Basic Finance, Budgeting, and Fiscal Control in Healthcare Organizations

Posted 10.20.2006

October 20, 2006
8:15 a.m. - 3:45 p.m.

If healthcare organizations are to meet their patient care and community services objectives, financial success is required. The most successful organizations are typically those in which the tools of financial success are understood by managers at all levels.

This seminar is designed to provide a conceptual and practical overview of accounting statements, budgeting, and finance. Healthcare managers who work with budgets and make decisions affecting the financial performance of their institutions will find it most helpful.

Key aspects of management accounting and finance are presented as ways of thinking about organizational improvement and as specific techniques for making better decisions.

Learning Outcomes
As a result of attending this program, participants will:

  • 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

Who Should Attend
This seminar is designed for clinical and non-clinical healthcare managers without extensive backgrounds in budgeting and finance, or those looking for a refresher. Participants should bring a basic calculator for use during the day.

Level of Prior Knowlege in This Subject Area:  None

Staff:  Jack Wheeler, PhD, University of Michigan

Individual Participants:  $475 by credit card; $495 by check
Affiliate/Health Affiliate Organizations:  One class day per participant

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