Health Finance Specialization

The Health Finance specialization has two sub-specialization areas:

Health Services Financial Management

The Health Services Financial Management specialization prepares students to organize and interpret financial information as the basis of decision-making.

You’ll study financial and managerial accounting, financial statements, business plans, budgeting, capital planning, cost accounting, managerial control, working capital management, and payment systems.

Financial managers measure the flow of funds into and out of the organization, plan for investments in buildings and new technology, and forecast future surpluses and deficits for the organization as a whole and its departments. As a financial manager, you’ll work closely with other professionals—accountants, administrators, computer programmers, records managers, and planners—whose decisions have an impact on the organization’s financial status and who rely on your skills and advice.

DEGREE CORE COURSES

CORE-GP.1011, Statistical Methods for Public, Nonprofit, and Health Management
CORE-GP.1018, Microeconomics for Public Management, Planning, and Policy Analysis
CORE-GP.1020, Managing Public Service Organizations (MPSO)
CORE-GP.1021, Financial Management for Public, Nonprofit, and Health Organizations
CORE-GP.1022, Introduction to Public Policy

Required Courses

HPAM-GP.1830, Introduction to Health Policy and Management OR HPAM-GP.2836, Current Issues in Health Policy 

HPAM-GP.1833, Health Services Management
HPAM-GP.2845, Advanced Health Care Payment Systems
PADM-GP.4130, Fundamentals of Accounting
HPAM-GP.4830, Health Economics: Principles
HPAM-GP.4833, Health Care Management I: Control and Organizational Design
HPAM-GP.4834, Health Care Management II: Adaptation and the Professional Manager
HPAM-GP.4840, Financial Management for Health Care Orgs - I: Financial Management and Budgeting
HPAM-GP.4841, Financial Management for Health Care Orgs - II: Capital Financing and Advanced Issues

Recommended Electives

Students may wish to organize their electives around the following areas:

 

Topics in Finance

PADM-GP.2142, Financial Management for Global Nonprofit Organizations
PADM-GP.2146, Topics in Municipal Finance
PADM-GP.4128, Financial Statement Analysis for Healthcare and Not-for-Profit Organizations
PADM-GP.4139, Investment Management for Public and Nonprofit Organizations

Topics in Health Policy and Management

PADM-GP.2170, Performance Measurement and Management for Public, Nonprofit, and Health Care Organizations
PADM-GP.2173, Operations Management for Public, Nonprofit, and Health Contexts
HPAM-GP.2825, Continuous Quality Improvement
HPAM-GP.2836, Current Issues in Health Policy
PADM-GP.4111, Managing Service Delivery
HPAM-GP.4822, Healthcare Information Technology: Public Policy and Management
HPAM-GP.4831, Health Economics: Topics in Domestic Health Policy
HPAM-GP.4835, Principles of Human Resources Management for Health Care Organizations
HPAM-GP.4844, Realities of Academic Medical Centers I
HPAM-GP.4852, Ethical Issues in Healthcare Management
HPAM-GP.4853, Healthcare Law and Ethics

HealthCare Public Finance

The Healthcare Public Finance specialization gives students the concepts and skills needed for careers that focus on the financial aspects of healthcare policy and the healthcare delivery system. You’ll take courses in public expenditure analysis, social insurance programs, taxation, and debt financing, among others.

Healthcare public finance positions are located in every sector, and many graduates move between positions during their careers. They might be budget officers and analysts, consultants, finance directors, grant managers, program auditors, financial analysts, bond raters, investment bankers, and bond insurance underwriters.

Required Courses

HPAM-GP.1830, Introduction to Health Policy and Management OR HPAM-GP.2836, Current Issues in Health Policy 

PADM-GP.2140, Public Economics and Finance
PADM-GP.2902, Multiple Regression and Introduction to Econometrics
PADM-GP.4130, Fundamentals of Accounting
HPAM-GP.4830, Health Economics: Principles
HPAM-GP.4831, Health Economics: Topics in Domestic Health Policy

Recommended Electives

HPAM-GP.2836, Current Issues in Health Policy
PADM-GP.4128, Financial Statement Analysis for Healthcare and Not-for-Profit Organizations