Register

Date & Time

Wednesday, June 19 — 2:00 – 3:30 p.m., CT

Speakers

Chris Lloyd            
Manager of Cost Accounting    
Baptist Health, AR

RJ Kleinhans
Senior Consultant
Strata Decision Technology
        

Summary

Healthcare providers have little to no access to accurate, comprehensive, and actionable information on the cost of care. While hospitals and health systems represent roughly $2 trillion of the annual spend on U.S. healthcare, close to 30% are operating at a loss. As healthcare organizations face the challenge of reducing variation, waste and inefficiency to invest in higher value care, they need access to data and methodologies that can help them. Baptist Health began their journey to advanced cost accounting using the HFMA-Strata L7 Cost Accounting Adoption Model™ as their roadmap. In this session, discover how Baptist Health developed more sophisticated advanced processes and workflows to increase the accuracy and accessibility of their cost data… and achieve more meaningful, accurate financial output.


After This Webinar You'll Be Able To:

  • Assess your current cost accounting methodology to understand the level of accuracy of your cost data
  • Benchmark your organization’s cost data and cost accounting methodologies against your peers to identify areas of opportunity for your organization
  • Create a roadmap for actions required to advance your methods and processes to ensure your cost accounting approach meets your strategic needs

Recommended for:

CEOs, CFOs, Directors of Revenue Cycle, Billing and Collection Managers, Finance, Decision Support, Budget, Cost Accountants  

Field of Study: Specialized Knowledge                      

Delivery Method: Group Internet
Level: Intermediate                                                       
Pre-work: None                            
Prerequisites: Must be familiar with cost accounting                                         
CPEs: 1.5

Pricing:

HFMA Members: Free
Non-Members: Only available with a complimentary code or $99

Register

How Does It Work?

After you enroll in the webinar, you will receive an email confirmation. It includes a link to join the webinar. The webinar will open 30 minutes prior to the start time. You can download the handouts in the webinar session.

Read additional information on CPE credits, our guarantee, and terms of registration.