Healthcare Accounting and Finance Certificate Program Event, 26.May.2025

Course Description

This intensive 5-day program provides healthcare professionals with a comprehensive understanding of accounting and finance principles specific to healthcare organizations. Participants will develop skills in financial analysis, budgeting, and strategic decision-making to drive organizational success and improve patient care outcomes.

Learning Objectives

• Understand fundamental accounting concepts and financial statements in healthcare
• Analyze financial data to assess organizational performance and make informed decisions
• Develop and manage budgets for healthcare departments and programs
• Evaluate capital investment opportunities and financial risks in healthcare settings
• Apply cost accounting techniques to improve resource allocation and efficiency
• Understand healthcare reimbursement systems and revenue cycle management

Course Modules

Day 1: Introduction to Healthcare Finance

• Overview of healthcare financial management
• Healthcare accounting principles and practices
• Financial statements for healthcare organizations
• Key financial ratios and performance indicators

Day 2: Budgeting and Cost Management

• Operating and capital budgeting in healthcare
• Cost allocation and activity-based costing
• Break-even analysis and cost-volume-profit relationships
• Variance analysis and performance reporting

Day 3: Financial Analysis and Decision Making

• Time value of money concepts
• Capital investment analysis techniques
• Risk assessment and management in healthcare finance
• Financial forecasting and long-term planning

Day 4: Revenue Cycle and Reimbursement

• Healthcare reimbursement systems (Medicare, Medicaid, private payers)
• Revenue cycle management and optimization
• Charge capture and coding considerations
• Accounts receivable management and collections

Day 5: Strategic Financial Management

• Mergers, acquisitions, and partnerships in healthcare
• Financial aspects of quality improvement initiatives
• Balanced scorecard approach for healthcare organizations
• Case studies in healthcare financial management

Practical Wins for Participants

• Ability to interpret financial statements and assess organizational health
• Skills to develop and manage department budgets effectively
• Techniques to evaluate and justify capital investments and new programs
• Strategies to optimize revenue cycle management and improve cash flow