Course Description
This course is designed to provide public health and health care professionals with the knowledge and understanding of financial management needed to be successful in their daily activities and in dealing with others regarding financial issues. The course provides professionals with a basic level of financial management principles including: understanding financial statements and ratios, using basic tools of financial analysis, preparing an operating budget, understanding public sector budgeting processes, and using financial analysis to help with good public health and health care decision making.
The overall goal of this course is to help public health and health care professionals achieve the core competencies of financial management and to be able to use those skills in making good management decisions.
Course Format
This course is facilitated through Blackboard, UNE’s online learning management system. The course will be delivered in 8 weekly online modules, with each module beginning on Wednesday at 12:01 am ET and ending the following Wednesday at 11:59 pm ET, except for the last week (Week 8), which will begin on Wednesday and end on Sunday. Note all times are Eastern Time. Students will watch online lectures produced by the course instructor and field experts, engage in readings and other media provided by instructors, and will learn from one another through the discussion board and written assignments. Each section of this course will be facilitated by an instructor with significant professional and academic expertise in the area of study. Individual meetings with the course instructor will be up to the student to schedule.
Core Competencies
The following competencies are linked to the coursework for this course and are based on the Core Competency model developed by the Association of Schools and Programs of Public Health (ASPPH):
Course Learning Objectives:
Short Bio. Introduce yourself to your colleagues. You may wish to include a brief description of your experience with financial management, and the questions you may have about financial management as you enter this course.
Staffing Model with ERE Spreadsheet. Build a staffing model for your department. Consider your revenue streams, grant application, possible contracts, and deliverables. Create an excel spreadsheet that includes an Employee Related Expenses (ERE) sheet and the staffing required for your department.
Completed Grant Application. Locate and complete the grant application for a grant for your organization. Download the grant and attach it to your work. Answer these questions about the grant application:
Capital Expenditures Worksheet. Based on the information you have gathered over the last 5 weeks for your chosen department, create a capital expenditures worksheet that provides cost and justification for the expenses. Keep in mind the revenue stream that will fund the expenditures and the possible legal and ethical implications of your expenditures.
Completed Budget. Complete and submit your final budget worksheet. Ensure that it includes your staffing and ERE model information and your capital expenditures information. Show the grant you applied for as a revenue stream. You should include a cover sheet and an executive summary to your budget that describes your department, the deliverables that you expect to complete, metrics for success, and an explanation of your budget numbers.
Discussion Board and Weekly Articles. Each week you will be asked to discuss a topic related to financial management with your colleagues in the class. You will be expected to post a substantive contribution to the discussion, and then to respond in a thoughtful and productive way to two of your colleagues’ posts.
Final Exam. The final exam will cover material from the entire course. The exam will consist of 20 questions, each worth 0.5 points. The exam will remain open throughout week 8.
Your grade in this course will be determined by the following criteria:
Short Bio | 2 |
Staffing Model with ERE Spreadsheet | 10 |
Completed Grant Application | 10 |
Capital Expenditures Worksheet | 10 |
Completed Budget | 30 |
Discussion Board and Weekly Articles | 28 |
Final Exam | 10 |
Total | 100 |
Grade | Points Grade | Point Average (GPA) |
A | 94 – 100% | 4.00 |
A- | 90 – 93% | 3.75 |
B+ | 87 – 89% | 3.50 |
B | 84 – 86% | 3.00 |
B- | 80 – 83% | 2.75 |
C+ | 77 – 79% | 2.50 |
C | 74 – 76% | 2.00 |
C- | 70 – 73% | 1.75 |
D | 64 – 69% | 1.00 |
F | 00 – 63% | 0.00 |
Course Schedule:
Each week opens on Wednesday at 12:01 AM Eastern Time. Each week closes on Wednesday at 11:59 pm ET, with the exception of Week 8, which ends on Sunday.
Week 1: | Sept. 2 – Sept. 9 |
Week 2: | Sept. 9 – Sept. 16 |
Week 3: | Sept. 16 – Sept. 23 |
Week 4: | Sept. 23 – Sept. 30 |
Week 5: | Sept. 30 – Oct. 7 |
Week 6: | Oct. 7 – Oct. 14 |
Week 7: | Oct. 14 – Oct. 21 |
Week 8: | Oct. 21 – Oct. 25 (Sunday) |
Weekly Schedule:
Week 1: Sept 2 – Sept 9
Course Overview; Brief Introduction to the World of Public Health, Health Care Finance, and the Budget Process
Readings:
Lecture:
Forum Question: Week One- Final project. You should post a short description of the organization and department you will be creating the budget for. Create or include a mission statement of the department or organization. The post should also include a discussion of the customer, deliverables, possible revenue streams, and grant opportunities available to this department. You are welcome to model your department after a real organization, however you should not use information that would be considered confidential or proprietary including logos without the permission of the organization. You should include a copy of the excel budget sheet you intend to use to create the budget. Your work should be properly formatted in AMA style.
