HCIN 560 - Finance and Insurance Informatics for Healthcare

(3 semester hours)
Prerequisites: HCIN 545 and HCIN 550
Description: Healthcare finance is at the core of issues surrounding quality healthcare delivery and reform in the U.S. healthcare system. It involves balancing the need to manage/control costs, while simultaneously investing in strategic opportunities. This course emphasizes basic financial management theory related to the healthcare industry. This course also investigates the financial relationships between the healthcare provider, the patient, the employer group, and the payer (insurer). Course’s focus is on budgeting, cost control, cost reimbursement, revenue, cost incentive programs, and financial analysis specific to healthcare. Moreover, healthcare billing practices from a variety of healthcare delivery systems are presented including an examination of insurance and reimbursement practices in terms of today’s healthcare industry, and Medicare and Medicaid in terms of payment and governmental policy.