MGT 572 Financial Management Term: Spring 2016 Credits: 4 quarter credits (prerequisite: MGT 561 or instructor consent) Instructor: Gudrun Granholm ([email protected]) Course meets online: March 28 – June 3, 2016 Face-to-Face Dates: Friday Saturday 4/8/2016 6/4/2016 4:00 – 9:00pm 4:00 – 9:00pm CDRC 3200 CDRC 3200 Required Materials: Rogoff, E. G. (2007). Bankable Business Plans, 2nd ed. Row House Publishing (ISBN- 13: 978-0-9791522-0-7; MSRP $24.95). Finkler, Steven A., et al (2013), Accounting Fundamentals for Health Care Management, 2nd ed. Jones & Bartlett Learning (ISBN-9781-4496-4528-1; MSRP $93.00). Pricing for textbooks may vary by retailer. Additional information about pricing, electronic options (e.g., Kindle), rentals, and used copies is available through your favorite online vendor. Additional materials will be available in Sakai as part of the Course Materials. Students are encouraged to keep copies of readings and links that they may want to use in the future as the materials will no longer be available once the course is complete. Course Description: This course focuses on a central question – how do my decisions add value to the firm? As a manager involved in the healthcare industry, it’s critically important to understand the impact of your operational decisions on the financial statements. How will it impact the health care ratio, the operating margin, the balance sheet, cash flow? This course addresses key financial areas that every healthcare manager, not just the finance team, should understand. It examines how organizations are financed, both from external as well as internal sources. For the external financings, the emphasis is on understanding how organizations are assigned financial ratings by analysts. For internal financing the focus is on working capital management and capital budgeting. The course also covers the valuation of an organization and its assets, along with examining the differences between publicly-held companies versus privately-held entities. This includes working on a deeper understanding of competitor financials and benchmarks. Mergers, acquisitions and other types of joint ventures will also be reviewed. Course Objectives: In order to understand how financing options impact the funding of critical health care initiatives and projects, the course centers on the development of team business plans. The projects can range from investment decisions involving capital equipment to major decisions such as investing in buying a healthcare competitor, line of business, developing a new product or service. This course is foundational for the final Capstone Project.