Forum Question Response: Respond to at least two of your cohort’s posts, you may make suggestions for projects or grants that would fit into the department they are choosing. Your response may also be providing assistance and comments about the excel spreadsheets that will be used. Due Wednesday at 11:59 pm.
Week 2: Sept 9 – Sept 16
Staffing, Contracting, Outsourcing, and the Procurement Process
Readings:
Lecture:
Forum Question: Analyze a recent and timely magazine or newspaper article, Ted talk, YouTube video, or other open sourced information that discusses the public health Outsourcing. Using the information that you have learned this week from your readings, lectures, and written assignments. Discuss what you believe to be the barriers and issues that are raised because of outsourcing. Please keep your answers within the 200 word limit. Due Sunday at 11:59 pm.
Forum Question Response: Respond to at least two of your cohort’s posts, add your thoughts about the relevance of the article or media chosen and justify with referenced sources. When responding to your peer’s comments, make sure that your feedback has substance, is in AMA format, and uses proper references Due Wednesday at 11:59 pm.
Week 3: Sept 16 – Sept 23
Planning, Evaluating, and Understanding Revenue Streams
Readings:
Lectures and Spreadsheet:
Forum Question: Analyze a recent and timely magazine or newspaper article, Ted talk, YouTube video, or other open sourced information that discusses Revenue Streams and Planning. Using the information that you have learned this week from your readings, lectures, and written assignments. Discuss if you believe the revenue streams mentioned in your article are consistent with the needs of the customers in that organization. Please keep your answers within the 200 word limit. Due Sunday at 11:59 pm
Forum Question Response: Respond to at least two of your cohort’s posts, add your thoughts about the relevance of the article or media chosen and justify with referenced sources. When responding to your peer’s comments, make sure that your feedback has substance, is in AMA format, and uses proper references Due Wednesday at 11:59 pm
Written Assignment 1: Staffing Model with ERE worksheet. Build a staffing model for your department. Consider your revenue streams, grant application, possible contracts, and deliverables. Create and excel spreadsheet that includes a Employee Related Expenses (ERE) sheet and staffing required for your department. This will be included as one sheet of your budget. Due Wednesday at 11:59 PM.
Week 4: Sept 23 – Sept 30
Financial Administration, Assets, Liabilities, and Money Management
Reading:
Lecture:
Forum Question: There are a number of financial ratios used in health care. Apply one financial ratio of your own design and one financial ratio presented in the reading or in other literature that would help to better evaluate your proposal. Include references as appropriate. You might get some ideas by linking concepts from the Honore presentations with the data presented on the website: http://www.worldlifeexpectancy.com/usa/life-expectancy-by-county. Due Sunday at 11:59 pm.
Forum Question Response: Your responses should assess the appropriateness of the ratio used. In addition, you should suggest two additional ratios which would help them determine the value of their project. Due Wednesday at 11:59 pm.
Week 5: Sept 30 – Oct 7
Strategic Management
Readings:
Lectures and Spreadsheet:
Forum Question: There are a number of financial ratios used in health care. Apply one financial ratio of your own design and one financial ratio presented in the reading or in other literature that would help to better evaluate your proposal. Include references as appropriate. Due Sunday by 11:59 pm.
Forum Question Response: Your responses should assess the appropriateness of the ratio used. In addition, you should suggest two additional ratios which would help them determine the value of their project. Due Wednesday by 11:59 pm.
Written Assignment 2: Completed Grant Application and Justifications. You should locate and complete the grant application for a grant for your organization. Please download the grant and attach it to your work. Please answer these questions about the grant application:
Due Wednesday at 11:59 pm.
Week 6: Oct 7 – Oct 14
Capital Budgets
Readings:
Lecture and Spreadsheet:
Forum Question: Analyze a recent and timely magazine or newspaper article, Ted talk, YouTube video, or other open sourced information that discusses any public health financial issue you have identified for your chosen department. Introduce it to the class and share how your chosen media addressed the issue. Using the information you have learned this week from your readings, lectures, and written assignments. Please keep your answers within the 200 word limit. Due Sunday at 11:59 pm.
