Cost:

Free for HFMA Members
Buy HFMA Membership to Attend

Audience:

Business Partners
Hospitals and Other Providers

Career level:

Experienced Professional
Mid-Senior

Recommended for:

Accounting
Business Operations

Delivery Method:

Self Study

Advance Preparation:

None

Prerequisites:

None

Course Availability:

18 Months

Fact Sheet | Accounting and Financial Reporting

This document provides an overview of the CMS requirement that Medicare/Medicaid crossover balances be recorded as bad debt expense.

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Trend | Accounting and Financial Reporting

A study finds that the combined cost of malpractice premiums, paid losses and self-insurance costs for acute care hospitals with a filing available ending between 2013 and 2017 declined over the five-year period.

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On Demand Webinar | Intermediate | Accounting and Financial Reporting

Physician performance, both in terms of clinical quality and financial profitability, continues to be a key component of operational success in healthcare. Considering their work is often not only clinical, but also includes academic, resea...

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Course | Intermediate | Accounting and Financial Reporting

This course explains the impact on financial reporting of various relationships between a reporting healthcare organization and other entities in which it has control and/or economic interest. It also explains how equity transfers between r...

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Course | Intermediate | Accounting and Financial Reporting

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 unfavorabl...

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Course | Intermediate | Accounting and Financial Reporting

A&F: Financial Reporting: Revenue and Assets

Course | Intermediate | Accounting and Financial Reporting

A&F: Financial Reporting: Revenue and Assets

Description

This course explains the different categories of healthcare enterprises and the process to record revenues from varying sources. It discusses reporting requirements for restricted and unrestricted net assets, and explains how cash and cash equivalents are reported, including handling of agency funds and credit risks. This course describes the accounting and reporting of investments in investment securities that have readily determinable fair values and all investments in debt securities. It explains how healthcare organizations should account for and report property and equipment, supplies, and other assets.
After this program, you'll be able to..
  • Identify the type of organization based on a healthcare organization's operating characteristics
  • Identify sources of revenue from healthcare services
  • Recognize how retrospective reimbursement from third-party payers affects revenue accounting
  • Identify examples of unrestricted net assets used in fund accounting
  • Recognize the difference between a temporarily restricted net asset and a permanently restricted net asset
  • Recognize the categories of temporary restrictions that may be reported in separate line items
  • Identify how cash and cash equivalents are reported in the financial statements of a healthcare organization
  • Identify how organizations may receive and handle assets owned by others under agency relationships
  • List some examples of potential exposures to credit risk
  • Identify the accounting and reporting for investments in equity securities that have readily determinable fair values and all investments in debt securities held by different entities
  • Recognize which unrestricted investment returns are included in net income
  • Recognize the effect on decline in fair value when an investment manager has been granted discretionary authority over an entity's holdings
  • Recognize how property and equipment, supplies, and other assets are handled in a healthcare organization's financial statements
  • List typical accounts used to record property and equipment transaction

Related Courses | Accounting and Financial Reporting

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

Browsers:
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 - http://get.adobe.com/shockwave/
Adobe Flash Player - http://get.adobe.com/flashplayer/
Java - http://www.java.com/en/download/index.jsp

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

On Demand Webinar | Intermediate | Accounting and Financial Reporting

Provider costing to assess physician financial performance

Physician performance, both in terms of clinical quality and financial profitability, continues to be a key component of operational success in healthcare. Considering their work is often not only clinical, but also includes academic, research and administrative responsibilities, how does one accurately and completely assess these activities and determine the cost of care provided by physicians? Drawing on the experience of St. Joseph's Health in Paterson, New Jersey. This webinar explores the unique aspects of provider costing and decision support to fully analyze and report physician financial performance.

Course | Intermediate | Accounting and Financial Reporting

A&F: Financial Reporting: Relationships and Procedures

This course explains the impact on financial reporting of various relationships between a reporting healthcare organization and other entities in which it has control and/or economic interest. It also explains how equity transfers between related not-for-profit entities are handled. The course describes the basic elements of financial statements for healthcare organizations. It also explains how accounts receivable are recorded for payments from third-party payers, and for uncompensated care vs. bad debt. The course explains the two different methods of rate setting and describes how pledges from donors are accounted for and reported.

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.