Cost:

Free for HFMA Members
Buy HFMA Membership to Attend

Audience:

Health Plans
Hospitals and Other Providers
Physicians and Other Practitioners
Business Partners

Career level:

Executive
Experienced Professional
Mid-Senior

Recommended for:

Financial Planning
Accounting
Billing
Collections

Delivery Method:

Self Study

Advance Preparation:

None

Prerequisites:

Must be familiar with cost accounting

Course Availability:

1 Year

Live Webinar | Accounting and Financial Reporting
<div>A 2019 benchmarking survey of 40 of the top 100 U.S. IDN's has revealed that health systems lose up to $1.2 M per every $1B in annual spend.&nbsp;</div><div><br></div><div>This financial leakage persists because hospitals and health sy...
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Podcast | Accounting and Financial Reporting
Ed Giniat, a partner at KPMG, discusses the challenges of financial reporting during the coronavirus crisis and the guidance his organization has issued on the topic.
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On Demand Webinar | Overview | Accounting and Financial Reporting
Most healthcare provider organizations perform patient accounting transactions and general accounting transactions in separate systems. Even though recent advances in technology have increased the opportunity to collect patient level activi...
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Live Webinar | Accounting and Financial Reporting
<div>Sponsored By <a title="" href="https://www.infor.com/" target="_blank">Infor</a><br><br>Most healthcare provider organizations perform patient accounting transactions and general financial accounting transactions in separate systems. E...
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Certification | Overview | Accounting and Financial Reporting
The CSAF recertification program is recommended for active, eligible HFMA CSAF certificants with an upcoming maintenance due date of October 1, 2020*. Not sure when your CSAF expiration date is? Sign in, click your profile image in the uppe...
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On Demand Webinar | Intermediate | Accounting and Financial Reporting

Advanced cost accounting: An organization's journey to Level 7 costing

On Demand Webinar | Intermediate | Accounting and Financial Reporting

Advanced cost accounting: An organization's journey to Level 7 costing

Description

Healthcare providers have little to no access to accurate, comprehensive, and actionable information on the cost of care.  While hospitals and health systems represents roughly $2 trillion of the annual spend on U.S. healthcare, close to 30% area 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 the journey to and cost accounting using the HFMA-Strata 7 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 program, 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

Related Courses | Accounting and Financial Reporting

On Demand Webinar | Overview | Accounting and Financial Reporting

How to connect financial results with clinical outcomes

Most healthcare provider organizations perform patient accounting transactions and general accounting transactions in separate systems. Even though recent advances in technology have increased the opportunity to collect patient level activity data at the time of resource utilization, Enterprise Resource Planning (ERP) applications have traditionally focused more on resource procurement and maintenance, than resource utilization. For reason this reason, it continues to be difficult to accurately connect financial results with clinical outcomes.

This webinar will discuss how healthcare organizations can better leverage data about patient activities and resource utilization to overcome the challenge of connecting financial results to clinical outcomes.

On Demand Webinar | Basic | Revenue Cycle

Managing financial complexity: Synchronizing revenue cycle and finance teams

Healthcare finance teams face many unique challenges that can slow down processes and negatively impact the patient satisfaction. Provider consolidation, new reimbursement models, and rising consumerism and technology changes can make insurance and patient payment processes time consuming, expensive and prone to error. This webinar will examine new strategies providers are simplifying processes, reducing costs, and building stronger collaboration between the revenue cycle and finance teams. Hear how these strategies can help your organization decrease cost to collect, reduce AR days, improve working capital, and enhance the patient payment experience.

Original live webinar date: 11/20/19

On Demand Webinar | Basic | hfma:content/topic/strategic_partnershipsmergersandacquistions

Getting the full value out of your transaction/acquisition plan

As the health care industry continues to consolidate, health system leaders are facing increasing pressure to aggressively acquire scale. With opportunities including acquisition or divestiture of individual hospitals, health systems, and physician practices, the M&A landscape has become even more complex. Additionally, shrinking margins and changing payment mechanisms also put greater pressure on realizing the expected value of a transaction through strategic, operational, and financial alignment.

This webinar will explain strategies for achieving the full value of your transaction by exploring frameworks and case studies for developing transaction value and defining strategic intent; conducting value focused diligence across 6-8 high value areas; and transitioning from deal planning and execution to integration planning and implementation.

We will present approaches to develop a replicable playbook that addresses that continuum, from due diligence and deal structure, Day 1 Readiness planning, and post-merger integration approaches. In addition to sharing some tested methodologies to enable achievement of the strategic and operational premise of any transaction, we will also share lessons learned from more challenging, and even failed transactions.

Original live webinar date: 11/19/19

Certification | Overview | Accounting and Financial Reporting

Certified Specialist Accounting & Finance Recertification

The CSAF recertification program is recommended for active, eligible HFMA CSAF certificants with an upcoming maintenance due date of October 1, 2020*. Not sure when your CSAF expiration date is? Sign in, click your profile image in the upper right corner, select My Development, and then click on the Certifications tab near the center of the page. You'll see your certifications along with their expiration date.


HFMA requires that eligible CSAF certificants gain continuing competence in the accounting and finance arena by taking a short assessment every two years. This program provides healthcare organizations with a means to ensure that their staff has the body of knowledge necessary to meet their demands. 

CSAF recertification course outline:
  • Financial Planning and Budgeting
  • Financial Reporting: Liabilities and Long-Term Debt
  • Financial Reporting: Relationships and Procedures
  • Financial Reporting: Revenue and Assets
  • Accounting Oversight and Internal Control
Assessment information:
This online program includes the above recertification courses and a recertification assessment. The assessment has 50 multiple choice questions and you have 90 minutes to complete it in one sitting. The passing score is 70%. If you do not pass on the first attempt, there is a mandatory 30-day waiting period. Please keep this in mind, as the deadline to complete the recertification assessment (to maintain your certification) is October 1, 2020*.

*During this unprecedented time HFMA is committed to meeting the need of its certified individuals. HFMA is implementing a certification maintenance grace period to allow for additional time to meet the recertification requirement. The maintenance deadline will be extended from May 31, 2020 to October 1, 2020.