Financial Accounting of Healthcare Facilities

Garant předmětu:

Martina Caithamlová

Lecturer:

Martina Caithamlová

Tutor:

Martina Caithamlová

Supervisor:

Department of Biomedical Technology

Synopsis:

The course is designed as a theoretical and practical unit. Accounting is an indispensable source of information to support decision-making processes for managers and other stakeholders. The aim of the course is to introduce students to accounting issues, to familiarize them with the importance of accounting and its place in the management system of the organization. Emphasis is placed on practical application using selected model examples.

Requirements:

The basis for the classification is the total sum of points that the student receives during the semester.

Points can be earned in the following activities:

- control test in the sixth seminar max 15 points,

- continuous activities in seminars max 35 points,

- credit test max 50 points (minimum 50% pass rate required - minimum credit test score 25 points)

Evaluation according to the ECTS scale.

Syllabus of lectures:

- The importance, function and position of accounting in the organisation, its link to the organisation's information system. Accounting specifics of healthcare institutions.

- Accounting for costs and revenues of a healthcare facility. Breakdown of costs in the accounting of a health service provider. Specificity of accounting of contributory organisations. Accounting relationships of contributory organisations. General accounting procedures for transfers and subsidies.

- Classification of inventories in the health sector, methods of valuation and accounting for them. Inventories, accounting for inventory differences. Consignment warehouses in the health sector and specifics of their accounting. VAT and its specifics in the healthcare sector.

- Valuation and accounting of medical devices. Issues of technical evaluation. Accounting for depreciation and disposal of medical devices. Application of depreciation in the case of investment subsidies.

- Accounting for medical services to health insurance companies. Credit notes.

Syllabus of tutorials:

- The impact of economic operations on the balance sheet and profit and loss of a healthcare facility - a case study.

- Accounting for costs and revenues of a health service provider, accrual of costs and revenues - examples from practice. Accounting for contributory organisations - case study.

- Case study - accounting for purchased inventory in a hospital. Practical example - calculation of the shortening factor in a hospital.

- A related example on accounting for the purchase of a medical device and accounting for depreciation.

- Accounting for medical procedures to health insurers - a summary example.

Study Objective:

Study materials:

McKEE, T., McKEE, L.: Healthcare Applications: A Casebook in Accounting and Financial Management 1st Edition. AUPHA, Health Administration Press, Chicago, Illinois, 2016. ISBN: 978-1567938258.

LIBBY, R., LIBBY, P., HODGE, F.: Financial accounting (9th edition) McGraw-Hill Education, 2016. ISBN 9781259222139.

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• Systematic Integration of Processes in Healthcare - combinec study (compulsory elective course)