Chicago, IL - December 4
Healthcare payment systems are evolving from simple pay-for-performance demonstration projects and never-event exclusions to Medicare value-based purchasing, readmission restrictions, and bundled payments. The importance of accurate, reliable, and actionable cost accounting information has never been greater. This seminar discusses the planning, pitfalls, and successes in designing a best-practice cost accounting system that is consistent with today's complex reimbursement environment.
After this seminar, you'll be able to:
- Document existing situations and rationalize cost allocation strategies, methodologies, and rules.
- Understand and describe tools available in academic literature and survey cost-accounting system capabilities and limitations.
- Distinguish key cost-allocation sort keys and their uses in determining profit and loss, including patient days, admits and discharges, square footage, FTEs, total direct/indirect costs, physicians, departments and service lines, depreciation expense.
- Examine the implications of issues such as revenue offsets and grant allocation.
Basic understanding of cost accounting.
Tools and Takeaways
Examples of a best-practice general ledger and cost-allocation structures
Financial executives, controllers, budget and finance executives, reimbursement and contracting directors and managers, directors and managers of revenue cycle, PFS, and patient access employees.
David C. Hammer
President, Healthcare Performance Management Consultants LLC
Continuing education: 7 CPE credits; 6 hours Category II (non-ACHE) credit
What You Need to Know About HFMA's Seminars
Publication Date: Friday, July 20, 2012