Graduate Studies and Research
Western Kentucky University
Office of the Dean
745-2446
REPORT TO THE UNIVERSITY SENATE
DATE:
FROM:
October 2006
Graduate Studies
The Graduate Council submits the following items for consideration. Items marked with
an asterisks [*] are information items. All other items are consent items:
I. One time Only
EDU 524-Educational Assessment*
II. Create a Course
HCA 401G – Fundamentals of Health Care Financial
III. Revise a Program
090- MS in Physical Educational Pedagogy Option
.
Proposal Date: 02/22/06
College of Health & Human Services
Department of Public Health
(Action Item)
1. Proposal to Create a New Course
Contact Person: David Wyant
2.
david.wyant@wku.edu
270-745-6973
Identification of proposed course
1.1
Prefix and Number: HCA 401G
1.2
Title: Fundamentals of Health Care Financial Management
1.3 Abbreviated title: Fund Health Financial Mgt
1.4 Credit hours and Contact Hours: 3 hours
1.5 Type of Course: Lecture
1.6
1.7
2.
Prerequisites: Permission of the instructor
Catalog course listing:
Principles of financial management for health care organizations. Financial ratios applicable to health
providers and insurance companies; issues in the healthcare revenue cycle and value chain; recognizing
sources of risk in reimbursement; and addressing risk in financial plans.
Rationale
2.1
Reason for developing the course:
Financial management is a critical competency for healthcare administrators. This course, which will
be an elective course, will offer students the opportunity to go beyond the core courses to develop a
more in depth understanding of financial management in health care settings.
2.2
Projected enrollment in the proposed course:
5-10 graduate students per semester based on current program enrollment and option
choices between this course and other HCA electives. This course will be offered
jointly with HCA401 with a projected enrollment of 10-15 undergraduate students.
2.3
Relationship of the proposed course to courses now offered by the department:
The course complements HCA545 Managerial Finance for Health Services. The courses offer different
applications of fundamental financial management tools. For example, net present value is applied to
capital budgeting in HCA545, and net present value is applied to valuation of a firm in HCA401G;
HCA545 addresses models that combine multiple financial ratios (Dupont, sustainable growth, cash
conversion cycle), HCA401G addresses financial ratios for insurance companies and hospitals. HCA
545, which is the core course, contains the applications that would most often be expected by
certification reviewers. Either course could be taken first.
2.4
Relationship of the course to courses offered in other departments:
While the Gordon College of business offers courses in financial management such as FIN 509
Managerial Finance and FIN 519 Advanced Managerial Finance, the courses are not focused on
managing health care organizations.
2.5
Relationship of the proposed course to courses offered in other institutions:
Most graduate healthcare management programs have a course or courses that cover
much of the material in this course. For example, much of the material in this course
was covered in the MHA programs at Iowa and Xavier when the instructor taught at
those schools, and similar material is taught at the University of Kentucky.
3.
Discussion of proposed course
3.1 Course objectives:
A. Students should acquire skills for
1. Asset valuation
2. Analyzing the financial condition of a not for profit health care organization
3. Analyzing the financial condition of an insurance company
B. Students should acquire knowledge of
1. The major measures of financial risk, including the Capital Asset Pricing Model
2. The major institutional features of financial markets
3. Principles of capital structure and cost of capital
4. Principles of financial accounting
5. The concepts of revenue cycle and value chain
6. The major stages of the life cycle of firms
3.2
3.3
Content outline:
Lectures will address a range of financial management tools for health care managers.
The course will be structured as:
Module 1 Valuation Net Present Value, Basic Accounting Statements, Firm Valuation
with NPV.
Module 2 Ratios Intro to Ratio Analysis; Ratios for Not for Profit Hospitals, Ratios
for Insurance Companies
Module 3 Risk Risk Management and Insurance
Module 4 Topics in Long Term Finance Capital Structure and the Cost of Capital
Module 5 Revenue Cycle, Firm Life Cycle
Student expectations and requirements:
Students will engage in a variety of exercises, case studies and projects. These include
discussion cases which each individual prepares but are not handed in; group cases,
which each group prepares and hands in; a quiz over financial accounting terms; and
critical reading assignments which are designed to better prepare students to critique
sources of financial information. A significant percentage of the homework
assignments and discussion cases will be represented with at least one question on the
tests. The list of potential test questions will be shorter for HCA401 than for
HCA401G. For example, both undergraduate and graduate students will do a group
case where the value of a firm is estimated by a discounted cash flow analysis of
projected financial statements, but only the graduate students will have a similar
problem on their test. For the term project each student does a ratio analysis of an
actual firm of their choice, which the students will hand in. The students will also
present their analysis on the last day. For the term project undergraduate and
graduate students each do a financial analysis of three years data, but the required
analysis is more involved for graduate students, and graduate students are required to
create proforma projections for the next three years. All students will make at least
two presentations of a discussion case or a group case to the class.
3.4
Tentative texts and course materials:
Gapenski, Cases in Healthcare in Finance, 2nd edition (Chicago, AUPHA) 2002
4.
5.
Resources
4.1
Library resources: The resources available at the WKU Library are adequate for the proposed course.
