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Jody Woodworth
In order to be a leader/administrator in thehealthcareindustry, you must have a basic understanding of healthcare finance, risk, legal and regulatory issues in order to navigate and change the system. Managing risk is one of the primary responsibilities of a leader. This requires a basic understanding of the financial health and regulatory constraints one operates within to anticipate and address changing dynamics.
Read more
In order to be a leader/administrator in thehealthcareindustry, you must have a basic understanding of healthcare finance, risk, legal and regulatory issues in order to navigate and change the system. Managing risk is one of the primary responsibilities of a leader. This requires a basic understanding of the financial health and regulatory constraints one operates within to anticipate and address changing dynamics.
Read more
In order to be a leader/administrator in thehealthcareindustry, you must have a basic understanding of healthcare finance, risk, legal and regulatory issues in order to navigate and change the system. Managing risk is one of the primary responsibilities of a leader. This requires a basic understanding of the financial health and regulatory constraints one operates within to anticipate and address changing dynamics.
This course will focus on healthcare economics and financeto help you articulate new approaches to managing costs and improving access, quality and safety. You will learn how to assess the fiscal status of a healthcare organization. Strategic planning, marketing, quality assurance and risk management initiatives for healthcare organizations will also be explored.
Register for this course and see more details by visiting:
OpenCourser.com/course/o7g5iv/healthcare
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What's inside
Learning objectives
- How to evaluate the relevance of economics in all aspects of healthcare.
- How to analyze economic concepts and models as they apply to healthcare.
- How to identify the diverse aspects of healthcare financing.
- How to assess economic problems in order to develop and implement economic policy.
- How to evaluate the economic advantages and policy options of healthcare market reform.
- How to evaluate the relevance of economics in all aspects of healthcare.
- How to analyze economic concepts and models as they apply to healthcare.
- How to identify the diverse aspects of healthcare financing.
- How to assess economic problems in order to develop and implement economic policy.
- How to evaluate the economic advantages and policy options of healthcare market reform.
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Develops concepts and models relevant to economics in healthcare
Taught by experienced instructors in healthcare finance, risk, legal, and regulatory issues
Explores strategic planning, marketing, quality assurance, and risk management initiatives for healthcare organizations
Suitable for leaders and administrators in the healthcare industry
Requires a basic understanding of healthcare finance and economics
Save this course
Save Healthcare Finance, Economics and Risk to your list so you can find it easily later:
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Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Healthcare Finance, Economics and Risk with these
activities:
Review Healthcare Economics Principles
Show steps
Refresh your understanding of basic healthcare economics principles before starting the course. This will strengthen your foundation and make it easier to grasp the concepts covered in the course.
Browse courses on
Healthcare Economics
Show steps
-
Review textbooks, articles, or online resources
-
Attend a refresher course or workshop
-
Identify areas where you need additional support
Compile Resources
Show steps
Gather articles, videos, and other resources to supplement your understanding of the concepts. This will provide you with a comprehensive knowledge base and support your learning throughout the course.
Show steps
-
Identify relevant topics and keywords
-
Search for and collect resources from reliable sources
-
Organize and categorize your findings
-
Annotate and highlight key points
Host a Study Group
Show steps
Form study groups with classmates to review course material, discuss key concepts, and clarify any doubts. This will foster a collaborative learning environment and strengthen your understanding.
Show steps
-
Recruit classmates with diverse backgrounds and strengths
-
Establish regular meeting times and locations
-
Prepare and present discussion topics
-
Engage in active discussions and share insights
-
Reflect on the learning experience and make adjustments as needed
Five other activities
Expand to see all activities and additional details
Show all eight activities
Explore Healthcare Finance Software
Show steps
Familiarize yourself with healthcare finance software and tools to enhance your practical skills. This will equip you to effectively manage financial operations and make informed decisions in the healthcare industry.
Show steps
-
Identify popular healthcare finance software platforms
-
Attend online tutorials or workshops
-
Practice using the software to perform financial analysis
-
Explore advanced features and functionalities
-
Seek guidance from industry experts or online forums
Develop a Practical Plan
Show steps
Create a practical plan for implementing healthcare finance and risk management strategies in a healthcare organization. This will help you apply the concepts you learn and gain hands-on experience.
