Adjunct Instructor: Financial Statements & Analysis of Health Care
The Heinz College of Information Systems and Public Policy at Carnegie Mellon University seeks an adjunct instructor for a new course – Financial Statements & Analysis of Health Care.
This course is a half semester (i.e. 6 weeks) beginning in the spring 2022 semester. The course is a required core course for all students in the MS Health Care Policy & Management and MS Health Care Analytics & Information Technology students in their first year of study. This course assumes that students have industry literacy, but have not been exposed to basic finance/accounting principles or the nuances of health care industry financing in depth.
This course should provide students with an overview of company and business unit finances in the health care industry in order for students to be prepared to analyze an organization's financial position and manage their own operational or project budgets in health care. While students in these programs typically do not assume finance-specific roles, they need to be able to use financial information to drive decisions. Our students receive post-graduate placements across the industry, so while certain concepts may be of value to present with a provider-lens (RVUs, capital purchase processes, etc.), students should leave this course with an understanding of the broader financial dynamics of the industry to be successful in roles in insurance companies, consulting firms, and health care products (pharmaceuticals, medical devices, health care technology). The key components of this course should include:
Basic accounting literacy
Review and use of balance sheets, income statements, and statements of cash flows in the health care industry
Macro-drivers of health care reimbursement in the United States (third-party payers, managed care, health reform – Medicaid expansion, individual mandate, etc.)
Mechanisms of health care reimbursement (charges, cost accounting, prospective payment, capitation, hospital inpatient vs. physician services, value/quality-based models and shared savings)
Managerial and strategic financing in health care: budget methodologies, revenue cycle, capital expenditures
The course design should at minimum include relevant readings and problem sets that allow for applied practice of concepts.
About Heinz College
The Heinz College of Information Systems and Public Policy is home to two internationally recognized graduate-level institutions at Carnegie Mellon University: the School of Information Systems and Management and the School of Public Policy and Management. This unique colocation combined with its expertise in analytics set Heinz College apart in the areas of cybersecurity, health care, the future of work, smart cities, and arts & entertainment. For more information, please visit www.heinz.cmu.edu.
The instructor should be a practitioner or academic with direct experience or research work in health care accounting and finance. Recent experience in teaching graduate or professional courses is preferred.
Carnegie Mellon University shall abide by the requirements of 41 CFR §§ 60-1.4(a), 60-300.5(a) and 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, religion, sex, or national origin. Moreover, these regulations require that covered prime contractors and subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, national origin, protected veteran status or disability.
Internal Number: 89154
About Carnegie Mellon University
Carnegie Mellon (www.cmu.edu) is a private, internationally ranked research university with programs in areas ranging from science, technology and business, to public policy, the humanities and the arts. More than 12,000 students in the university’s seven schools and colleges benefit from a small student-to-faculty ratio and an education characterized by its focus on creating and implementing solutions for real problems, interdisciplinary collaboration and innovation. A global university, Carnegie Mellon’s main campus in the United States is in Pittsburgh, Pa. It has campuses in California’s Silicon Valley and Qatar, and programs in Africa, Asia, Australia, Europe and Mexico.