Healthcare Finance Essentials
This course provides context and technical details of healthcare finance and accounting practices. Covering the A to Z of accounting, financial planning, capital markets and the nuances of the function as it relates to healthcare.
COURSE OVERVIEW
Proper management of a health organisation’s finances allows it to improve patient care, minimize risk, make needed investments, and explore new streams of revenue. Financial issues are fundamental in the healthcare environment, and managers must be prepared as they endeavour to improve the delivery of health services. Deliberate efforts must be made to enhance the financial management skills of health care professionals to enable them make informed financial decisions in today’s high value healthcare environment.
Duration
5 days | 8.00am - 5.00pm
Venue
Healthcare Financial Management Association(HFMA)
Date(s)
To be communicated
WHO TO ATTEND
Hospital and Other Providers, Business Partner, Accounting & Billing Officer, Budgeting/Financial Planning officer, Operations Support staff, Clinical Operations staff.
INDIVIDUAL OUTCOMES
At the end of the programme, participants will be able to:
- Discuss the healthcare environment, economic trends, and industry sustainability.
- Identify current and potential reform initiatives and their potential impact on the economy.
- Review key industry issues that impact organisational financial performance (quality, cost, access).
- Summarize financial reporting and analysis requirements unique to the healthcare industry.
- Review the current payment system including major third parties—Medicare, Medicaid, and managed care.
- Identify key financial statements, management reports, and budgeting concepts.
COURSE CONTENT
Module 1: Introduction to Financial Management in Healthcare
Module 2: Financial Planning in Healthcare
Module 3: Budgeting for Healthcare Organisations
Module 4: Cash Flow Management in Healthcare
Module 5: Cost Management in Healthcare Organisation
Module 6: Healthcare Financial and Management Reporting
Module 7: Measuring Finance Performance in Healthcare
Module 8: Internal Control Systems in Healthcare Financial Management
Module 9: Integrating Management Reporting in Healthcare