Course Description
In today's healthcare environment, where financial realities play an important role in health services decision making, it is vital that managers at all levels understand the basic concepts of healthcare finance and how these concepts are used to enhance the financial well-being of the organization.
What Do Participants Learn?
- Define the term healthcare finance as it is used in this course.
- Describe the key characteristics of a business.
- Discuss the structure of finance department, the role of finance in health services organizations, and how this role has changed over time.
- Describe the major players in the health services industry.
- Discuss some of the regulatory and legal issues pertinent to the health services industry.
- List the key operational issues currently facing healthcare managers.
- Describe the organization of the course and the learning aids.
Who Should Attend?
This course is for individuals, managers or supervisors who are willing to increase their professional area of healthcare finance as it introduces delegates to the basic concepts of healthcare finance, including accounting and financial management.
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Section 1
- The Healthcare Environment
- Introduction to Healthcare Finance
- The Financial Environment
- Financial Accounting
Section 2
- The Income Statement and Statement of Changes in Equity
- The Balance Sheet and Statement of Cash Flows
- Managerial Accounting
- Cost Behavior and Profit Analysis
- Cost Allocation
Section 3
- Pricing and service decisions
- Planning and Budgeting
- Basic Financial Management Concepts
- Time Value Analysis
- Financial Risk and Required Return
Section 4
- Long-Term Financing
- Long-Term Debt Financing
- Equity Financing and Securities Markets
- Capital Structure and the Cost of Capital
- Capital Investment Decisions
Section 5
- The basics of Capital Budgeting
- Project Risk Analysis
- Current Asset Management and Financing
- Financial Condition Analysis
- Lease Financing and Business Valuation