Show steps
-
Identify the healthcare organization's financial and risk challenges
-
Research best practices and explore innovative solutions
-
Develop a comprehensive plan that outlines your proposed strategies
-
Present your plan to stakeholders and seek feedback
-
Implement the plan and monitor its effectiveness
Solve Healthcare Finance Problems
Show steps
Practice solving healthcare finance problems to improve your analytical skills and deepen your understanding of financial concepts. This will prepare you for real-world scenarios and enhance your decision-making abilities.
Show steps
-
Find practice problems in textbooks, online resources, or past exams
-
Identify the key concepts and assumptions involved
-
Develop a step-by-step solution plan
-
Apply relevant formulas and calculations
-
Check your answers and identify areas for improvement
Attend Healthcare Finance Conference
Show steps
Attend a healthcare finance conference to gain insights from experts, learn about best practices, and expand your professional network. This will broaden your perspectives and keep you updated with industry trends.
Show steps
-
Research upcoming healthcare finance conferences
-
Select a conference that aligns with your interests
-
Register and make arrangements for travel and accommodation
-
Actively participate in sessions and engage with speakers
-
Connect with professionals and exchange ideas
Mentor Junior Healthcare Professionals
Show steps
Share your knowledge and experience by mentoring junior healthcare professionals who are interested in healthcare finance. This will not only benefit others but also reinforce your own understanding.
Show steps
-
Identify and connect with junior healthcare professionals
-
Share your expertise and provide guidance
-
Encourage them to ask questions and engage in discussions
-
Provide feedback and support their professional development
Review Healthcare Economics Principles
Show steps
Refresh your understanding of basic healthcare economics principles before starting the course. This will strengthen your foundation and make it easier to grasp the concepts covered in the course.
Browse courses on
Healthcare Economics
Show steps
Show steps
Show steps
- Review textbooks, articles, or online resources
- Attend a refresher course or workshop
- Identify areas where you need additional support
Compile Resources
Show steps
Gather articles, videos, and other resources to supplement your understanding of the concepts. This will provide you with a comprehensive knowledge base and support your learning throughout the course.
Show steps
Show steps
Show steps
- Identify relevant topics and keywords
- Search for and collect resources from reliable sources
- Organize and categorize your findings
- Annotate and highlight key points
Host a Study Group
Show steps
Form study groups with classmates to review course material, discuss key concepts, and clarify any doubts. This will foster a collaborative learning environment and strengthen your understanding.
Show steps
Show steps
Show steps
- Recruit classmates with diverse backgrounds and strengths
- Establish regular meeting times and locations
- Prepare and present discussion topics
- Engage in active discussions and share insights
- Reflect on the learning experience and make adjustments as needed
Five other activities
Expand to see all activities and additional details
Show all eight activities
Explore Healthcare Finance Software
Show steps
Familiarize yourself with healthcare finance software and tools to enhance your practical skills. This will equip you to effectively manage financial operations and make informed decisions in the healthcare industry.
Show steps
Show steps
Show steps
- Identify popular healthcare finance software platforms
- Attend online tutorials or workshops
- Practice using the software to perform financial analysis
- Explore advanced features and functionalities
- Seek guidance from industry experts or online forums
Develop a Practical Plan
Show steps
Create a practical plan for implementing healthcare finance and risk management strategies in a healthcare organization. This will help you apply the concepts you learn and gain hands-on experience.
Show steps
Show steps
Show steps
- Identify the healthcare organization's financial and risk challenges
- Research best practices and explore innovative solutions
- Develop a comprehensive plan that outlines your proposed strategies
- Present your plan to stakeholders and seek feedback
- Implement the plan and monitor its effectiveness
Solve Healthcare Finance Problems
Show steps
Practice solving healthcare finance problems to improve your analytical skills and deepen your understanding of financial concepts. This will prepare you for real-world scenarios and enhance your decision-making abilities.
