Whether your passion is fueled by working directly with patients or behind the scenes, the business of health care matters to everyone striving to become part of the solution and improve the health of all Americans. In today's world, no matter who you are—administrator, physician, nurse, finance professional, pharmacist, or accountant—business fundamentals such as pricing, cost, revenue, payment, and delivery models are the essential context for decision-making in every part of the process of delivering care. 
 
HFMA's Business of Health Care® Online Program was designed to give you an overview of that essential context. Understanding it and knowing why it works the way it does—and how it should work in the future—means you'll work more effectively toward the shared goal of health care today: improving patient health. 

When you belong to HFMA, the Business of Health Care is included in your all-access membership. That's right, no extra fees or charges. Just the way it should be. 

Not a member yet but committed to improving the health of your career and the industry? Join now and receive instant access to the course, along with a comprehensive collection of career-boosting content, certifications, and community to stay on the cutting edge of what's new and what's next. 

Pricing Options

All-Access HFMA members: No charge, included with All-Access membership   

University  & Non-All-Access HFMA members: discounts may apply

Select "Add To Cart" directly below.

Add to Cart   

Non-members:
$399
Select "Add To Cart" directly below.

Add to Cart

To purchase HFMA Business of Health Care® for your organization or team, please contact Vincent Lynn at (800) 252-4362, ext. 302 or by email at vlynn@hfma.org.  

Courses

The program’s six-course sequence will prepare you to:

  • Identify the current trends of healthcare delivery models in the US and determine the impact of healthcare reform on healthcare delivery and payment;
  • Determine an organization’s financial health using financial performance ratios, key financial statements, and financial analysis tools;
  • Describe how financial strategic planning influences budgeting, costs, and pricing for healthcare services;
  • Identify the components of the revenue cycle, including patient engagement, billing, and collections;
  • Understand new metrics for future payment models, including quality indicators and patient satisfaction scores;
  • Describe new models for collaboration among healthcare providers, physicians, and health plans;
  • Define the trend toward population health in future healthcare delivery models.
Healthcare Finance—The Big Picture
Financial Accounting Concepts
Cost Analysis Principles
Strategic Financial Issues
Managing Financial Resources
Looking to the Future

Who should participate in this program?

  • Physicians and physician leaders
  • Dentists
  • Nurses at all levels
  • Pharmacists
  • Social workers
  • Clinical laboratory technologists, supervisors, and managers
  • Diagnostic imaging technicians, supervisors, and managers
  • Administrators at all levels in hospitals, health systems, physician practices, and health plans
  • Early careerists—young healthcare professionals laying the groundwork for successful careers
  • Anyone who is: new to the field of healthcare management; needs to understand or communicate with staff teams about new models for payment and care delivery; wants to understand how work with patients affects—and is affected by—the bottom line; needs to understand basic accounting principles and the flow of payment for healthcare services

Program details

  • Prerequisites/advance preparation: None. One or more years in the healthcare industry is recommended.
  • Availability: 24/7, program access ends one year from start date; an estimated 7–10 hours is required to complete the program.
  • Format: Online self-study. Each self-paced course features brief knowledge demonstration exercises and a concluding quiz, plus a Concept Guide that can be used as a study guide. At the completion of all six courses, there is a final comprehensive examination to validate your knowledge.
  • Certificate: Participants who complete all courses and pass the final online assessment earn a certificate of completion.
  • Credit: Course participants may earn up to 14 continuing education credits.

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 program or select product. Contact HFMA directly at 3 Westbrook Corporate Center, Suite 600, Westchester, IL 60154, Attn: Professional Development, or call (800) 252-4362, ext. 2 or email inquiry@hfma.org. Please provide HFMA with your comments within two weeks of beginning the program.

Earning the Certified Healthcare Financial Professional (CHFP) credential

HFMA Business of Health Care® is the first of two required educational modules leading to the CHFP credential. The second is HFMA's Operational Excellence exam. Learn more.