Free for HFMA Members
Buy HFMA Membership to Attend

Delivery Method:

Self Study

Course Availability:

18 Months

Recommended for:


Career level:

Experienced Professional


Business Partners
Hospitals and Other Providers

Advance Preparation:



Blog | Budgeting

A review of the possible implications for alternative payment models and provider payment rates in the wake of the national debt cresting at $1 trillion with a possible recession looming.

Course | Intermediate | Budgeting

This course introduces budgetary control and explains the principles of strategic planning. It also describes the components of a business plan, explains the types of control budgets, lists the types of budgeting techniques, and explains bu...

How To | Budgeting

For some healthcare providers, a combined budgeting approach using advanced statistical forecasting techniques in conjunction with a rolling budget process provides an optimum balance between traditional budgeting techniques and future fore...

Case Study | Budgeting

New processes, coupled with decision-support software, have helped New Jersey’s largest health system save on equipment service and better plan for equipment replacement.

Blog | Budgeting

Advisory Board’s John Johnston shares expert insights from a colleague, Sean Angert, regarding today’s challenges with hospital budgeting and margin sustainability, with planning advice for CFOs.

Course | Intermediate | Budgeting

A&F: Financial Planning and Budgeting

Course | Intermediate | Budgeting

A&F: Financial Planning and Budgeting


This course describes how organizations use budgets and presents an overview of types of budgets. It outlines steps in the budgeting process and describes two common budgeting methods. It reviews common cost behaviors and explains how they figure into flexible budgeting approaches. The course describes the role that reporting plays in financial planning and budgeting, and explains how organizations can evaluate capital requests. This course outlines the concept of ratio analysis and presents a broad look at four categories of ratio analysis.
After this program, you'll be able to..
  • Identify the level of management responsible for an operating budget
  • Identify a budget calendar
  • Identify the common sources of information used to develop the budgets included within the operating budget
  • Recognize the two most common approaches to departmental budgeting
  • Identify what is required to develop projections based on zero-based budgeting 
  • Identify the process of controlling utilization of resources, particularly labor, and incorporating benchmarking techniques and usage
  • Name the advantage of flexible budgets over fixed budgets
  • Define responsibility reports
  • Identify an effective responsibility reporting process, including steps and responsibilities
  • Name some of the significant variances that department heads should explain to upper management
  • Recognize the common capital investment evaluation techniques
  • Define the concept of ratio analysis
  • Recognize the specific uses of ratio analysis
  • Recognize how ratio analysis can help in determining how much of a debt burden an organization can assume
  • Name several types of profitability ratios
  • Name several liquidity ratios
  • Name several activity ratios
  • Define capital structure ratios

Related Courses | Budgeting

Course | Overview | Finance and Business Strategy

HFMA Business of Health Care® (for CME)

Whether you are a clinician, physician, finance or health plan leader, nurse, therapist, dentist, or pharmacist, HFMA Business of Health Care® was designed to give you an essential understanding of the complex ecosystem your day-to-day operations are part of. That understanding can help you use your knowledge and skills more effectively to improve patient care and health outcomes.

As important, it can enable you to contribute to the critical conversations and decision-making that are changing the industry and how you work in it.

Participants who successfully complete the six-course sequence and the final evaluation of knowledge may qualify to earn continuing education credits. All participants who meet the program's requirement receive a course completion certificate - recognition they can use to advance in their career and demonstrate their commitment to excellence.

Title: HFMA Business of Health Care®
Original Release Date: 3/1/2016
Renewal Date: 4/1/2019
Expiration Date: 3/31/2020
You have access to this course for one year from purchase date
HFMA Business of Health Care online study materials PIM cost: $399
Estimated time to complete activity: 14 hours

Hardware and software needed to participate in the activity:
Operating Systems:
Windows versions XP and above, and MAC OS X 10.5 Leopard and above

Internet Explorer: We have officially supported IE 7 and up (although please note that Microsoft has itself warned against versions older than IE 8.0)
Mozilla Firefox: most recent two public versions
Chrome and Safari: more recent two public versions

eLearning Course Requirements:
Adobe Shockwave Player -
Adobe Flash Player -
Java -

For CME/CE questions, contact Postgraduate Institute for Medicine at
The online course is hosted by Healthcare Financial Management Association and the exam is hosted by Postgraduate Institute for Medicine.

Course | Intermediate | Budgeting

A&F: Budgeting and Forecasting

This course introduces budgetary control and explains the principles of strategic planning. It also describes the components of a business plan, explains the types of control budgets, lists the types of budgeting techniques, and explains budget variables. The course describes reporting functions, including responsibility reporting and offers details about types of cost behaviors. It introduces ratio analysis and discusses the four broad categories of ratio analysis.

Course | Intermediate | Accounting and Financial Reporting

A&F: Financial Accounting Concepts

This course defines strategic and operational planning, lists different types of budgets, and lists the steps of the budgeting procedure. In addition, this module presents an example of cash receipts, and introduces favorable and unfavorable cost center performance.

Course | Intermediate | Accounting and Financial Reporting

A&F: Financial Reporting: Liabilities and Long-Term Debt

This course describes how healthcare organizations should account for current liabilities and rules relating to tax exemption for healthcare organizations. It describes how long-term debt can be handled by healthcare organizations, including the practice of advance refunding. It also details the different types of revenue a healthcare organization must report and how to report the results of operations in a separate financial statement. Finally, the course explains how different kinds of reimbursement methods affect the financial risk and financial statements resulting from a contract.