Course Schedule - Fall Semester 2019

     

Meeting location information can now be found on student schedules in ESTHER (for students) or on the Course Roster in ESTHER (for faculty and instructors).
Additional information available here.

MGMT 673 001 (CRN: 14203)

COST ANALYSIS IN HEALTHCARE

Long Title: COST ANALYSIS IN HEALTHCARE
Department: Management
Instructor: Sivaramakrishnan, Shiva
Meetings:
6:15PM - 9:30PM R (29-AUG-2019 - 29-AUG-2019) 
8:00AM - 6:00PM S (7-SEP-2019 - 7-SEP-2019) 
6:15PM - 9:30PM R (19-SEP-2019 - 19-SEP-2019) 
Part of Term: PMBA ILE 4
Grade Mode: Standard Letter
Course Type: Lecture
Language of Instruction: Taught in English
Method of Instruction: Face to Face
Credit Hours: .75
Course Syllabus:
Course Materials: Rice Campus Store
 
Restrictions:
Must be enrolled in one of the following Program(s):
MBA for Professional Extended
MBA for Professionals
MBA for Professional Weekend
MBA - Executive Program
MBA
Must be enrolled in one of the following Level(s):
Graduate
Prerequisites: MGMT 502 OR MGMP 502 OR MGMW 502 OR MGMT 802
Section Max Enrollment: 36
Section Enrolled: 15
Enrollment data as of: 21-JUL-2024 12:08PM
 
Additional Fees: None
 
Final Exam: GR Course-Dept Schedules Exam
 
Description: As healthcare costs continue to rise at an alarming rate in U.S. over the past decade (about 20% of GDP by some accounts), issues relating cost measurement and management in the delivery of healthcare have also taken center stage. Experts in business and management have argued that extant cost systems do a poor job of measuring how much it costs to treat patients. Absent accurate measurement of these costs, many decisions could go wrong. Cost management and efficiency initiatives would be misguided, and medical reimbursements would lack proper cost bases. These concerns have triggered advances in cost measurement and management techniques that are useful not just in the healthcare setting, but also in other service organizations. The purpose of this elective is to help students develop a critical understanding of the nature of costs in healthcare delivery, their measurement in a variety of decision contexts, and how they can be managed and improved. Students will be exposed to tools such as the break-even analysis, role of cost allocations, activity-based costing, time-driven activity based costing, and cost control.