Healthcare organizations are under financial pressure as never before. Financial success is critical to achieving basic mission goals and reaching levels of quality and productivity demanded by health reform. The most successful organizations are typically those in which managers at all levels understand the tools of financial success. 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.
- A conceptual and practical overview of accounting statements, budgeting and finance
- Understanding the broader role of cost and quality in value based purchasing
- Communicating organizations’ community benefit to donors and policy makers
As a result of attending this program, participants will:
- Read and interpret income statements and balance sheets
- 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
- Build basic Excel skills as an underlying tool
Who Should Attend
This program is designed for clinical and non-clinical healthcare managers without extensive backgrounds in budgeting and finance. Healthcare managers who work with budgets and make decisions impacting the financial performance of their institutions will find it most helpful. Examples in Microsoft Excel will also be used to illustrate practical approaches to financial problem solving.
Participants should bring a laptop computer with Excel if possible for use during the day.