Course Detail
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| FINANCIAL MANAGEMENT in HEALTHCARE ORGANIZATIONS | SAYD1167530 | Fall Semester | 3+0 | 3 | 8 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | Turkish |
| Course Level | Third Cycle (Doctorate Degree) |
| Course Type | Elective |
| Course Coordinator | Prof.Dr. Yeter USLU |
| Name of Lecturer(s) | Prof.Dr. Hasan DİNÇER |
| Assistant(s) | Res. Ass. Mehmet AVDAN |
| Aim | The aim is to enable Health Management students to approach financial problems encountered in the health sector from a strategic, analytical, and evidence-based perspective; to evaluate financial decision-making processes at the micro and macro levels; to critically analyze financial management theories in the context of health systems; and to develop original solutions for sustainable health financing models. |
| Course Content | This course contains; Introduction: Fundamentals of Health Finance and Financial Objectives,Risk and Return Relationship,Time Value of Money and Discounting Applications,Bonds and Fixed Income Securities,Stock Valuation,Risk Measurement and Financial Analysis,Economic Evaluation Methods in Health,Capital Budgeting and Investment Decisions,Cash Flow Analysis and Project Evaluation,Capital Structure and Cost of Capital,Uncertainty and Risky Investment Decisions,Catastrophic Health Expenses and Financial Protection,Healthcare Financing Models and Reimbursement Systems,Comparisons of Health Financing in Turkey and Around the World. |
| Course Learning Outcomes | Teaching Methods | Assessment Methods |
| 1. Critically analyzes value and valuation theories within the framework of financial theories and interprets them by modeling them in the context of the healthcare sector. | A | |
| 2. Applies the concept of the time value of money using advanced financial mathematics techniques and develops scenario-based analyses for investment decisions. | A | |
| 3. Evaluates the functioning of securities markets from a macroeconomic and financial system perspective; establishes its relationship with healthcare sector investments. | A | |
| 4. Analyzes and interprets the valuation of bonds and other fixed-income securities using advanced financial modeling techniques. | A | |
| 5. Evaluates the concepts of return and risk within the framework of modern portfolio theory and financial risk measurement methods (β coefficient, variance, standard deviation, CAPM, etc.); performs risk analysis by adapting them to healthcare investments. | A | |
| 6. Comparatively analyzes capital structure theories (Modigliani-Miller, Trade-off, Pecking Order, etc.); calculates the cost of capital and develops optimal capital structure recommendations for healthcare institutions. | A | |
| 7. Methodologically applies economic evaluation methods in healthcare services (cost-effectiveness, cost-benefit, cost-utility, cost-minimization analyses) and interprets the findings at the policy level. | A | |
| 8. Evaluates the development of global health expenditures using multivariate analysis techniques; conducts comparative financial performance analyses between countries. | A | |
| 9. Analyzes the determinants of catastrophic health expenditures from an econometric and social policy perspective; assesses their effects in terms of poverty, equality, and fairness. | A | |
| 10. Compares health financing models in the world and Turkey within a structural and institutional framework; analyzes the relationship between reimbursement mechanisms and coding systems (DRG, ICD, package payment, etc.) and develops system design recommendations. | A |
| Teaching Methods: | |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Introduction: Fundamentals of Health Finance and Financial Objectives | Reading the relevant book |
| 2 | Risk and Return Relationship | Reading the relevant book |
| 3 | Time Value of Money and Discounting Applications | Reading the relevant book |
| 4 | Bonds and Fixed Income Securities | Reading the relevant book |
| 5 | Stock Valuation | Reading the relevant book |
| 6 | Risk Measurement and Financial Analysis | Reading the relevant book |
| 7 | Economic Evaluation Methods in Health | Reading the relevant book |
| 8 | Capital Budgeting and Investment Decisions | Reading the relevant book |
| 9 | Cash Flow Analysis and Project Evaluation | Reading the relevant book |
| 10 | Capital Structure and Cost of Capital | Reading the relevant book |
| 11 | Uncertainty and Risky Investment Decisions | Reading the relevant book |
| 12 | Catastrophic Health Expenses and Financial Protection | Reading the relevant book |
| 13 | Healthcare Financing Models and Reimbursement Systems | Reading the relevant book |
| 14 | Comparisons of Health Financing in Turkey and Around the World | Reading the relevant book |
| Resources |
| 1) Fundamentals of Financial Management, E.F. Brigham and J. Houston, Concise Edition. 2) Sağlık Kurumlarında Finansal Yönetim, Anadolu Üniversitesi Yayınları No:2863. 3) Introduction to the Financial Management of Healthcare Organizations, M. Nowicki, Eighth Edition |
| Lecture notes |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | 1. S(he) has deep theoretical and applied knowledge about organization, financing, utilization and outcomes of health services and follows the developments. | X | |||||