The department will purchase additional readings that may be required beyond the WKU library
holdings.
4.2
Computer resources: The computer resources are sufficient within the department and the university.
Budget Implications
5.1
Proposed method of staffing:
Present faculty members in the Public Health Department are sufficient to teach the proposed course.
5.2
Special equipment needed: None.
5.3
Expendable materials needed:
None
5.4
Laboratory supplies needed:
None
6.
Proposed term for implementation: Summer 2006
7.
Dates of prior committee approvals
Department of Public Health
_Feb 3 2006_
CHHS Graduate Curriculum Committee
Feb 14_2006
Graduate Council
__April 13 2006_______
University Curriculum Committee
_________
University Senate
_________
Attachments: Bibliography, Library Resources Form, Course Inventory Form
Bibliography to support HCA 401 Fundamentals of Health Care Financial Management.
HC157 .B8 S5 1974
SUGAR AND SLAVERY; AN ECONOMIC HISTORY OF THE BRITISH WEST INDIES,
1623-1775 [BY] RICHARD B. SHERIDAN. Baltimore, Johns Hopkins University Press [1974,
1973]
HD7102 .U4 S83
WELFARE MEDICINE IN AMERICA; A CASE STUDY OF MEDICAID [BY] ROBERT
STEVENS & ROSEMARY STEVENS.New York, Free Press [1974]
HD7125 .W473 2003.
FALSE ALARM : WHY THE GREATEST THREAT TO SOCIAL SECURITY AND
MEDICARE IS THE CAMPAIGN TO "SAVE" THEM / JOSEPH WHITE. Baltimore: Johns
Hopkins University Press, 2003.
HG4028.M4 W468 2001
MERGERS AND ACQUISITIONS / J. FRED WESTON. New York ; London : McGraw-Hill,
2001.
HG9396 .I577 2004
INSURING AMERICA'S HEALTH : PRINCIPLES AND RECOMMENDATIONS /
COMMITTEE ON THE CONSEQUENCES OF UNINSURANCE, BOARD ON HEALTH
CARE SERVICES, INSTITUTE OF MEDICINE OF THE NATIONAL
ACADEMIES.Washington, DC : National Academies Press, c2004
R345 .S28
MEDICINE AND SLAVERY : THE DISEASES AND HEALTH CARE OF BLACKS IN ANTEBELLUM
VIRGINIA / TODD L. SAVITT.Urbana : University of Illinois Press, c1978
R463 .O6 S56x 1998
THE DOCTOR DILEMMA : PUBLIC POLICY AND THE CHANGING ROLE OF PHYSICIANS UNDER
ONTARIO MEDICARE / S.E.D. SHORTT. Montreal ; Ithaca : McGill-Queen’s University Press, 1998.
R723.5 .K53 1986
DOCTORS’ DECISIONS AND THE COST OF MEDICAL CARE : THE REASONS FOR DOCTORS’
PRACTICE PATTERNS AND WAYS TO CHANGE THEM / JOHN M. EISENBERG Ann Arbor, Mich. : Health
Administration Press Perspectives, 1986.
R728 .E94 2004
EVIDENCE-BASED PRACTICE MANUAL: RESEARCH AND OUTCOME MEASURES IN HEALTH AND
HUMAN SERVICES / EDITED BY ALBERT R. ROBERTS, KENNETH R. YEAGER Oxford ; New York :
Oxford University Press, c2004.
R728 .H3628 2004
HIPAA PLAIN & SIMPLE : A COMPLIANCE GUIDE FOR HEALTHCARE
PROFESSIONALS / CAROLYN P. HARTLEY, EDWARD D. JONES III ; FOREWORD BY
LOUIS W. SULLIVAN.[Chicago] : AMA Press, c2004.
R728.5 .C37 2000
PHYSICIAN'S COMPENSATION : MEASUREMENT, BENCHMARKING, AND
IMPLEMENTATION / LUCY R. CARTER, SARA S. LANKFORD. New York : Wiley, c2000.
R728 .E87 2004
ESSENTIALS OF PHYSICIAN PRACTICE MANAGEMENT / [EDITED BY] BLAIR A. KEAGY, MARCI S.
THOMAS. San Francisco : Jossey-Bass, 2004
RA395.A3 K57 1998
BLEEDING EDGE: THE BUSINESS OF HEALTH CARE IN THE NEW CENTURY/ J.D.
KLEINKE. Gaithersburg, Md: Aspen Publishers, 1998.
RA395.A3 N47 2001
THE NEW POLITICS OF STATE HEALTH POLICY / EDITED BY ROBERT B. HACKEY
AND DAVID A. ROCHEFORT. Lawrence : University Press of Kansas, 2001.
RA395 .A3 S77 1982
THE SOCIAL TRANSFORMATION OF AMERICAN MEDICINE / PAUL STARR. New
York : Basic Books, C1982.—
RA399.A1 P497 1999.
PHYSICIAN PROFILING : A SOURCE BOOK FOR HEALTH CARE ADMINISTRATORS /
EDITED BY NEILL F. PILAND, KERSTIN B. LYNAM. San Francisco : Jossey-Bass, c1999.
