Accounting with Healthcare Administration

Advances your understanding of how to use financial information to value and analyze firms. Uses an understanding of a firm's strategy, what is contained in financial reports, why firms report certain information, and how to be a sophisticated user of this information. Evaluates current performance and its future sustainability, forecasts future profitability and risk, and values businesses using earnings and book value data. Develops a foundation to effectively communicate financial information.

Investigates and evaluates techniques for identifying and measuring business risk and for devising strategies incorporating risk analysis into strategic planning. Ties strategic objectives, risks, internal controls and critical success factors to business performance measurements to evaluate an entity's progress toward achieving strategic goals. Includes both quantitative and qualitative measurements and emphasizes effective communication of financial information.

Examines major international dimensions of financial and managerial accounting. Discusses national and cultural influences on accounting and on the accounting profession. Investigates financial regulation and IFRS accounting and financial reporting standards. Investigates corporate decisions related to methods of currency translation and accounting for gains and losses from exchange rate fluctuations. Explores managerial accounting issues raised by international organizations.

Students will explore how technologies like cloud computing, blockchain, and non-generative Artificial Intelligence (AI) are revolutionizing the field of accounting by automating accounting processes, enhancing accuracy and efficiency in financial reporting, and ensuring compliance with evolving regulations. The course also addresses critical issues like cybersecurity, data privacy, and ethical considerations specific to the accounting profession. Future trends will also be explored.

Focuses on complex frauds (including financial statement fraud, tax fraud and money laundering), and on non-fraud forensic accounting engagements (including cases of patent infringement, commercial damages and anti-trust.) Covers related investigation methods and legal issues, valuation models, reporting and communicating findings, testifying as an expert witness and other litigation advisory services.

Students will focus on the application of technologies in auditing and how the technologies change the audit processes and the audit profession. The course covers data-driven audit methods, the use of AI and machine learning in the audit processes.

Students learn about the U.S. health care system, including the government's role in the industry, cost and quality issues, managed care, reimbursement mechanisms, legal and regulatory issues, profit vs. non-profit care, the role of technology, and then compare it to international health care systems. Students will begin to conceptualize new models of delivery through analysis of barriers to process improvement and the use of design thinking and analytics. Students will appraise development, implementation and management of system components.

Managing information as a strategic resource is challenging. Students will design IT systems to capture, combine, and transform data into information to measure processes/outcomes of care, support clinical decision-making and management decisions, empower patients, and improve health care operations. Students explore health information systems within the context of associated business processes to develop innovative solutions. Management of change as related to clinical systems will also be stressed to help build buy-in, engage individuals and ultimately improve workflow and system design.

Students learn to apply elements of regulation, law and ethics to the administrative process in a variety of healthcare settings and situations. Healthcare administrators can avoid many legal disputes by understanding basic concepts such as patient rights, informed consent and privacy regulations. Course themes include the legal barriers that interfere with process improvement, malpractice, and the limits on sharing information across institutions. Students analyze recent legal developments, including the Affordable Care Act, medical marijuana, and right to die legislation.