Equipment sharing: A new way for finance leaders to save capital dollars
With the cancellation of elective surgeries due to COVID-19, health system leaders must navigate their organization to a new financial future. Join as we outline an entirely new tranche of cost savings that can be achieved by maximizing the utilization of existing capital equipment with an asset sharing program.
You will be provided with a framework to benchmark equipment utilization across your facilities, and the steps to practically implement a sharing program.Learn from two health system case studies on how asset sharing can reduce new equipment needs by as much as 50%, while eliminating rental costs and satisfying more capital requests from your clinical team.
Original Live Webinar Date: 9/2/20
Capital Market Outlook
This session will discuss the impact of the coronavirus on Moody's ratings and the forward-view on credit post containment and reopening. You'll also examine recent rating activity and the incorporation of federal and state support in credit analysis. Finally, Ms. Goldstein will share Moody's longer-term implications of the pandemic, largely the weakening economy, expectations for rising uncompensated care, and the effect on financial leveraage and debt burdens.
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.
Financial Reporting: Revenue and Assets
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.