RA410.5 .C688 1996.
COST-EFFECTIVENESS IN HEALTH AND MEDICINE / EDITED BY MARTHE R. GOLD
... [ET AL.]. New York : Oxford University Press, 1996
RA410.5 .D77 1999
METHODS FOR THE ECONOMIC EVALUATION OF HEALTH CARE PROGRAMMES /
MICHAEL F. DRUMMOND ... ET AL.]. Oxford ; New York : Oxford University Press, 1997.
RA413 .W75 2002
FINANCIAL STRATEGY FOR MANAGED CARE ORGANIZATIONS : RATE SETTING,
RISK ADJUSTMENT, AND COMPETITIVE ADVANTAGE / CHARLES WILLIAM
WRIGHTSON, JR Chicago, Ill. : Health Administration Press, c2002
RA413.7.A4 D68 1996
COMPETITIVE PRICING FOR MEDICARE / BRYAN E. DOWD, ROGER FELDMAN, AND
JON CHRISTIANSON Washington, D.C. : AEI Press, 1996
RA644.6 .M36 2001
MANAGED CARE AND THE TREATMENT OF CHRONIC ILLNESS / JON B.
CHRISTIANSON ...[ET AL.]. Thousand Oaks, Calif. : Sage Publications, c2001.
RA776.9 .C69 1991
THE COSTS OF POOR HEALTH HABITS / Willard G. Manning .. [et al.] Cambridge, Mass. :
Harvard University Press, 1991
RA967 .K43 2004.
LAUNCHING A HEALTHCARE CAPITAL PROJECT : WHAT EVERY EXECUTIVE
SHOULD KNOW / JOHN E. KEMPER. Chicago : Health Administration Press, 2004.
RA971.3 .C25 1998
FINANCIAL MANAGEMENT IN A MANAGED CARE ENVIRONMENT / CLAUDIA R.
CAMPBELL, HOMER H. SCHMITZ, LINDA C. WALLER. Albany : Delmar Publishers,
c1998.
RA971.3 .S87 1999
OUTSOURCING IN HEALTH CARE: THE ADMINISTRATOR'S GUIDE/Jo Surpin and Geri
Weideman Chicago:AHA Press,c1999
RA971.38 .K38 1997.
RISK MANAGEMENT IN HEALTH CARE INSTITUTIONS : A STRATEGIC APPROACH /
FLORENCE KAVALER, ALLEN D. SPIEGEL. Sudbury, Mass. : Jones and Bartlett Publishers,
c1997.
RA971.38 .R58 2001.
RISK MANAGEMENT HANDBOOK FOR HEALTH CARE ORGANIZATIONS /
AMERICAN SOCIETY FOR HEALTHCARE RISK MANAGEMENT ; ROBERTA
CARROLL, EDITOR. San Francisco : Jossey-Bass, c2001
RA981.A2 H558 1997
HOSPITAL & PHYSICIAN RATE-SETTING SYSTEMS: A REFERENCE MANUAL FOR
DEVELOPING AND IMPLEMENTING RATE STRUCTURES / JERRY CROMWELL ... [ET
AL.]. Chicago, Ill. : Irwin Professional Pub. ; [Oak Brook, Ill.]: HFMA c1997.
RA981 .A2 N48 1983
THE NEW HEALTH CARE FOR PROFIT : DOCTORS AND HOSPITALS IN A
COMPETITIVE ENVIRONMENT / EDITED BY BRADFORD H. GRAY (INSTITUTE OF
MEDICINE).Washington, D.C. : National Academy Press, 1983.
RA981 .A2 R59 1987
THE CARE OF STRANGERS : THE RISE OF AMERICA’S HOSPITAL SYSTEM /
CHARLES E. ROSENBERG. New York : Basic Books, c1987
Proposal Date: 2/22/2006
College of Health & Human Services
Department of Physical Education & Recreation Administration
Proposal to Revise a Program
Consent (Revise title only) Item
Contact Person: Randy Deere
e-mail: randy.deere@wku.edu
Phone: 5-2357
2. 1. Identification of program
1.1 Reference Number: 090
1.2 Current Program Title: MS in Physical Education Pedagogy Option
1.3 Credit hours: 33
3. 2. Identification of the proposed changes:
Change program title from MS in Physical Education Pedagogy Option to MS in Physical Education
Teacher Education Option
4. 3. Detailed program description:
The Master of Science in Physical Education has two options. Option 1 is a concentration in
Exercise Science. Option 2 is a concentration in Pedagogy. The proposed title change only
addresses the Pedagogy Option changing to the Teacher Education Option.
5. 4. Rationale for proposed program revisions:
Changing the title from MS in Physical Education Pedagogy Option to MS in Physical Education
Teacher Education Option provides a more definitive explanation of program option
6. 5. Proposed term for implementation and special provisions:
Term: eg. Summer 2006
Provisions, if applicable:
7. 6. Dates of prior committee approvals:
Physical Education & Recreation Administration Department
2/21/06
CHHS Curriculum Committee
3/30/06
Professional Education Council
04/12/2006
WKU Graduate Council
04/13/2006
University Senate
Attachment: Program Inventory Form