| 2 | 2. S(he) develops a new conceptual framework, analyzes the framework and reaches original results by critically assessing the existing health policies from an interdisciplinary perspective. | X | |||||
| 3 | 3. S(he) gains the advanced level skills in health services research methods. | X | |||||
| 4 | 4. S(he) can develop a new scientific method for an issue in the field of health management or apply a known method to a different matter. | X | |||||
| 5 | 5. S(he) can critically analyze and synthesize an original topic related to the field of health management. | X | |||||
| 6 | 6. s(he) contributes to the state of the art by independently carrying out an original research on a subject in the field of health management that is either an innovative idea or a new method or an application of a known method to a different matter. | X | |||||
| 7 | 7. S(he) expands the boundary of knowledge in the field of health management through publications in nationally or internationally recognized journals. | X | |||||
| 8 | 8. S(he) leads the groups engaged in solution of original and interdisciplinary matters of health management. | X | |||||
| 9 | 9. S(he) develops a new idea and/or method, with innovative and critical thinking skills. | X | |||||
| 10 | 10. S(he) shares his/her original opinions and suggestions verbally and in writing about a subject s(he) produced in the field of health management in a variety of arenas. | X | |||||
| 11 | 11. S(he) communicates verbally and in writing in a foreign language at least at the European Language Portfolio C1 Level. | ||||||
| 12 | 12. S(he) contributes to the coursework of informing society of political, economic, technological, social, demographic, and cultural events pertinent to health management. | X | |||||
| 13 | 13. S(he) produces solutions or supports the relevant process to the problems of societal, scientific, and ethical. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 50 | |
| Rate of Final Exam to Success | 50 | |
| Total | 100 | |
| ECTS / Workload Table | ||||||
| Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
| Course Hours | 14 | 3 | 42 | |||
| Guided Problem Solving | 5 | 3 | 15 | |||
| Resolution of Homework Problems and Submission as a Report | 13 | 6 | 78 | |||
| Term Project | 1 | 30 | 30 | |||
| Presentation of Project / Seminar | 2 | 3 | 6 | |||
| Quiz | 0 | 0 | 0 | |||
| Midterm Exam | 1 | 35 | 35 | |||
| General Exam | 1 | 45 | 45 | |||
| Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
| Total Workload(Hour) | 251 | |||||
| Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(251/30) | 8 | |||||
| ECTS of the course: 30 hours of work is counted as 1 ECTS credit. | ||||||
Detail Informations of the Course
Course Description
| Course | Code | Semester | T+P (Hour) | Credit | ECTS |
|---|---|---|---|---|---|
| FINANCIAL MANAGEMENT in HEALTHCARE ORGANIZATIONS | SAYD1167530 | Fall Semester | 3+0 | 3 | 8 |
| Course Program |
| Prerequisites Courses | |
| Recommended Elective Courses |
| Language of Course | Turkish |
| Course Level | Third Cycle (Doctorate Degree) |
| Course Type | Elective |
| Course Coordinator | Prof.Dr. Yeter USLU |
| Name of Lecturer(s) | Prof.Dr. Hasan DİNÇER |
| Assistant(s) | Res. Ass. Mehmet AVDAN |
| Aim | The aim is to enable Health Management students to approach financial problems encountered in the health sector from a strategic, analytical, and evidence-based perspective; to evaluate financial decision-making processes at the micro and macro levels; to critically analyze financial management theories in the context of health systems; and to develop original solutions for sustainable health financing models. |
| Course Content | This course contains; Introduction: Fundamentals of Health Finance and Financial Objectives,Risk and Return Relationship,Time Value of Money and Discounting Applications,Bonds and Fixed Income Securities,Stock Valuation,Risk Measurement and Financial Analysis,Economic Evaluation Methods in Health,Capital Budgeting and Investment Decisions,Cash Flow Analysis and Project Evaluation,Capital Structure and Cost of Capital,Uncertainty and Risky Investment Decisions,Catastrophic Health Expenses and Financial Protection,Healthcare Financing Models and Reimbursement Systems,Comparisons of Health Financing in Turkey and Around the World. |
| Course Learning Outcomes | Teaching Methods | Assessment Methods |
| 1. Critically analyzes value and valuation theories within the framework of financial theories and interprets them by modeling them in the context of the healthcare sector. | A | |
| 2. Applies the concept of the time value of money using advanced financial mathematics techniques and develops scenario-based analyses for investment decisions. | A | |
| 3. Evaluates the functioning of securities markets from a macroeconomic and financial system perspective; establishes its relationship with healthcare sector investments. | A | |
| 4. Analyzes and interprets the valuation of bonds and other fixed-income securities using advanced financial modeling techniques. | A | |
