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Ultimate Medical Academy Launches New Healthcare Accounting Program

Healthcare Accounting

Tampa, Fla., July 28, 2020 – Ultimate Medical Academy (UMA), an accredited nonprofit healthcare educational institution, is proud to announce the launch of its new career training program in the field of healthcare accounting. Tailored to address demand for skilled workers in this area, UMA’s new program is designed to prepare students for entry-level roles such as basic accounting clerk, audit specialist, bookkeeper and payroll clerk.

Founded in 1994 and based in Tampa, UMA is accredited by the Accrediting Bureau of Health Education Schools (ABHES) and has more than 55,000 alumni, 14,000 students and 2,000 team members nationwide. The institution offers healthcare diploma and associate degree programs through hands-on learning at its main campus in Clearwater, Fla., as well as content-rich, interactive programs through its online campus.

Enrollment in UMA’s new associate degree program in Healthcare Accounting opened Wednesday, July 22, 2020, and classes officially begin on August 17, 2020.

“Launching this new Healthcare Accounting program is part of our commitment to equipping and empowering students to excel in healthcare careers,” said UMA President Thomas Rametta. “That commitment includes keeping a close eye on industry trends by partnering with healthcare employers to understand their evolving talent needs so we can ensure our programs align.”

Based on a study conducted by Hanover Research (Hanover) in 2019 on behalf of UMA, the majority of the 205 healthcare employers surveyed expect the demand for healthcare accounting positions to increase in the next few years. Hanover attributes this response from employers to robust project growth in the healthcare industry, which in turn requires additional accounting support, and to the aging U.S. population, which is expected to drive an overall increase in healthcare industry utilization.

“Launching a new program is a meaningful undertaking, and UMA has a rigorous process to identify and develop new programs. As part of our process, we incorporate input from healthcare employers, industry experts and faculty,” said UMA Executive Vice President Geordie Hyland, who oversees the institution’s academic program portfolio. “Our cross-functional process revealed skill-based learning in healthcare accounting to be an area of need and thereby an area of career potential for students with an interest in this field. We are proud and excited to help bridge this gap for students and employers alike, and we look forward to seeing our first graduates complete the program next year.”

Careers in healthcare accounting tend to attract workers who are comfortable with math and spreadsheets and who have an eye for detail. No previous accounting experience is required for students to enroll in UMA’s healthcare accounting program. Coursework includes the following content:

  • Principles of Accounting
  • Accounting Software Applications
  • Cost and Payroll Accounting
  • Introductory Diagnostic and Procedural Coding
  • Optimizing the Reimbursement Cycle
  • Computer Fundamentals
  • Critical Thinking and Problem Solving
  • Medical Terminology, Law, Ethics, and Records Management
  • General Biology, Anatomy, Physiology and Pathophysiology

Beyond this, students will gain core skills in tracking transactions, controlling inventory and navigating electronic medical records. They will also learn an overview of insurance coding, coding concepts and coding guidelines.

UMA’s Online programs – the new Associate Degree in Healthcare Accounting among them – are designed to be flexible, so students can train for a career on their own schedule – in the morning, at lunch or late at night. UMA students have access to a multitude of support services at every step of the student journey such as academic support, a student-friendly virtual library, 24/7 tech support, job search assistance, interview coaching and more. UMA’s career services support extends beyond graduation with UMA providing access to career services advisors throughout a graduate’s career.

To learn more about UMA’s new Healthcare Accounting program, visit the school’s website and program page here.

To learn more about UMA’s student support services, see the UMA Ultimate Student Services℠ page.

Prospective students must meet specific eligibility requirements. Call Ultimate Medical Academy at 888-205-2510 or see this link: UMA General Admissions Requirements.