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Ch.1&2_Introduction

Ch.1&2_Introduction - WELCOMETOHPM340...

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1 WELCOME TO HPM 340 Foundations of Health Care  Financial Management Fall 2009 “…financial management…help[s] guide [an] organization through [a] set of opportunities,…and …reinvest … money in wise ways….” 1 1 Donald Berwick, MD. “hfmQ&A. Donald Berwick MD: connecting finance and quality.” hfm. October 2008, pp 54-5.
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2 Agenda Introductions Administrative Issues Course Design & Requirements Setting the Stage
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3 About you… Name (and what you prefer to be called) Adviser Previous finance / accounting courses Career goals Anything you hope to learn in this class Any concerns you have about this class Anything else you would like me to know
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4 Administrative Issues Office hours Contact information & availability
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5 Classroom Policies Attendance is not mandatory, but is required for success in this course Please, abide by the Honor Code http://instrument.unc.edu Only appropriate use of technology during class
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6 In-class exercise As you may recall from financial accounting, the basic formula for determining a firm’s net income is: Revenues – Expenses = Net income Assume you are given the following for Mercy Hospital: Revenues $20,000,000 Expenses $19,000,000 Calculate Mercy Hospital’s net income.
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7 My expectations of you Come to class ready to participate Ask questions / make suggestions Work hard Think hard Come see me if you need help
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