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Developing Quantitative Skills in MHA Studies

Learn the essential quantitative skills needed for managing healthcare organizations, from analyzing financial statements to risk assessment. Proficiency with Microsoft Excel is a must.

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Developing Quantitative Skills in MHA Studies

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  1. Developing Quantitative Skills during your MHA Studies Sean Gregory, MBA, MS, PhD gregory@tamhsc.edu

  2. Problems Facing Managers • Problems facing Health Care Managers are inherently quantitative in nature • Consider the “Triple Aim” • Increase Quality • Reduce Costs • Improve the Patient Experience • Consider the shift from Fee for Service to Fee for Value • Significant change to nature of Revenue • Accountable Care Organizations (ACOs) • Risk bearing requirements

  3. What tools do I need? • Microsoft Excel • Your new best friend! • Proficiency with Excel is a basic requirement • Primer/tutorial is your first assignment in PHPM 623 • Plenty of materials available online and in hard copy to help you gain proficiency • http://sunburst.usd.edu/~bwjames/tut/excel/ • Youtube • Excel manuals available at the bookstore • Case Studies in PHPM 623 come with Excel spreadsheets to assist you in your analysis

  4. An Overview of the Finance Track • Health Care Finance I • Basic rules and structure of Managerial Accounting • Accounting Basics • Analysis of Financial Statements • Budgets • Reporting • Time Value of Money • Health Care Finance II • Time Value of Money • Core Finance Concepts • Debt Financing • Equity • Leasing • Risk Assessment • Basic Financial Case Analysis • Capital Budgeting

  5. Finance vs. Financial Management • Finance vs. Financial Management • Employment of the tools and theory we have reviewed in case-based, problem solving activities • The idea is to begin to understand how to manage the financial aspects of Health Care Organizations, or at least participate in those discussions (e.g. governance etc.) • Review of some concepts • Financial Statements, Leases, Capital Structure • Focus on most contemporary topics • Joint Ventures, Business Valuation (for M&A) • Risk Analysis • Capitation and Provider Payment Systems • Working Capital and Cash Management

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