Course Description
Financial management in healthcare organizations including capital structure decisions, working capital management, mergers and acquisitions, and value creation strategies. Covers both for-profit and nonprofit healthcare entities with attention to unique regulatory and reimbursement considerations.
Credit Hours
3 credits (3 lecture)
Prerequisites
FIN 601 or equivalent corporate finance
Student Learning Outcomes
- Evaluate capital structure decisions for healthcare organizations
- Analyze working capital management in revenue cycle context
- Assess healthcare M&A transactions: valuation, synergies, integration
- Structure financing for healthcare facilities and equipment
- Manage financial risk including interest rate and currency exposure
- Develop value creation strategies aligned with healthcare market dynamics
Course Topics
- Capital Structure: Debt vs. Equity in Healthcare
- Working Capital: Revenue Cycle Management, Days in AR
- Capital Budgeting: CON, Facility Planning, Technology Investment
- Debt Financing: Tax-Exempt Bonds, Bank Loans, Leasing
- M&A in Healthcare: Deal Structures, Regulatory Approval, Integration
- Financial Restructuring and Turnaround
- Corporate Governance: Board Finance Committees
Required Textbooks
- Gapenski: Healthcare Finance (7th ed.)
- Brealey, Myers: Principles of Corporate Finance
Evaluation Methods
Case Studies (35%), Financial Analysis Project (30%), Exams (25%), Participation (10%)