Master Resource Outline

 

Course Title: NRSG 613 Financing and Budgeting of Healthcare Systems

Credits: 2 (lecture)

Semesters Offered: Spring, Summer 

Prerequisites: None 

Degree: MN, DNP

AACN Core Competencies for Advanced-Level Nursing Education: 1, 2, 3, 4, 5 ,7, 8

MRJCON DNP & MN Program Learning Outcome: Students completing the graduate nursing program will evaluate, integrate, translate, and apply evidence from nursing science and other disciplines in the delivery of care. 

 

Course Description:

Course provides a comprehensive overview of the intersection between financial management principles and the healthcare industry. Students will gain practical skills and theoretical knowledge that can be applied in real-world healthcare settings to ensure delivery of high-quality care while managing financial resources effectively.

 

Catalog Description:

This course focuses on the application of fiscal management principles of healthcare systems. Emphasis is on healthcare economics, fiscal management, and budgeting concepts as they relate to quality healthcare.

 

Course Learning Outcomes: Upon completing this course the student will be able to:

  1. Integrate the principles of financial management, strategic planning, budgeting, and utilization of resources to determine the related outcomes on healthcare access, cost, quality and sustainability.
  2. Assess the political, policy and regulatory guidelines (local and federal) and their influence on the provision of healthcare and the economics of healthcare organizations.
  3. Assimilate the concepts of billing practices and reimbursement and their influence on the sustainability of a healthcare practice and organizations.
  4. Demonstrate the ability to analyze financial statements and interpret financial balance sheets as required to evaluate the financial health of a healthcare practice or organization.
  5. Evaluate the impact of strategic planning and the use of business plans on the provision of healthcare and patient outcomes.
  6. Demonstrate the ability to analyze and construct a proposal for a new healthcare initiative to advocate for cost-effective, outcome-based patient care strategies and practice standards.

 

Exemplars of Course Learning Outcomes:         

  1. Students post 6 finance-related discussions throughout semester (CLO 1, 2, 3, 4)
  2. Student interviews with a manager regarding a finance-based case (CLO 1,4)
  3. Students develop a Financial Project Proposal that is then presented in peer review (CLO 1,6)

 

AACN Competencies [AACN Essentials, 2021] 

 

This course introduces:  

2.5 Develop evidence-based interventions to improve outcomes and safety (2.5j)

2.6 Contribute to the development of policies and processes that promote transparency and accountability (2.6h)

2.7 Synthesize outcome data to inform evidence-based practice, guidelines, and policies (2.7f)

2.9 Analyze system-level and public policy influence on care coordination (2.9i)

3.3 Analyze cost-benefits of selected population-based interventions (3.3c)

7.2 Analyze relevant internal and external factors that drive healthcare costs and reimbursement (7.2g)

7.2 Evaluate health policies based on an ethical framework considering cost-effectiveness, health equity, and care outcomes (7.2l)

8.1 Explore the fiscal impact of information and communication technologies on health care (8.1j)

This course develops:  

2.5 Prioritize risk mitigation strategies to prevent or reduce adverse outcomes (2.5i)

3.3 Advocate for interventions that maximize cost-effective, accessible, and equitable resources for populations (3.3e)

3.4 Identify opportunities to influence the policy process (3.4f)

7.2 Advocate for healthcare economic policies and regulations to enhance value, quality, and cost-effectiveness (7.2i)

This course advances: 

2.5 Lead and collaborate with an interprofessional team to develop a comprehensive plan of care (2.5h)

2.9 Guide the coordination of care across health systems (2.9h)

5.1 Lead the development of a business plan for quality improvement initiatives (5.1m)

5.1 Advocate for change related to financial policies that impact the relationships between economics and quality care delivery (5.1n)

7.2 design practices that enhance value, access, quality, and cost-effectiveness (7.2h)

7.2 Formulate, document, and disseminate the return on investment for improvement initiatives collaboratively with an interdisciplinary team (7.2j)

7.2 Recommend system-wide strategies that improve cost-effectiveness considering structure, leadership, and workforce needs (7.2k)

 

Curricular Threads addressed in this course:

  • Social Determinants of Health 
  • Communication 
  • Ethics 
  • Clinical Judgment 

 

Approved by GAAC: 12/1/23

Approved by Faculty: 12/14/23