GERO 285 - Financial Management in Home Health Services
1 Semester Hour Credits
Course Description: This course covers financial practices for individuals providing home health care services. Topics include maintaining records of services and expenses, setting fees, billing, Medicaid, IRS reporting, financial statements, budgeting, insurance, retirement planning, etc.
Schedule: Spring semester. This course follows the traditional on-campus calendar for beginning and ending dates.
Delivery Method: Online. Students are not expected to come to the campus at any time.
Prerequisite Courses: None.
Instructor: James Holben
Textbook: Course materials will be taken from resources pertinent to the topics covered.
Other Materials: None.
Course Objectives: It is expected that students will be able to:
- Use basic language associated with Home Health reimbursement methods.
- Describe the Home Health prospective payment system.
- Describe the purpose and basic benefits of government-sponsored health programs.
- Identify the different types of reimbursement methods.
- Understand the difference between commercial health insurance and employer self-insurance.
- Understand the purpose of fee schedules.
- Be able to locate and accurately complete forms required for reimbursement of Home Health services (Medicare/Medicaid).
- Understand the differing business structures to include the advantages and disadvantages of each.
- Understand financial statements and forms required for IRS reporting.
- Understand the concepts of income and expense reporting.
- Research available options for self-employed retirement planning.
- Understand the importance of documentation and its relation to billing for Home Health services.
- Discussions: Students submit an original response to each topic and respond to two additional posts to receive full credit (5 points).
- Assignments: Each week that there is an assignment, there is a maximum of 100 assignment points for that week. The assignments are designed to give you some hands on practice and familiarity with each subject. Points awarded will be for points earned, put your best foot forward on your assignments.
Exams - Policies & Procedures:
- Quizzes: You will find quizzes throughout the course. They are worth a maximum of 30 points each and are used as a learning tool to see how well you are reading and understanding the material supplied.
- Tests: One test will be given. This will be a FINAL EXAM and will cover information from the entire course. The test will be worth a maximum of 100 points. The score on your test will be combined with scores on your assignments to make up your total grade.
Technology Required: Click here to view our technology required page.