Cost:

Free for HFMA Members
$399 for Non-members

Delivery Method:

QAS Self Study

Course Availability:

12 Months

Recommended for:

Accounting
Auditing
Budgeting
Cost Containment
Financial Planning
Treasury

Career level:

Experienced Professional
Mid-Senior

Audience:

Business Partners
Hospitals and Other Providers

Field of Study:

Accounting: 3.5 hours
Finance: 10.5 hours

Advance Preparation:

General knowledge and familiarity with cost accounting principles, budgeting concepts, cash manageme

Prerequisites:

Two or more years in health care is recommended
Article | Accounting and Financial Reporting

As demonstrated by the experiences of two health systems, developing an effective post-acute care strategy requires a focus on the discharge-planning process, stakeholder engagement, and data to promote stakeholder awareness.

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Research & Reports | Accounting and Financial Reporting

Hospital executives say results of a new HFMA study are true: A range of higher-profile priorities, including simple survival, has kept their organizations from improving their cost-accounting abilities for almost a decade.

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Live Webinar | Accounting and Financial Reporting

Sponsored by Kaufman Hall

The Healthcare Financial Management Association (HFMA) and the American Association for Physician Leadership (AAPL) are honored to collaborate to provide education and experiences that bring together clinica...

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Live Webinar | Accounting and Financial Reporting

Healthcare providers have little to no access to accurate, comprehensive, and actionable information on the cost of care. While hospitals and health systems represent roughly $2 trillion of the annual spend on U.S. Healthcare, close to 30% ...

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How To | Accounting and Financial Reporting

HFMA President and CEO Joe Fifer discusses the new cost accounting model launched as a collaboration between HFMA and Strata Decision Technology.

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Certification | Intermediate | Accounting and Financial Reporting

Certified Specialist Accounting and Finance (CSAF)

Certification | Intermediate | Accounting and Financial Reporting

Certified Specialist Accounting and Finance (CSAF)

Description

The critical role of accounting and finance requires technical competencies used in decision support for all areas of healthcare management. The course provides an overview of healthcare accounting and finance to strengthen these competencies and address financial reports and statements unique to healthcare. In addition, the program provides a practical overview of risk-sharing arrangements, managed care contracts and profitability ratios.
After this program, you'll be able to..
  • Compare various types of budgets
  • Identify types of cost behaviors
  • Recognize the types of risk-sharing arrangements in managed care contracts
  • Identify capital investment evaluation techniques

Related Courses | Accounting and Financial Reporting

Certification | Overview | Finance and Business Strategy

Operational Excellence Exam - Module II of CHFP

Succeeding in today's high-value healthcare environment requires financial professionals, clinical and nonclinical leaders, and payers and others to have a broad range of business and financial skills including: 

  • Business acumen
  • Collaboration
  • Financial strategy
  • Understanding future trends
The Operational Excellence exam is Module II of the Certified Healthcare Financial Professional (CHFP). The CHFP is geared toward those whose jobs require a deep understanding of the new financial realities of health care. 

Course | Intermediate | Accounting and Financial Reporting

Promote Yourself: Accounting & Finance

This program provides an overview of healthcare accounting and finance to strengthen competencies in understanding payment models and revenue management. It consists of 14 courses, each with its own assessment:

  • An Overview of Budgeting and Forecasting
  • Budgeting and Forecasting
  • Understanding IRS Form 990
  • Medicare and Medicaid Reimbursement Systems
  • Cost Analysis and Management
  • Financial Reporting: Revenue and Assets
  • Financial Planning and Budgeting
  • Accounting Oversight and Internal Control
  • Capital Planning and Financing
  • Financial Reporting: Relationships and Procedures
  • Financial Reporting: Liabilities and Long-Term Debt
  • Investments and Cash Management
  • Reimbursement and Managed Care
  • Malpractice Insurance and Risk Management

On Demand Webinar | Intermediate | Accounting and Financial Reporting

How reliable cost data supports strategic decision making at ProHealth Care

The demand for sound, fact-based decision making has never been greater as hospitals and health systems face increasing pressures to improve care quality and outcomes while reducing costs. During this webinar, we will share insights on how to generate cost accounting data that is precise and reliable and fully transparent across the organization.

Hear a senior Finance executive from Wisconsin-based ProHealth Care describe how access to service line reporting, cost category detail reporting and dashboards has enhanced decision making for leadership and how profitability and cost information is being shared in the health system beyond a typical operating statement.

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: $299
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.