Show steps
Show steps
Show steps
- Find practice problems in textbooks, online resources, or past exams
- Identify the key concepts and assumptions involved
- Develop a step-by-step solution plan
- Apply relevant formulas and calculations
- Check your answers and identify areas for improvement
Attend Healthcare Finance Conference
Show steps
Attend a healthcare finance conference to gain insights from experts, learn about best practices, and expand your professional network. This will broaden your perspectives and keep you updated with industry trends.
Show steps
Show steps
Show steps
- Research upcoming healthcare finance conferences
- Select a conference that aligns with your interests
- Register and make arrangements for travel and accommodation
- Actively participate in sessions and engage with speakers
- Connect with professionals and exchange ideas
Mentor Junior Healthcare Professionals
Show steps
Share your knowledge and experience by mentoring junior healthcare professionals who are interested in healthcare finance. This will not only benefit others but also reinforce your own understanding.
Show steps
Show steps
Show steps
- Identify and connect with junior healthcare professionals
- Share your expertise and provide guidance
- Encourage them to ask questions and engage in discussions
- Provide feedback and support their professional development
Career center
Learners who complete Healthcare Finance, Economics and Risk will develop knowledge and skills
that may be useful to these careers:
Healthcare Administrator
Healthcare Administrator
Healthcare Administrators plan, direct, coordinate, and supervise the delivery of healthcare to patients. This course will help you develop the skills you need to manage a healthcare organization, including financial management, risk management, and strategic planning. You will also learn about the legal and regulatory issues that healthcare organizations face.
Health Insurance Analyst
Health Insurance Analyst
Health Insurance Analysts analyze and interpret data to help health insurance companies make decisions about coverage and pricing. This course will help you develop the skills you need to analyze healthcare data, including financial data, claims data, and utilization data. You will also learn about the legal and regulatory issues that health insurance companies face.
Healthcare Consultant
Healthcare Consultant
Healthcare Consultants provide advice and guidance to healthcare organizations on a variety of topics, including financial management, risk management, and strategic planning. This course will help you develop the skills you need to be a successful healthcare consultant, including financial analysis, risk assessment, and strategic planning. You will also learn about the legal and regulatory issues that healthcare organizations face.
Healthcare Economist
Healthcare Economist
Healthcare Economists analyze and interpret data to help healthcare policymakers make decisions about healthcare policy. This course will help you develop the skills you need to be a successful healthcare economist, including economic analysis, econometrics, and healthcare policy. You will also learn about the legal and regulatory issues that healthcare policymakers face.
Public Health Administrator
Public Health Administrator
Public Health Administrators plan, direct, and coordinate public health programs and services. This course will help you develop the skills you need to be a successful public health administrator, including financial management, risk management, and strategic planning. You will also learn about the legal and regulatory issues that public health administrators face.
Financial Analyst
Financial Analyst
Financial Analysts analyze and interpret financial data to help make investment decisions. This course will help you develop the skills you need to be a successful financial analyst, including financial analysis, modeling, and valuation. You will also learn about the legal and regulatory issues that financial analysts face.
Health Policy Analyst
Health Policy Analyst
Health Policy Analysts analyze and interpret data to help healthcare policymakers make decisions about healthcare policy. This course will help you develop the skills you need to be a successful health policy analyst, including policy analysis, health economics, and healthcare policy. You will also learn about the legal and regulatory issues that health policy analysts face.
Risk Manager
Risk Manager
Risk Managers identify, assess, and mitigate risks. This course will help you develop the skills you need to be a successful risk manager, including risk assessment, risk management, and risk communication. You will also learn about the legal and regulatory issues that risk managers face.
Actuary
Actuary
Actuaries analyze and interpret data to help insurance companies make decisions about risk and pricing. This course will help you develop the skills you need to be a successful actuary, including financial analysis, risk assessment, and pricing. You will also learn about the legal and regulatory issues that actuaries face.
Underwriter
Underwriter
Underwriters evaluate and assess risks to determine whether or not to provide insurance coverage. This course will help you develop the skills you need to be a successful underwriter, including risk assessment, underwriting, and policy analysis. You will also learn about the legal and regulatory issues that underwriters face.
