the
federal standards. You have been asked by the mayor to determine how to allocate the budget
to best support the needs of the city. These could include, but not be limited to, supporting
capital requirements, operational requirements, and subsidizing nonprofit organizations or using
economic incentives to bring new private concerns into the city. Prepare a report for the mayor
and city council on your proposed expenditure plan. In your report, reflect on the key course
objectives as well as the financial, legal, and alternative health care models. In addition,
reinforce your knowledge of strategic planning and capital budgeting by using an electronic
spreadsheet to display the financials.
Writing the Final Paper
The Final Paper
• Must be 8 to 10 double-spaced pages in length (excluding title and reference pages) and
formatted according to APA style as outlined in the Writing Center.
• Must have a title page that includes the following:
o Title of paper
o Student’s name
o Course name and number
o Instructor’s name
o Date submitted
• Must include an introductory paragraph with a succinct thesis statement.
• Must address the topic of the paper with critical thought.
• Must end with a restatement of the thesis and a concluding paragraph.
• Must use eight scholarly and /or peer-reviewed sources, including five from the University of
Arizona Global Campus Library.
• Must document all sources in APA style as outlined in the Writing Center.
• Must include a separate reference page that is formatted according to APA style as outlined in
the Writing Center.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
COURSE MAP
The course map illustrates the careful design of the course through which each learning outcome is supported
by one or more specific learning activities in order to create integrity and pedagogical depth in the learning
experience.
Learning Outcome Week Activity
1. Analyze how legal and regulatory systems
shape and define financial management
within health care organizations.
1
2
5
6
▪ Ownership Forms of Health
Care Organizations—
Assignment
▪ Anti-Trust—Assignment
▪ Budgetary Variance Model—
Assignment
▪ Final Paper—Assignment
2. Examine the core principles of accounting
that guide the preparation and dissemination
of financial information.
1
1
2
2
3
4
5
▪ Critical Case for Billing &
Coding—Navigate Simulation
▪ Ownership Forms of Health
care Organizations—
Assignment
▪ Understanding the Health Care
Reform Act—Discussion
▪ Anti-Trust Research—
Assignment
▪ Financial Ratios Analysis and
Comparison—Assignment
▪ Strategic Planning and
Financial Planning—Discussion
▪ Zero-Based Budgeting—
Assignment
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
5
6
6
▪ Calculating the Break-Even
Point—Discussion
▪ Budgetary Variance Model—
Assignment
▪ Final Paper—Assignment
3. Conduct a financial analysis of alternative
health care models.
2
3
3
3
5
6
▪ Understanding the Health Care
Reform Act—Discussion
▪ Understanding Financial
Ratios—Discussion
▪ Firm Financial Position or Not?
Navigate Simulation
▪ Financial Ratios Analysis and
Comparison—Assignment
▪ Budgetary Variance Model—
Assignment
▪ Final Paper—Assignment
4. Examine the requirements for effective
financial planning and the steps involved in
developing a financial plan.
3
4
4
4
5
6
5
▪ How to Improve Operating
Margins—Discussion
▪ Strategic Planning and
Financial Planning—Discussion
▪ To Move or Not To Move—
Navigate Simulation
▪ Zero-Based Budgeting—
Assignment
▪ Calculating the Break-Even
Point—Discussion
▪ Budgetary Variance—
Assignment
▪ Improving working Capital—
Discussion
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
5
6
▪ Budgetary Variance Model—
Assignment
▪ Final Paper—Assignment
5. Assess how health care financial statements
are used for budgeting purposes
3
3
5
▪ How to Improve Operating
Margins—Discussion
▪ Financial Ratios Analysis and
Comparison—Assignment
▪ Rates Negotiation—Navigate
Simulation
6. Evaluate capital formation strategies for
health care organizations
5
5
6
6
6
▪ Budgetary Variance Model—
Assignment
▪ Rates Negotiation Crisis—
Navigate Simulation
▪ Lower Cost Alternatives
Discussion
▪ Improving Working Capital
Discussion
▪ Final Paper—Assignment
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
MHA612 ALIGNMENT MAP
The alignment map illustrates the careful design of the course through the alignment of course learning
outcomes with both program learning outcomes and professional standards, to ensure integrity and
pedagogical depth in the learning experience.
Course Learning Outcome Program Learning Outcome Professional Standards
(ACHE & NCHL)
1. Discuss financial
management and the
general accounting
process.
PLO1: Apply health care
financial and accounting
concepts in organizational
decision making.
ACHE1: Communication and
Relationship Management: The
ability to communicate clearly and
concisely with internal and external
customers, establish and maintain
relationships, and facilitate constructive
interactions with individuals and
groups.
ACHE5. Business Skills and
Knowledge: The ability to apply
business principles, including systems
thinking, to the healthcare environment.
2. Examine the financial
environment of health
care organizations.
PLO1: Apply health care
financial and accounting
concepts in organizational
decision making.
ACHE5. Business Skills and
Knowledge: The ability to apply
business principles, including systems
thinking, to the healthcare environment.
3. Analyze the legal and
regulatory environment of
health care organizations.
PLO6: Formulate health care
decisions consistent with
legal and ethical standards.
ACHE3: Professionalism: The ability
to align personal and organizational
conduct with ethical and professional
standards that include a responsibility
to the patient and community, a service
orientation, and a commitment to
lifelong learning and improvement.
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MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Course Learning Outcome Program Learning Outcome Professional Standards
(ACHE & NCHL)
4. Apply general accounting
principles.
PLO1: Apply health care
financial and accounting
concepts in organizational
decision making.
ACHE5. Business Skills and
Knowledge: The ability to apply
business principles, including systems
thinking, to the healthcare environment.
5. Conduct a financial
analysis of alternative
health care models.
PLO1: Apply health care
financial and accounting
concepts in organizational
decision making.
ACHE5. Business Skills and
Knowledge: The ability to apply
business principles, including systems
thinking, to the healthcare environment.
6. Apply principles of
financial management in
the strategic planning
process.
PLO1: Apply health care
financial and accounting
concepts in organizational
decision making.
ACHE2: Leadership
The ability to inspire individual and
organizational excellence, create a
shared vision and successfully manage
change to attain the organization’s
strategic ends and successful
performance.
ACHE4: Knowledge of the
Healthcare Environment
The understanding of the healthcare
system and the environment in which
healthcare managers and providers
function.
ACHE5: Business Skills and
Knowledge: The ability to apply
business principles, including systems
thinking, to the healthcare environment.
7. Interpret health care
financial statements.
PLO1: Apply health care
financial and accounting
ACHE5. Business Skills and
Knowledge: The ability to apply
40
MHA612 FINANCIAL & MANAGERIAL ACCOUNTING COURSE GUIDE
Course Learning Outcome Program Learning Outcome Professional Standards
(ACHE & NCHL)
concepts in organizational
decision making.
business principles, including systems
thinking, to the healthcare environment.
8. Discuss capital formation
strategies for health care
organizations.
PLO1: Apply health care
financial and accounting
concepts in organizational
decision making.
ACHE1: Communication and
Relationship Management: The
ability to communicate clearly and
concisely with internal and external
customers, establish and maintain
relationships, and facilitate constructive
interactions with individuals and
groups.
ACHE4: Knowledge of the
Healthcare Environment
The understanding of the healthcare
system and the environment in which
healthcare managers and providers
function.
ACHE5. Business Skills and
Knowledge: The ability to apply
business principles, including systems
thinking, to the healthcare environment.
