Building Financial Competence in the Current Healthcare Environment

This course will explore the relationship between financial ratios, budgeting targets and techniques that will improve accuracy, incorporate a long-term perspective, and create financially sustainable decisions.  

Course Outline:

Section 1: Understanding Key Financial Statements and Reports
Section 2: Ratios and Their Value
Section 3: Strategic Budget Development and Process
Section 4: Capital Budget Process and Considerations

When you complete this course, you’ll be able to: 

Review various types of budgets, key components and the interrelationships that impact the strategic financial health of an organization. 
Explore key financial metrics and reports to monitor. 
Review adjustments and levers to pull to meet financial targets. 
Use tools and techniques to manage costs to increase value. 
Evaluate investment opportunities for value-based decision making. 
Assess the significance of capital markets and factors influencing investments.

CPE Information:

CPE Award Amount: 3.0

Program Level: Basic

Program Prerequisite: 3-5 years’ experience in developing and managing budgets; general knowledge of healthcare organization financial terminology and concepts

Recommended Experience: Mid-level managers, directors or other individuals who have budgetary responsibility

Advanced Preparation: None

Instructional Method: Self-Study

Delivery Method: QAS Self-Study

Field of Study and Topic in hours: Finance – 3.0

CPE Sponsor: Healthcare Financial Management Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.