Auditor
Auditor
Auditors examine and evaluate financial and operational records to ensure accuracy and compliance. This course will help you develop the skills you need to be a successful auditor, including auditing, accounting, and financial analysis. You will also learn about the legal and regulatory issues that auditors face.
Compliance Officer
Compliance Officer
Compliance Officers ensure that organizations comply with laws and regulations. This course will help you develop the skills you need to be a successful compliance officer, including compliance auditing, regulatory analysis, and risk management. You will also learn about the legal and regulatory issues that compliance officers face.
Data Analyst
Data Analyst
Data Analysts analyze and interpret data to help organizations make decisions. This course will help you develop the skills you need to be a successful data analyst, including data analysis, data visualization, and data mining. You will also learn about the legal and regulatory issues that data analysts face.
Market Researcher
Market Researcher
Market Researchers conduct research to identify and understand customer needs and preferences. This course will help you develop the skills you need to be a successful market researcher, including research methods, data analysis, and marketing strategy. You will also learn about the legal and regulatory issues that market researchers face.
Statistician
Statistician
Statisticians collect, analyze, and interpret data to help organizations make decisions. This course will help you develop the skills you need to be a successful statistician, including statistical methods, data analysis, and data visualization. You will also learn about the legal and regulatory issues that statisticians face.
For more career information including salaries, visit:
OpenCourser.com/course/o7g5iv/healthcare
Reading list
We've selected 15 books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Healthcare Finance, Economics and Risk.
Provides a comprehensive overview of healthcare economics and finance, and is commonly used as a textbook at academic institutions.
This handbook covers healthcare finance, and useful reference tool for healthcare professionals.
Focuses on risk management in healthcare, which key learning objective of the course.
Provides a theoretical and practical overview of healthcare economics, and is commonly used as a textbook at academic institutions.
Covers healthcare finance, which key learning objective of the course.
Save
Provides an overview of economics in healthcare, and is commonly used as a textbook at academic institutions.
Provides a textbook-level overview of healthcare economics, and is commonly used at academic institutions.
Covers healthcare marketing, which is one of the topics explored in the course.
Focuses on healthcare reform, which is one of the topics explored in the course.
Covers strategic planning for healthcare organizations, which is one of the topics explored in the course.
Covers quality assurance and risk management in healthcare, which is one of the topics explored in the course.
Covers healthcare law and ethics, which is not directly covered in the course but relevant topic for healthcare professionals.
Provides a guide to health care finance for physicians. It valuable resource for physicians who want to learn more about the financial aspects of health care and how to manage their practice finances.
Provides an overview of health care law and ethics. It valuable resource for students and practitioners who want to learn more about the legal and ethical issues that affect health care.
Provides a comprehensive handbook of health economics. It valuable resource for students and practitioners who want to learn more about the economic principles that underlie health care decision-making.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/o7g5iv/healthcare
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Effort
5 to 10 hours per week for 5 weeks
Level
Intermediate
Via
edX
Institution
Doane University
Instructor
Jody Woodworth
Language
English
Transcript
English
This course belongs to a
collection
called
Certified Lifestyle Medicine Executive. It's comprised of ten courses:
- Essentials of Lifestyle Medicine and Population Health
- Principles of Health Law and Regulatory Issues
- Healthcare Finance, Economics and Risk (viewing)
- Population Health: Disease Prevention and Management
- U.S. Healthcare Systems
- Health Informatics Technology in Population Healthcare Analytics
- Fundamentals of Advocacy in Health Policy
- Leading Organizational Change in Healthcare
- Applying Leadership and Strategy Fundamentals in Healthcare
- Certified Lifestyle Medicine Executive Comprehensive Exam
Good to know
Develops concepts and models relevant to economics in healthcare
Taught by experienced instructors in healthcare finance, risk, legal, and regulatory issues
Explores strategic planning, marketing, quality assurance, and risk management initiatives for healthcare organizations
Suitable for leaders and administrators in the healthcare industry
Requires a basic understanding of healthcare finance and economics
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