The critical role of accounting and finance requires technical competencies used in decision support for all areas of healthcare management, compliance and development. 

This certification program covers:

  • Responsibility accounting and its importance
  • Types of cost behaviors
  • Modeling a capitation contract
  • Types of risk-sharing arrangements in managed care contracts
  • Types of excess loss insurance for a managed care contract
  • Capital investment evaluation techniques
  • Role of ratio analysis in determining an appropriate level of debt burden
  • Types of profitability ratios

Objectives

  • Describe the importance of cost accounting in a healthcare organization
  • Describe cost accounting strategies related to managed care payment and contract issues
  • Describe how organizations use different types of budgets
  • Identify the forms of long-term debt available to hospitals and how much an organization can and should borrow
  • Define the importance of managing cash for operational and long-term investments of a healthcare organization
  • Identify the components of internal control, specifically accounting and administrative controls
  • Name the different categories of healthcare enterprises and the process to record revenues from varying sources
  • Describe how healthcare organizations should account for current liabilities and handle long-term debt
  • Define the impact on financial reporting of various relationships between a reporting healthcare organization and other entities in which it has a control and/or economic interest
  • Describe the regulatory agencies that have authority over healthcare organizations, including the Centers for Medicare and Medicaid Services
  • Describe the types of insurance available to healthcare organizations to protects against unavoidable losses
  • Define fraud and abuse as they relate to Medicare and Medicaid

This certification program consists of 12 courses: there is 1 final assessment that covers content from all 12 courses.

Course Information 

Pricing: $400 (HFMA members & non-members)

Level: Intermediate

Prerequisites: None

Experience: Two or more years in the healthcare industry is recommended

Advance Preparation: None

Course Availability: One year from start date

Designed For: Accounting professionals in healthcare finance management

Instructional Method: Self-study

Format: Online

Approximate Time to Complete: 15 hours

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Read additional information about CPEs for CPA licenses and education credits for HFMA certification maintenance.

Our ironclad guarantee

HFMA stands behind the quality of our programming. If you are not satisfied, we will gladly refund your money or provide you with a credit certificate toward any future HFMA National educational programs or select products. Contact HFMA directly at 3 Westbrook Corporate Center, Suite 600, Westchester, IL 60154, Attn: Professional Development, or call (800) 252-4362, ext. 2. Please provide HFMA with your comments within two weeks of beginning the program.