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Introduction to Healthcare Accounting

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Introduction to Healthcare Accounting

This course is part of Healthcare Management and Finance Specialization

Instructor: Simone Singh

4,552 already enrolled

Included with

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4 modules

Gain insight into a topic and learn the fundamentals.

23 reviews

Beginner level

No prior experience required

2 weeks to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

23 reviews

Beginner level

No prior experience required

2 weeks to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

What you'll learn

Develop an understanding of basic financial accounting concepts and principles.
Explain the format and use of the financial statements for healthcare organizations.
Apply basic financial statement analysis techniques to evaluate the financial condition and performance of healthcare organizations.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

20 assignments

Taught in English

91% of learners achieved a positive career outcome

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Build your subject-matter expertise

This course is part of the Healthcare Management and Finance Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 4 modules in this course

To remain sustainable, it's crucial for healthcare organizations to effectively manage their finances. In Introduction to Healthcare Accounting, you’ll learn how to understand and manage hospital finances. This includes the cost of patient care, major payers and reimbursements, resource efficiency, and the modernization of facilities. Hands-on course assessments will allow you to apply financial analysis to gain a deeper understanding of institutional revenues and balances, so that you can make informed decisions for your institution. With this course, you’ll emerge with a crucial understanding of institutional finances and become a more effective leader.

Module details

This week provides an introduction to healthcare financial accounting. The learning objectives are: (1) define the term financial accounting; (2) describe the unique characteristics of the healthcare industry that impact the work of financial accountants; and (3)summarize the basic principles applied by financial accountants when they prepare the financial statements.

What's included

4 videos8 readings4 assignments

4 videosTotal 25 minutes

Welcome to the Introduction to Healthcare Accounting2 minutes
Week 1 Overview1 minute
Introduction to Financial Accounting and the Financial Statements11 minutes
Generally Accepted Accounting Principles11 minutes

8 readingsTotal 100 minutes

Meet Your Instructor10 minutes
Course Syllabus10 minutes
Pre-Course Survey10 minutes
Week 1 Instructions10 minutes
Unique Characteristics of the Healthcare Industry30 minutes
Quiz 1-3 Materials 10 minutes
Assignment 1 Materials10 minutes
Optional Supplemental Readings10 minutes

4 assignmentsTotal 120 minutes

Quiz 1-120 minutes
Quiz 1-220 minutes
Quiz 1-320 minutes
Week 1 Graded Assessment60 minutes

This week, we'll continue our discussion of the financial statements. The learning objectives are: (1) explain the purpose and content of the balance sheet; and (2) explain the purpose and content of the statement of operations.

What's included

6 videos6 readings5 assignments

6 videosTotal 32 minutes

Week 2 Overview0 minutes
Balance sheet: Assets5 minutes
Balance Sheet: Liabilities and Net Assets6 minutes
Statement of Operations: Revenues8 minutes
Statement of Operations: Expenses and Profit7 minutes
Accounting for Depreciation6 minutes

6 readingsTotal 60 minutes

Week 2 Instructions10 minutes
The Balance Sheet10 minutes
Review Question (Interactive version)10 minutes
The Statement of Operations10 minutes
Assignment 2 Material 10 minutes
Optional Supplemental Readings10 minutes

5 assignmentsTotal 130 minutes

Review Question (Plain text version)10 minutes
Quiz 2-1 20 minutes
Quiz 2-220 minutes
Quiz 2-320 minutes
Week 2 Graded Assessment60 minutes

This week we'll continue our discussion of the financial statements. There are three learning objectives: (1) explain the purpose and contents of the statement of changes in net assets; (2) explain the purpose and contents of the statement of cash flows; and (3) use the notes to complement the information provided in the financial statements of a health care organization.

What's included

4 videos6 readings6 assignments

4 videosTotal 16 minutes

Week 3 Overview1 minute
Statement of Changes in Net Assets6 minutes
Statement of Cash Flows7 minutes
Notes to the Financial Statements3 minutes

6 readingsTotal 60 minutes

Week 3 Instructions10 minutes
Statement of Changes in Net Assets10 minutes
Statement of Cash Flows10 minutes
Notes to the Financial Statements10 minutes
Assignment 3 Material10 minutes
Optional Supplemental Readings10 minutes

6 assignmentsTotal 180 minutes

Review Question30 minutes
Quiz 3-120 minutes
Review Question30 minutes
Quiz 3-220 minutes
Quiz 3-320 minutes
Week 3 Graded Assessment60 minutes

This week, we will wrap up our introduction to healthcare, financial accounting by exploring how we can use the information provided in the financial statements to evaluate the financial position and performance of a health care organization. There are three learning objectives: (1) describe the three primary techniques used in financial statement analysis; (2) compute key financial ratios to assess the profitability, liquidity, capital structure and efficiency of a healthcare organization; and (3) develop recommendations to improve the financial performance of a health organization, based on the results of your financial statement analysis.