HCM 670 - Hospital Finance and Managed Care

Examines the underlying theories and features of third party payment systems. An in-depth study is made of the Medicare and Michigan Blue Cross payment systems for hospitals. The role of managed care programs, particularly those of capitated HMOs will also be studied. Also examined are the internal and external financial reporting, operating, and capital budgeting issues related to these payment systems.

Prerequisite(s): Student must be admitted to the Executive MBA program.