| 5. Evaluates the concepts of return and risk within the framework of modern portfolio theory and financial risk measurement methods (β coefficient, variance, standard deviation, CAPM, etc.); performs risk analysis by adapting them to healthcare investments. | A | |
| 6. Comparatively analyzes capital structure theories (Modigliani-Miller, Trade-off, Pecking Order, etc.); calculates the cost of capital and develops optimal capital structure recommendations for healthcare institutions. | A | |
| 7. Methodologically applies economic evaluation methods in healthcare services (cost-effectiveness, cost-benefit, cost-utility, cost-minimization analyses) and interprets the findings at the policy level. | A | |
| 8. Evaluates the development of global health expenditures using multivariate analysis techniques; conducts comparative financial performance analyses between countries. | A | |
| 9. Analyzes the determinants of catastrophic health expenditures from an econometric and social policy perspective; assesses their effects in terms of poverty, equality, and fairness. | A | |
| 10. Compares health financing models in the world and Turkey within a structural and institutional framework; analyzes the relationship between reimbursement mechanisms and coding systems (DRG, ICD, package payment, etc.) and develops system design recommendations. | A |
| Teaching Methods: | |
| Assessment Methods: | A: Traditional Written Exam |
Course Outline
| Order | Subjects | Preliminary Work |
|---|---|---|
| 1 | Introduction: Fundamentals of Health Finance and Financial Objectives | Reading the relevant book |
| 2 | Risk and Return Relationship | Reading the relevant book |
| 3 | Time Value of Money and Discounting Applications | Reading the relevant book |
| 4 | Bonds and Fixed Income Securities | Reading the relevant book |
| 5 | Stock Valuation | Reading the relevant book |
| 6 | Risk Measurement and Financial Analysis | Reading the relevant book |
| 7 | Economic Evaluation Methods in Health | Reading the relevant book |
| 8 | Capital Budgeting and Investment Decisions | Reading the relevant book |
| 9 | Cash Flow Analysis and Project Evaluation | Reading the relevant book |
| 10 | Capital Structure and Cost of Capital | Reading the relevant book |
| 11 | Uncertainty and Risky Investment Decisions | Reading the relevant book |
| 12 | Catastrophic Health Expenses and Financial Protection | Reading the relevant book |
| 13 | Healthcare Financing Models and Reimbursement Systems | Reading the relevant book |
| 14 | Comparisons of Health Financing in Turkey and Around the World | Reading the relevant book |
| Resources |
| 1) Fundamentals of Financial Management, E.F. Brigham and J. Houston, Concise Edition. 2) Sağlık Kurumlarında Finansal Yönetim, Anadolu Üniversitesi Yayınları No:2863. 3) Introduction to the Financial Management of Healthcare Organizations, M. Nowicki, Eighth Edition |
| Lecture notes |
Course Contribution to Program Qualifications
| Course Contribution to Program Qualifications | |||||||
| No | Program Qualification | Contribution Level | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | 1. S(he) has deep theoretical and applied knowledge about organization, financing, utilization and outcomes of health services and follows the developments. | X | |||||
| 2 | 2. S(he) develops a new conceptual framework, analyzes the framework and reaches original results by critically assessing the existing health policies from an interdisciplinary perspective. | X | |||||
| 3 | 3. S(he) gains the advanced level skills in health services research methods. | X | |||||
| 4 | 4. S(he) can develop a new scientific method for an issue in the field of health management or apply a known method to a different matter. | X | |||||
| 5 | 5. S(he) can critically analyze and synthesize an original topic related to the field of health management. | X | |||||
| 6 | 6. s(he) contributes to the state of the art by independently carrying out an original research on a subject in the field of health management that is either an innovative idea or a new method or an application of a known method to a different matter. | X | |||||
| 7 | 7. S(he) expands the boundary of knowledge in the field of health management through publications in nationally or internationally recognized journals. | X | |||||
| 8 | 8. S(he) leads the groups engaged in solution of original and interdisciplinary matters of health management. | X | |||||
| 9 | 9. S(he) develops a new idea and/or method, with innovative and critical thinking skills. | X | |||||
| 10 | 10. S(he) shares his/her original opinions and suggestions verbally and in writing about a subject s(he) produced in the field of health management in a variety of arenas. | X | |||||
| 11 | 11. S(he) communicates verbally and in writing in a foreign language at least at the European Language Portfolio C1 Level. | ||||||
| 12 | 12. S(he) contributes to the coursework of informing society of political, economic, technological, social, demographic, and cultural events pertinent to health management. | X | |||||
| 13 | 13. S(he) produces solutions or supports the relevant process to the problems of societal, scientific, and ethical. | X | |||||
Assessment Methods
| Contribution Level | Absolute Evaluation | |
| Rate of Midterm Exam to Success | 50 | |
| Rate of Final Exam to Success | 50 | |
| Total | 100 | |