Cost:

Free for HFMA Members
Buy HFMA Membership to Attend

Audience:

Hospitals and Other Providers

Career level:

Experienced Professional
Mid-Senior

Recommended for:

Financial Planning

Delivery Method:

Self Study

Advance Preparation:

None

Prerequisites:

None

Course Availability:

12 Months

Column | Capital Finance
Capital Finance: The healthcare market is evolving rapidly. Health systems’ approach to credit management and debt capacity must adapt accordingly.
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News | Capital Finance
A proposed accounting-rule change could increase costs and complicate debt initiatives for hospitals using a debt arrangement that was popular when interest rates were high.
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How To | Capital Finance
Capital Finance: Six strategies to capture savings deserve consideration by finance teams and in-depth analyses based on the organization’s unique capital structure goals and objectives.
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Article | Capital Finance
A review of hospital financing practices prior to the Great Recession of 2008 provides insight into how current practices might best respond to a new period of rising interest rates.
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Article | Capital Finance
The marriage of variable-rate debt and derivatives was certainly the biggest new development in hospital financing practice of the 1998-2008 decade and the one most likely to be carried forward over the next 10 years.
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Course | Basic | Capital Finance

Promote Yourself: Capital Planning and Financing

Course | Basic | Capital Finance

Promote Yourself: Capital Planning and Financing

Description

This course provides basic information about forms of long-term debt can be restructured, gives examples of how to calculate present value, and provides information on how capital and operating leases work and which criteria credit agencies use to assess an organization's creditworthiness. This is one course with one assessment.

Estimated course completion time: 1 hour and 45 minutes
After this program, you'll be able to..
  • Provide basic information about forms of long-term debt available to hospitals and how much an organization can and should borrow
  • Explain the nature of the covenents, or legal obligations, placed on the borrower of healthcare bond issues
  • Discuss how debts were restructured in the past
  • Describe how to put together a financing team
  • Explain the discounted cash flow method of quantifying the value of capital assets to be acquired
  • Give examples of how to calculate present value
  • Describe replacement cost and market comparision approaches to making capital investment decisions
  • Describe the two types of equity financing
  • List the benefits and risks associated with joint venture business relationships
  • Explain how capital and operating leases work and which criteria credit agencies use to assess an organization's creditworthiness

Related Courses | Capital Finance

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 May 31, 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 May 31, 2020.


Course | Intermediate | Audit and Internal Controls

A&F: Accounting Oversight and Internal Control

This course explains the five components of internal control, paying particular attention to the specific categories of accounting and administrative internal controls. The course summarizes each provision of the Sarbanes-Oxley Act of 2002 and explains the makeup, function, and standards of the Public Company Accounting Oversight Board. The course describes auditor responsibilities, defines key auditing terms, and explains how and why operational audits should be carried out.


Estimated course completion time: 1 hour and 15 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 | Budgeting

A&F: Budgeting and Forecasting

This course introduces budgetary control and explains the principles of strategic planning. It also describes the components of a business plan, explains the types of control budgets, lists the types of budgeting techniques, and explains budget variables. The course describes reporting functions, including responsibility reporting and offers details about types of cost behaviors. It introduces ratio analysis and discusses the four broad categories of ratio analysis.


Estimated course completion time: 2 hours