Introduction to the Health Care Industry  

Explore the seven types of health care entities and the accounting and reporting for each type. Learn about the financial statements, identify the various revenue sources and special accounts specific to health care providers, examine the balance sheet and importance of patient receivables and settlement accounts, summarize the guidance and the effects of FASB Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which provides a framework for addressing revenue recognition issues and preplaces existing revenue recognition guidance in current U.S. generally accepted accounting principles, understand audit considerations, as well as specifics about financial and operational analysis. Describe GASB Statement No. 62, Codification of Accounting and Financial Reporting Guidance Contained in Pre-November 30, 1989 FASB and AICPA Pronouncements, which directly incorporates into GASB's authoritative literature for governmental entities certain pronouncements issued by FASB and its predecessors on or before November 30, 1989. A set of financial statements and footnotes for Sample Hospital will illustrate the accounting and reporting practices discussed in this course.

This course is most beneficial to professionals new to the health care industry who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to this subject.