Healthcare organizations must reach higher standards of patient care and community service objectives than ever before. Financial success is critical to achieve these standards. The most successful organizations are typically those in which the tools of financial success are understood by managers at all levels. This program is designed to provide a conceptual and practical overview of accounting statements, budgeting, and finance. Attend this program to leverage key aspects of management accounting and finance as ways of thinking about organizational improvement and as specific techniques for making better decisions.
Topics
- Organizational improvement through specific techniques for making better decisions
- A conceptual and practical overview of accounting statements, budgeting and finance
- The broader role of cost and quality in value
- Communicating organizations’ contribution to policy makers
Learning Outcomes
As a result of attending this class, participants will learn how to:
- Read and interpret the income statement and balance sheet of a healthcare organization
- Apply cost concepts to operational decision making
- Create a budget for operational planning and control
- Critique a capital expenditure proposal
- Build a framework for community benefit
Who Should Attend
This program is designed for clinical and non-clinical healthcare managers without extensive backgrounds in budgeting and finance, or those looking for a refresher. Healthcare managers who work with budgets and make decisions impacting the financial performance of their institutions will find it most helpful. Examples in Excel will also be used.
Participants should bring a basic calculator for use during the day.
Level of Prior Knowledge in this Subject Area: None
November 17, 2008, 9:00 a.m. - 4:30 p.m. 