Healthcare Accounting A.A.S. Degree

Healthcare Accounting A.A.S. Degree

Career Description

Accountants and healthcare accountants are highly employable graduates who qualify for a wide variety of jobs. More career opportunities exist in accounting today than ever before. Businesses are being held to a higher standard of financial reporting due to recent corporate scandals and financial crises. In healthcare, the onset of Electronic Health Records (EHR) has generated an increased ability to gather data to assist in the reimbursement and revenue management of healthcare organizations. As a result, the demand for accountants, revenue analysts, and auditors has expanded. Because accounting has always been considered the language of business, demand for bookkeeping, payroll, accounting, and auditing technicians remains strong. An accounting degree is versatile and allows graduates to pursue many different career paths.

Program Information

Central Lakes College offers a 60-credit, two-year Healthcare Accounting Associate in Applied Science (A.A.S.) Degree. The A.A.S. degree prepares students by teaching the analytical and technical skills needed for an accounting career in the healthcare field. Students gain experience recording transactions, analyzing revenue cycle transactions, and doing realistic simulations on the most popular accounting and healthcare computer systems.

Program Outcomes

Graduates will be able to:

  • Complete the accounting cycle, and prepare classified general purpose financial statements in good form;
  • Possess and utilize the tools needed to analyze financial and business information that support planning and decision making in prospective payment systems;
  • Apply accounting principles to business transactions in both a manual and a computerized environment;
  • Demonstrate a fundamental understanding of employment laws, earnings calculations, payroll tax compliance, ICD and CPT coding, and HIPPA as they related to healthcare rules and regulations;
  • Measure and prepare financial and non-financial information used to support strategic management and internal decision making;
  • Apply ethical principles in decision making;
  • Demonstrate effective communication skills;
  • Describe the current reimbursement processes, forms, and support practices for healthcare reimbursement; and
  • Explain medical billing/collection regulations and standards that apply to systems such as Medicare, Medicaid, HIPPA, and the Affordable Care Act.

Special Program Requirements

In addition to the program requirements, students must meet the following conditions in order to graduate:

  1. College Cumulative GPA Requirement: cumulative grade point average (GPA) of credits attempted and completed at CLC must be at least 2.0;
  2. College Technical Core GPA Requirement: cumulative GPA of credits attempted and completed towards the technical core of the diploma or degree must be at least 2.0;
  3. Residency Requirement: students must complete 25% of their credits at Central Lakes College;
  4. Accounting courses in the program must be completed within seven (7) years.

Certification

The Certified Revenue Cycle Representative (CRCR) certification is granted by the Healthcare Financial Management Association (HFMA) professional organization. Recertification must be obtained every two years. The CRCR credential is valuable for those that work within a hospital revenue cycle or work in a department that supports the hospital revenue cycle. The Certified Technical Specialist (CTS) certification is granted by the Healthcare Financial Management Association (HFMA) professional organization. This certification is designed for accounting professionals in the healthcare finance management profession. The State of Minnesota offers 2 levels of licensure for Accountants. The Registered Accounting Practitioner (RAP) certification requires a 2-year Accounting Degree and authorizes the licensee to perform but not supervise all accounting services on a formal audit. The Certified Public Accountant (CPA) license requires 5 years of college education (150 semester credits). CPAs are authorized to perform all accounting services and can supervise audits.

Transfer Opportunities

All students planning to pursue a bachelor’s degree in accounting or healthcare administration are strongly encouraged to consult with faculty about transfer opportunities and with the Advising Department about transfer information for specific four-year colleges.

Employment Statistics

For more information regarding employment statistics, career salary information and estimated job growth, follow the resource links below:

https://apps.deed.state.mn.us/lmi/ces/
http://www.bls.gov/ooh/home.htm
http://www.iseek.org/jobs/jobmarket.html

Program Course Requirements

First Year – Fall Semester (14 credits)
ACCT 2011 Accounting Principles I, 4 cr
ACCT 2114 Payroll Accounting, 3 cr
BIOL 1404 Human Biology, 3 cr
HINS 1152 Medical Insurance and Billing, 2 cr
HINS 1163 Medical Office Procedures, 2 cr

Spring Semester (16 credits)
ACCT 2012* Accounting Principles II, 4 cr
ACCT 2138* Computerized Accounting Software, 3 cr
ACCT 2140 Accounting Applications, 3 cr
HINS 1150* Intro to DX and Procedure Coding, 3 cr
HINS 1360 Medical Terminology, 3 cr

