Cost:

Free for HFMA Members
$399 for Non-members

Audience:

Business Partners
Hospitals and Other Providers

Career level:

Experienced Professional
Mid-Senior

Recommended for:

Accounting
Auditing
Budgeting
Cost Containment
Financial Planning
Treasury

Delivery Method:

QAS Self Study

Advance Preparation:

General knowledge and familiarity with cost accounting principles, budgeting concepts, cash management, financial reports, and internal control concepts

Field of Study:

Accounting: 3.5 hours
Finance: 10.5 hours

Prerequisites:

Two or more years in health care is recommended

Course Availability:

18 Months

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.

Estimated course completion time: 12-14 hours
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
Online program last updated: 5/24/2018

Related Courses | Accounting and Financial Reporting

On Demand Webinar | Basic | Revenue Cycle

Managing and measuring the patient financial experience

While overall patient experience is almost always measured as part of quality metrics, in this age of healthcare consumerism, there is another critical metric that needs to be measured and understood-the patient financial experience. Patients today are seeking tools and solutions that support them as healthcare consumers and help them move forward with the care they need in a way that is easy and convenient.  Their ability (or inability) to understand and comfortably pay medical bills often carries as much weight as the overall quality of care received.

This webinar will address how healthcare organizations can implement systems to better understand patients' expectations, measure and improve the patient financial experience, and ultimately improve overall patient satisfaction scores.


Original live webinar date: 10/22/2019

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.


Estimated course completion time: 1 hour and 45 minutes

Course | Intermediate | Accounting and Financial Reporting

A&F: 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.


Estimated course completion time: 1 hour and 15 minutes

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.


Estimated course completion time: 1 hour