Forum Question Response: Respond to at least two of your cohort’s posts, add your thoughts about the relevance of the article or media chosen and justify with referenced sources. When responding to your peer’s comments, make sure that your feedback has substance, is in AMA format, and uses proper references Due Wednesday at 11:59 pm.
Written Assignment 3: Completed Capital Expenditures Worksheet. Based on the information you have gathered over the last 5 weeks for your chosen department. Create a capital expenditure worksheet that provides cost and justification for the expense. Keep in mind the revenue stream that will fund the expenditure and the possible legal and ethical implications of your expenditures. Due Wednesday at 11:59 pm.
Week 7: Oct 14 – Oct 21
Strategic Planning – Putting It all together
Reading:
Lecture:
Forum Question: Analyze a recent and timely magazine or newspaper article, Ted talk, YouTube video, or other open sourced information that discusses any public health topic of your choosing. Using the information that you have learned this week from your readings, lectures, and written assignments post an analysis of this article or media used. Please keep your answers within the 200 word limit. Due Sunday at 11:59 pm.
Forum Question Response: Respond to at least two of your cohort’s posts, add your thoughts about the relevance of the article or media chosen and justify with referenced sources. When responding to your peer’s comments, make sure that your feedback has substance, is in AMA format, and uses proper references. Due Wednesday at 11:59 pm.
Written Assignment 4: Final Budget. Complete and submit your final budget worksheet. Ensure that it includes your Staffing and Ere Model information and your Capital expenditure information. Show the grant you applied for as a revenue stream. You should include a cover sheet and an executive summary to your budget that describes your department, the deliverables that you expect to complete, metrics for success, and an explanation of your budget numbers. Due Sunday at 11:59 pm.
Week 8: Oct. 21 – Oct. 25 (Sunday)
Budget Approvals, Accounting and Final Exam
Readings and Lecture:
Final Exam. The final exam contains 20 questions drawn from readings from the textbook.
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The University of New England values academic integrity in all aspects of the educational experience. Academic dishonesty in any form undermines this standard and devalues the original contributions of others. It is the responsibility of all members of the University community to actively uphold the integrity of the academy; failure to act, for any reason, is not acceptable. For information about plagiarism and academic misconduct, please visit https://www.une.edu/studentlife/plagiarism.
Academic dishonesty includes, but is not limited to the following:
Charges of academic dishonesty will be reviewed by the Program Director. Penalties for students found responsible for violations may depend upon the seriousness and circumstances of the violation, the degree of premeditation involved, and/or the student’s previous record of violations. Appeal of a decision may be made to the Dean whose decision will be final. Student appeals will take place through the grievance process outlined in the student handbook.
8 week: Students taking online graduate courses through the College of Professional Studies will be administratively dropped for non-participation if a graded assignment/discussion post is not submitted before Sunday at 11:59 pm ET of the first week of the term. Reinstatement is at the purview of the Dean's Office.
16 week: Students taking online graduate courses through the College of Professional Studies will be administratively dropped for non-participation if a graded assignment/discussion post is not submitted before Friday at 11:59 pm ET of the second week of the term. Reinstatement is at the purview of the Dean's Office.
The policies contained within this document apply to all students in the College of Professional Studies. It is each student's responsibility to know the contents of this handbook.
Please contact your student support specialist if you are considering dropping or withdrawing from a course. The last day to drop for 100% tuition refund is the 2nd day of the course. Financial Aid charges may still apply. Students using Financial Aid should contact the Financial Aid Office prior to withdrawing from a course.
The University of New England values academic integrity in all aspects of the educational experience. Academic dishonesty in any form undermines this standard and devalues the original contributions of others. It is the responsibility of all members of the University community to actively uphold the integrity of the academy; failure to act, for any reason, is not acceptable. For information about plagiarism and academic misconduct, please visit UNE Plagiarism Policies.
Academic dishonesty includes, but is not limited to the following:
Charges of academic dishonesty will be reviewed by the Program Director. Penalties for students found responsible for violations may depend upon the seriousness and circumstances of the violation, the degree of premeditation involved, and/or the student’s previous record of violations. Appeal of a decision may be made to the Dean whose decision will be final. Student appeals will take place through the grievance process outlined in the student handbook.