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HMBA 600. Introduction to Healthcare Management
This course serves as an introduction course examining the mixed results of the recent efforts to apply management principles to health care delivery. It will utilize lectures and group activities facilitated by faculty members who will teach fundamental portions of the Healthcare Management MBA courses. Students are introduced to the goals, expectations, and methods that are used throughout the program including case analysis methodology, business plan preparation and business research, and analysis skills and techniques. The ongoing emphasis on relational learning will be explained and stressed as well. Three credits.
HMBA 601. Current Issues in Healthcare Management
This course is designed to expose students to major US healthcare initiatives through a series of seminars led by leading healthcare executives. The course will also look at the Healthcare systems in countries around the world and how they compare with the methods in the United States. Prerequisite: HMBA 600. Three credits.
HMBA 602. Human and Legal Aspects of Healthcare Management
In this course, students will learn to recognize potential legal problems in various healthcare settings, identify the issues and rights that are implicated, and propose solutions or plans of action. There is an emphasis on formulating analyses clearly, both orally and in writing. Among the subject areas covered are licensing, professional liability, confidentiality, informed consent, professional relationships, access issues, and antitrust. Three credits.
HMBA 603. Healthcare Managerial Economics
This course utilizes the tools of economic thinking and economic analysis to examine the current state of health and healthcare in both the United States and international economies. Economic concepts to be discussed include scarcity, rationing, the roles of the free market and government, sensitivity to price, determinants of the demand for, and the supply of, healthcare, and production possibilities. These and other tools will be used to examine such topics as changing demographics, alternative production and delivery systems, health insurance, regulation of the health sector, the reimbursement approval process, the emergence of consumer driven healthcare, and the legal environment. Three credits.
HMBA 605. Healthcare Research and Information Technology
As the recent changes in healthcare are now data driven and data clarified, the proper use of the available data is extremely important. Topics will include data driven analysis and data mining to determine various scenarios for possible future healthcare applications, as well as the effectiveness of existing applications (open heart surgery vs. catherization and stent placement as well as the cost benefits of same). Prerequisite: HMBA 604. Three credits.
HMBA 606. Healthcare Marketing
Students will learn to identify foreign and domestic market opportunities, select and execute a market entry strategy, and design / manage a successful marketing mix. Students will gain exposure to the essentials of market analysis (buyer behavior and customer analysis) and the tools marketers rely on to fill customers' and consumers' expectations. Three credits.
HMBA 608. Capstone Project
Every student will complete one of three options to tie together important concepts from the Healthcare MBA curriculum: a working marketing plan for an organization to be selected by the instructor, a case study of an existing health care organization by applying principles of strategic management, marketing, and competitive analysis in health care organizations, or a functioning and comprehensive three year business plan or, in the alternative, a complete set of operating policies for a non-profit health care facility/institution. Prerequisite: HMBA 605 and HMBA 606 or prior approval by director. Three credits.
HMBA 609. Financial Statement Analysis of Healthcare Organizations
The basic concepts of understanding financial statements are developed and explained, with an emphasis on the necessity of understanding
these statements, the underlying methodologies used in preparing them and the implications of choices made by accountants. Tools for
analyzing profitability, liquidity, leverage, and alternatives available within generally accepted accounting principles on financial statements,
in terms of management’s financial reporting strategy are also explored. Additional topics include Medicare cost reporting, cost accounting
applied to care episodes and the predominant reimbursement methodologies. Prerequisite: HMBA 603. Three credits.
HMBA 610. Strategic Financial Management of Healthcare Organizations
Financial management techniques, policies and theories are discussed, and cases, as well as problem-scenario analyses, relevant to healthcare,
using these topics are fully explored. These topics and policies include: strategies for acquiring and applying current and long-term assets,
working capital, total capitalization, and profit distribution (presented in the context of share price maximization). Other topics include leasing,
risk analysis, project evaluation and cost of capital, negotiating and implementing managed care contracts, and mergers and acquisitions of
healthcare organizations. Prerequisite: HMBA 609. Three credits.
HMBA 611. Public Health Policy Considerations
This course will utilize numerous guest speakers, lawmakers, providers and funders to address the future of healthcare in the U.S. from both an economic and political perspective. In light of current economic and political pressures, this course examines the concepts underlying federal entitlement programs, private sector health benefit programs, alternative health policy approaches, potential insurance reforms, tax policy as it relates to health care insurance, tax credits versus deductions, and federal regulation of prices for and supply of services. Three credits.
HMBA 612. Strategic Planning and Management of Healthcare Systems
This case study driven course will cover the operational management of interrelated systems, inpatient and outpatient systems and the future of all existing delivery systems given the new political realities as well as the existing and potential future economic conditions of the U.S, within a global economy. Mergers, acquisitions, divestitures and practice consolidations are also studied. Three credits.
HMBA 613. Supply Chain and Project Management in Healthcare Systems
An introduction to both U.S. and global strategies and a description of the role of well-organized and operated supply chain management systems as an essential lifecycle process within the healthcare industry. Topics may include: understanding regulated national and global supply chains and supply chain management; regulatory challenges in various supply chains. Students will explore project management topics and skills, including the core body of knowledge, project life cycle and other aspects of project management as it relates to the health care industry. Three credits.