school of health professions 2021 - 2022 Catalog

Graduate Certificate in Healthcare Finance and Economics (CRHF)

Program Description

A Graduate Certificate in Healthcare Finance and Economics (CRHF) is available for working professionals who would like to expand their knowledge and further their education in healthcare finance and economics without pursuing a full graduate degree in healthcare administration. It is a flexible, 100% online, 12-semester hour program, provided in an accelerated 8-week format. 

Up to two courses that meet the academic requirements are eligible to transfer into the Master of Science in Healthcare Administration program should you choose to continue on towards the MSHA degree. 

Admission to the Program

The CRHF certificate program begins three times a year, in the Summer, Fall and Spring. The application period will open on January 1st for Summer, March 1st for Fall, and August 1st for Spring. The deadline for the receipt of the application, supporting documentation, and application fee is April 1st for Summer, July 1st for Fall and December 1st for Spring.

Application Process

To be considered for admission, applicants must have one of the following qualifications:

  • Bachelor’s degree from an accredited university with a minimum cumulative GPA of 2.7.

The following are considered in the admissions process:

  • All official college transcripts
  • Minimum cumulative GPA of 2.7

It is in the best interest of the applicant to apply as early as possible. Applicants should understand that fulfillment of the basic requirements does not guarantee admission.

CRHF Curriculum

Students admitted to the CRHF program will be required to complete 12 semester credit hours with passing grades and a cumulative GPA of 2.7 or better to meet the certificate requirements.


REQUIRED COURSES
HPHC 5311      Healthcare Finance
HPHC 5313      Healthcare Economics & Policy
HPHC 5320      Health Insurance & Reimbursement*


ELECTIVES*
HPHC 5321      Healthcare Operations & Supply Chain Management*
HPHC 5323      Business Innovation & Entrepreneurship in Healthcare*
*Students must complete one of the electives.
Optional Electives for MSHA graduates*
HPHC 5318      Organizational Behavior in Healthcare*
HPHC 5322      Quality, Patient Safety, and Risk Management*


Four courses are required for this certificate. 

A maximum of two core courses (5311 and 5313) may be transferred from the MSHA program to the Certificate program. 

*It is preferred that students take courses 5320 and either 5321 or 5323 within the Certificate program. If an MSHA students has taken one or two of those courses as electives within the MSHA program, then they may take an optional elective to make up for each of those courses. 

CRHF graduates may enroll in the MSHA program. They may transfer two core courses from the Certificate Program into the MSHA program. 


  • HPHC 5302 Medical Sociology (3:3:0,O)

    This course provides an introduction to central topics in the sociology of medicine, health, and illness. Topics include but are not limited to: epidemiology, history of medicine in the West, public health, the social stratification of illness, the medical profession, and health care provision, access and delivery. In exploring these topics, emphasis will be placed on how socio-economic factors such as age, gender, ethnicity, race, and financial status affect health care.

  • HPHC 5311 Healthcare Finance (3:3:0,O)

    This course introduces students to the core concepts of financial management in healthcare, including interpretation of financial reports, financial ratio analysis, cost and profit analysis, planning and budgeting, time value analysis, financing, investments, capital budgeting, and current accounts management. The purpose of this class is to assist the student in developing the necessary analytical ability, attitudes, and decision making skills required of a healthcare manager in a changing environment.

  • HPHC 5313 Healthcare Economics and Policy (3:3:0,O)

    The course introduces the concepts of economic theory and analysis within the health services industry focusing on healthcare consumption, supply and demand, healthcare resource allocation, and the impact of health policy on the delivery of healthcare in the U.S.

  • HPHC 5318 Organizational Behavior in Healthcare (3:3:0,O)

    The purpose of this course is to help students gain an appreciation of the theory of organizations and how this theory shapes the way healthcare administrators come to think about their administrative responsibilities and the range of options available to them through the literature. Understanding the attitudes and behaviors of individuals and groups in healthcare organizations will also be emphasized. Students will learn about organizational strategy that draws from and integrates a number of disciplines, including organization theory, finance, planning, and marketing. Course concepts will be applied in a series of cases.

  • HPHC 5320 Health Insurance and Reimbursement (3:3:0,O)

    This course provides an overview of health insurance, including public and private payers, self-funded insurance, managed care, health insurance markets, and policy changes that impact these areas. In addition, the course will cover healthcare payment systems and reimbursement methods of various payers in the health services marketplace.

  • HPHC 5321 Healthcare Operations and Supply Chain Management (3:3:0,O)

    This course examines operational issues in healthcare management. Healthcare operations topics include systems analysis, forecasting, facility location and design models, decision analysis techniques, inventory control, CQI and statistical quality control. The course also integrates key components of supply chain management, including strategic sourcing and purchasing, acquisition, logistics, inventory management, and point of use applications, providing understanding, knowledge and evaluation models to operate and manage an organization's enterprise resource planning and management system.

  • HPHC 5322 Quality, Patient Safety, & Risk Management (3:3:0,O)

    This course introduces the concepts of health care risk and quality management and how these domains go hand in hand with patient safety. Class work addresses the major elements of risk management program including claims management, risk financing, risk reduction, and emergency preparedness. A "systems" approach to health care quality is provided including performance improvement methodologies, tools and strategic initiatives to address continuous quality improvement. Appropriate standards, laws, and regulatory requirements are covered with special emphasis on compliance with Joint Commission accreditation.

  • HPHC 5323 Healthcare Business Innovation & Entrepreneurship (3:3:0,O)

    This course will explore the evolving world of healthcare innovation from a business perspective to include the entrepreneurial side of human health advancements. Technology is an institutional imperative driving innovation through value-chain optimization and strategic convergence and/or divergence across all sub-sectors within healthcare, including sectors such as pharmaceuticals, biotechnology, medical devices and health informatics. The course will evaluate the entrepreneurial process, strategic thinking and new venture exploration while focusing on rapid growth and technological implementation and close considerations within the healthcare sector.