Course Description
This intensive 5-day course is designed for hospital accountants seeking to enhance their financial management skills. Participants will delve into advanced accounting techniques, explore complex healthcare financial scenarios, and learn to leverage cutting-edge tools for improved decision-making. The course combines theoretical knowledge with practical applications, ensuring participants can immediately apply their learning to real-world healthcare accounting challenges.
Learning Objectives
- Master advanced financial management techniques specific to healthcare institutions
- Develop proficiency in complex budgeting and forecasting for hospitals
- Enhance skills in healthcare-specific financial reporting and analysis
- Gain expertise in navigating regulatory compliance and risk management in hospital accounting
- Learn to leverage technology and data analytics for improved financial decision-making
Course Modules
Day 1: Advanced Financial Management in Healthcare
- Healthcare financial ecosystem overview
- Advanced cost accounting methods for hospitals
- Capital budgeting and investment analysis in healthcare
- Financial performance metrics for hospitals
Day 2: Complex Budgeting and Forecasting
- Advanced budgeting techniques for healthcare institutions
- Long-term financial planning and forecasting
- Scenario analysis and sensitivity testing
- Budget variance analysis and management
Day 3: Healthcare-Specific Financial Reporting and Analysis
- Advanced financial statement analysis for hospitals
- Healthcare-specific ratio analysis and benchmarking
- Reporting for different stakeholders (board, management, regulators)
- Integrated reporting in healthcare
Day 4: Regulatory Compliance and Risk Management
- Healthcare accounting standards and updates
- Compliance with healthcare-specific regulations (e.g., Medicare, Medicaid)
- Risk assessment and management in hospital finance
- Internal controls and fraud prevention in healthcare settings
Day 5: Technology and Data Analytics in Hospital Accounting
- Advanced ERP systems for healthcare institutions
- Data analytics and business intelligence in hospital finance
- Automation and AI in healthcare accounting processes
- Cybersecurity and data protection in financial systems
Practical Wins for Participants
- Ability to implement advanced cost accounting methods, improving accuracy in service line profitability analysis
- Enhanced skills in creating robust, flexible budgets that adapt to changing healthcare landscapes
- Proficiency in producing comprehensive financial reports that meet the needs of various stakeholders
- Capability to leverage data analytics for more informed financial decision-making and strategic planning
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