Second Year – Fall Semester (16 credits)
ACCT 2121* Intermediate Accounting I, 4 cr
ACCT 2161* Cost Accounting I, 3 cr
BUSN 1166 Business Communications, 3 cr
MATH 1441 Concepts in Math, 3 cr  OR  MATH 1470  College Algebra, 3 cr
Minnesota Transfer Curriculum courses, 3 cr

Spring Semester (14 credits)
ACCT 2123* Intermediate Accounting II, 4 cr
HINS 2144 Legal Aspects of Health Care, 2 cr
HINS 2172* Reimbursement Methodologies, 2 cr
Minnesota Transfer Curriculum courses, 6 cr

GRADUATION REQUIREMENT – 60 CREDITS
*Denotes Prerequisites

Program Instructors

Photo First Name Last Name Position Department Phone Email Alt. Phone: URL wdt_ID
Aubrey Beadell Advisor TRIOStudentSupportServices 218-855-8014 aubrey.beadell@clcmn.edu 1
Nick O'Reilly Occupational Skills Program College Lab Assistant OccupationalSkills 218-855-8077 Nicholas.oreilly@clcmn.edu 2
Kevin Lomax College Lab Assistant Automotive Faculty 218-855-8000 KLomax@clcmn.edu 3
Jody Flynn Accessibility Services Assistant Accessibility 218-855-8056 jody.flynn@clcmn.edu 5
Missy Tureson Box Office Assistant Theatre 218-855-8199 mtureson@clcmn.edu 6
Deana Bobzien Instructor CollegeCareerStudies - Mathematics - Supportive Services 218-855-8339 deana.bobzien@clcmn.edu 7
Brianna Rajkowski Advisor TRIOStudentSupportServices 218-855-8228 brianna.rajkowski@clcmn.edu 8
Cynthia Dionysius AD Nursing Faculty NursingASDegree 218-855-8133 cindy.dionysius@clcmn.edu 9
Tajia Anderson PSEO Specialist Admissions - CollegeCreditInHighSchool- PSEO 218-855-8079 tajia.anderson@clcmn.edu 10
Tracy Tschida Instructor Psychology - CollegeCareerStudies 2188-855-8328 tracy.tschida@clcmn.edu 11
Mike Fitcher Adjunct Instructor MachineTool 218-855-8000 michael.fitcher@clcmn.edu 12
Brent Balmer Videography CLA Videography 218-855-8727 brent.balmer@clcmn.edu 13
David Gray Instructor History 218-855-8276 david.gray@clcmn.edu 14
Jim Nagy Adjunct Instructor GraphicDesign 218-855-8157 james.nagy@clcmn.edu 15
Brandon Schneider Instructor HeavyEquipment 218-894-5179 brandon.schneider@clcmn.edu 16
Natalia DePauw Director of Dual Enrollment Advising - PSEO - CollegeCreditInHighSchool 218-855-8263 natalia.depauw@clcmn.edu 18
Amy Disterhaupt Admissions Specialist Admissions 218-855-8250 amy.disterhaupt@clcmn.edu 20
Nick Heisserer Instructor BusinessFaculty - StudentLearningAssessment 218-855-8089 nick.heisserer@clcmn.edu https://outlook.office365.com/owa/calendar/CentralLakesCollege6@MinnState.edu/bookings/ 21
Matthew Krueger Environmental Health and Safety Officer Maintenance 218-855-8115 matthew.krueger@clcmn.edu 22
Mark Lindquist Instructor Music 218-855-8236 mark.lindquist@clcmn.edu 23
Joy Larson Emergency Management and Security Coordinator Security 218-855-8143 joy.larson@clcmn.edu 24
Jeremy Goddard Bookstore/Print Shop Bookstore Supportive Services 218-855-8146 Jeremy.Goddard@clcmn.edu 25
Sarah Jennissen Instsructor NursingAssistant - PracticalNursing - TrainedMedicationAid 218-894-5308 sarah.jennissen@clcmn.edu 26
Kevin Lattu Upward Bound Advisor TRIOUpwardBound 218-855-8117 kevin.lattu@clcmn.edu 27
Cash Robinson Upward Bound Advisor TRIOUpwardBound 218-855-8076 cash.robinson@clcmn.edu 28
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