NURS 646 - Healthcare Economics and Financial Management of Nursing Systems

(4 hours) This course provides a scientific basis for effective understanding of the financial management impact on the health care environment and the importance of instrumental implementation of budgeting strategies to insure financially sound healthcare organization. The focus of this course is on accounting principles, cost analysis, planning and control management of the organization’s financial resources, the use of management tools, budgeting process, forecasting, variance analysis, and costing out nursing services. This course emphasizes the evaluation and utilization of leadership skills and financial management to insure cost savings while preserving or enhancing the quality of patient care. During this course, the students will learn how to communicate effectively with financial managers, succeed in their roles in the budgeting process, and assist in the delivery of high-quality patient care at the lowest possible cost.