Healthcare Financial Management, Productivity & Cost Control
| Start Date | End Date | Venue | Fees (US $) |
|---|
Healthcare Financial Management, Productivity & Cost Control
| Start Date | End Date | Venue | Fees (US $) |
|---|
Introduction
Healthcare organizations must excel in many things. They must deliver a high level of quality and safety, excellent clinical outcomes, and superlative patient experience. Just as importantly, private healthcare providers must be profitable despite increasing competition from other hospitals and clinics, while public providers must remain financially sustainable in the face of the growing demand for care.
Many of the decisions that healthcare leaders and managers make will have significant financial implications. This program provides comprehensive coverage of the fundamental concepts, models, and methods required by both non-financial and financial managers in all types of healthcare organizations or services: giving you the working knowledge to make sound decisions that help delivers financial sustainability and profitability.
Objectives
- Understand the factors that are driving healthcare costs and changing the ways that healthcare providers get paid
- Analyze the financial performance of your healthcare organization or service
- Manage working capital better and Budget more effectively for financial success
- Price healthcare services accurately and optimize the way you Plan future investments
- Measure, Understand, and Reduce Healthcare Costs using the techniques that management consultants charge millions of dollars for!
By the end of this course, participants will be able to:
Training Methodology
This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practice. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.
Who Should Attend?
This is a highly practical and interactive program that will benefit anyone who manages money or controls budgets in a healthcare organization, service, or department. It is an ideal program for:
- Non-financial managers and healthcare professionals who need to learn tools and techniques for managing healthcare costs, budgets, and investments and for transforming financial performance, and
- Finance managers or professionals who have financial expertise or qualifications and are seeking a program that provides specialist coverage of financial, cost, and management accounting techniques applied in a healthcare context.
Throughout the program, there are allocated timeslots allowing ample opportunities to practice the principles and techniques being taught using interactive exercises and case studies.
Course Outline
The program is divided into five modules and includes detailed instruction in:
- The Fundamentals of Healthcare Finance – the factors that are driving healthcare costs and changing the ways that healthcare providers get paid
- Measuring Financial Performance in Healthcare – how to analyze the financial performance and viability of your healthcare organization or service
- Planning, Managing, and Controlling Money – manage money prudently and allocate financial resources effectively
- Measuring, Understanding, and Reducing Healthcare Costs – measure the costs of an episode of patient care and reducing those costs by enhancing productivity
- Pricing Healthcare Services and Planning Healthcare Investments – how to make difficult decisions about when to outsource, when to invest, and how to set the price of a healthcare service

