Simon Business School
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Course Descriptions

Fall Quarter Classes

HSM 450 Accounting, Economics, and Finance for MS Students (Weeknight Class)
This course is designed to present fundamentals of economic analysis, financial accounting, and financial analysis that will serve as a foundation for concepts developed throughout subsequent courses in the Medical Management program. The objectives of this course are to enable participants to understand and productively use the principles of managerial economics and accounting information to better structure business decisions. In addition, the course will address the principles of capital budgeting.

HSM 451 Health Care Strategy and Business Plan Development (Weekend Class)
Basic marketing and economic concepts are integrated with the unique institutional features of health care markets to develop a framework for strategic and business planning for a health care organization. A special focus is placed on the practical elements of plan development.

Winter Quarter Classes

HSM 425 Managerial Accounting for Health Care Organizations (Weeknight Class)
This course helps the student understand how costs are reported and how to use this information to make decisions within the health services entity. The following topics will be examined within a health services setting: cost allocation, cost-volume-profit analysis, budgeting and variance analysis, and activity-based costing. Understanding and analyzing hospital costs using Medicare cost reports will be an integral component of this course.

HSM 452 Health Care Accounting and Finance (Weekend Class)
Basic concepts in finance and financial accounting are used to develop a framework for financial decision making, financial planning, assessment and control. The goal of the class is to provide students with a set of tools to first make financial decisions about the programmatic development. In addition, students will be taught to assess and control programs towards specified financial goals.

Spring Quarter Classes

HSM 437 Management of Healthcare Service Processes (Weeknight Class)
The aim of this course is to familiarize students with the operations management tools of process flow analysis, capacity management, and quality improvement. Using cases and guest speakers, we will demonstrate how these tools have been used to improve processes in healthcare settings, as well as point out the institutional challenges unique to healthcare.

HSM 453 Health Care Operations (Weekend Class)
This is an advanced course on operations management for health delivery organizations. Students study the application of operations management concepts to the management of health care provider organizations (such as hospitals, group practices, HMO’s, nursing homes, etc.), and other participants in the health industry (such as insurance companies, pharmaceutical companies, consulting businesses, etc.). Applications include both medical and administrative operations. A significant part of the course focuses on quality and process improvement.

Summer Quarter Classes

STR 403 Organization and Strategy (Weeknight Class)
The course teaches how to approach and solve a large range of organizational problems from an analytical-economic perspective that is grounded in agency theory.  It discusses in detail the assignment of decision rights (including centralization vs. decentralization of decisions), performance measurement, and incentives and rewards. These are the three elements of “organizational architecture,” the central framework of the course. Applications range from job-level incentive problems to broader questions about organizational structure and the boundaries of the firm (e.g., vertical integration). Throughout, the course emphasizes the complementarity of organizational policies and the importance of alignment between a firm’s internal organization and its strategy.

HSM 454 Leading Health Care Organizations (Weekend Class)
Concepts developed in Competitive and Organizational Strategy (STR 403) are applied within the evolving health care setting to teach the student how to organize tasks and motivate staff to achieve coordination and efficiency (including leadership, culture, change management, and team effectiveness).

 
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