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Course catalog

Healthcare Management · Proposed course

Quantitative Financial Management in Healthcare

Course code
MHM 603
Credit hours
3
Program
MHM
Delivery
Hybrid/Online

Course description

Course overview

This course provides an analytical approach to financial management within healthcare organizations. Students will apply quantitative tools and methods for budgeting, forecasting, cost analysis, and performance evaluation. Emphasis is placed on financial decision-making using data analytics, capital planning, and the interpretation of financial statements to support operational and strategic goals.

Course content is presented for institutional review and remains subject to approval and revision.

Academic focus

Course objectives

  1. 01

    Understand financial principles and accounting fundamentals relevant to healthcare organizations.

  2. 02

    Apply quantitative methods to analyze and interpret healthcare financial data.

  3. 03

    Evaluate capital budgeting, cost control, and resource allocation decisions using data-driven models.

  4. 04

    Develop financial strategies to support operational efficiency and long-term organizational sustainability.

Learning outcomes

Upon completion

  1. CLO 1

    Apply financial and accounting principles to healthcare decision-making (maps to PLO 3, PLO 5).

  2. CLO 2

    Utilize quantitative models for cost analysis and budgeting (maps to PLO 2, PLO 3).

  3. CLO 3

    Interpret and evaluate healthcare financial reports (maps to PLO 1, PLO 3).

  4. CLO 4

    Design and assess data-driven financial management strategies (maps to PLO 2, PLO 6).

Proposed syllabus

Weekly course schedule

The sequence below reflects the current 15-week syllabus and remains subject to institutional review.

  1. Week 1

    Introduction to Healthcare Finance and Quantitative Methods

  2. Week 2

    Financial Statement Analysis and Interpretation

  3. Week 3

    Healthcare Accounting Principles

  4. Week 4

    Cost Behavior and Cost Allocation Models

  5. Week 5

    Budgeting and Forecasting in Healthcare

  6. Week 6

    Financial Ratio and Variance Analysis

  7. Week 7

    Break-Even and Sensitivity Analysis

  8. Week 8

    Midterm Exam and Case Study

  9. Week 9

    Capital Budgeting and Investment Evaluation

  10. Week 10

    Revenue Cycle Management and Cash Flow Analysis

  11. Week 11

    Quantitative Risk and Return Models

  12. Week 12

    Performance Metrics and Benchmarking

  13. Week 13

    Financial Decision-Making in Managed Care

  14. Week 14

    Student Financial Strategy Presentations

  15. Week 15

    Final Exam and Review

Evaluation

Assessment and grading

  • Financial Analysis Project – 30%
  • Midterm Exam – 20%
  • Final Exam – 25%
  • Homework & Quantitative Exercises – 15%
  • Participation – 10%
A = 90–100%B = 80–89%C = 70–79%F = Below 70%

Course resources

Required texts and materials

  • Gapenski, L. C., & Reiter, K. L. (2020). Healthcare finance: An introduction to accounting and financial management (7th ed.). Health Administration Press.
  • Supplementary materials, including case studies and financial datasets, will be provided through the course LMS.