Cost:

Free for HFMA Members
Buy HFMA Membership to Attend

Advance Preparation:

None

Prerequisites:

None

Course Availability:

1 Year

How To | Financial Leadership
Finance leaders increasingly have responsibility for supervising operational leaders within their organizations, and best practices in coaching can help them provide valuable guidance.
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Podcast | Financial Leadership
HFMA President and CEO Joe Fifer interviews Dennis Dahlen, CFO at Mayo Clinic, about heading up finance at one of the top healthcare institutions in the country. Dahlen discusses the importance of physician leaders, Mayo's commitment to a p...
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Trend | Financial Leadership
The governance of Healthy Aurora seeks to equalize decision-making by uncoupling the amount of financial contribution/investment from decision-making authority.
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Trend | Financial Leadership
A single organization can engage in both corporate social responsibility, driven by compliance with laws, regulations and norms, and corporate social responsiveness, driven by organizational vision, mission and values and often framed as th...
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How To | Financial Leadership
Incumbent providers will be put to the test as the healthcare business model shifts to a price-competitive, retail-focused market. All stakeholders within the organization must understand what is at stake and their responsibilities for achi...
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On Demand Webinar | Overview | Financial Leadership

Proposed Changes to the Physician Self-Referral (Stark) Law to Promote Value-Based Payments

On Demand Webinar | Overview | Financial Leadership

Proposed Changes to the Physician Self-Referral (Stark) Law to Promote Value-Based Payments

Description

The Centers for Medicare and Medicaid Services (CMS) has proposed the most sweeping changes to the regulations that interpret the physician self-referral law (the "Stark Law") in over twenty years. This webinar will principally focus on how the newly-proposed regulations, if finalized, would afford hospitals, physician groups, clinics, and other care providers significant additional flexibility to compensate physicians for collaboration on value-based care arrangements involving commercial, Medicare, or other patient populations. It will also provide an overview of other helpful proposed changes affecting an even broader array of physician compensation arrangements.

Original live webinar date: 11/18/19
After this program, you'll be able to..
  • identify which types of value-based arrangements would qualify for protection under the newly-proposed physician self-referral regulations.
  • Distinguish between the three distinct newly-proposed exceptions for protecting compensation paid to a physician under a qualified value-based arrangement.
  • Identify important areas of additional flexibility included in the newly-proposed regulations.
  • Identify topics on which CMS solicited feedback in advance of issuing final regulations.

Related Courses | Financial Leadership

On Demand Webinar | Basic | Finance and Business Strategy

2019 Performance Improvement Insights: Strategy, Technology and Tactics that Drive Cost Transformation

Kaufman Hall and HFMA explored the powerful performance improvement strategies discovered in the third annual State of Healthcare Performance Improvement: Strategy, Technology, and Tactics survey. These strategies will position your organization to identify and establish clear and attainable performance improvement goals, and help you deploy successful cost transformation initiatives throughout your organization.

Original live webinar date: 11/21/19 

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

Course | Intermediate | Accounting and Financial Reporting

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

Certification | Overview | Finance and Business Strategy

Operational Excellence Exam - Module II of CHFP

Demonstrate a deep understanding of healthcare finance when you earn HFMA's flagship certification, the Certified Healthcare Financial Professional (CHFP).

Dive into the new financial realities of health care and come up with a better business skill set, new ideas on financial strategy, and insights into future trends. Earning this certification indicates a level of knowledge and expertise across four essential pillars:

  • Business acumen
  • Collaboration
  • Financial strategy
  • Understanding future trends
The Operational Excellence exam is Module II of the Certified Healthcare Financial Professional (CHFP). Paid student members are eligible to register for and take both modules of the CHFP certification program (included with membership). Student members who successfully complete the CHFP requirements will earn their designation upon assuming Professional or Business Partner level member status.

Once you complete the Operational Excellence exam, you will have the knowledge to work more effectively toward the shared goal of improving patient health.

Available online, 24/7, this key concepts guide, assessment, certification maintenance, and digital badging related costs are all included in HFMA membership.

"The Certified Healthcare Financial Professional credential was the missing piece in my extensive healthcare background. Being certified has broadened my possibilities in controlling my future or career path." - Isabelle M. Guembou, LEAN 6 Sigma Executive, Organizational Improvement and Planning

Course Outline:
The intent of Module II of the CHFP is for you to exhibit your mastery of the information learned in Module I, HFMA's Business of Health Care. In the Operational Excellence exam, you will apply that learning through your careful responses to case study challenges that comprise the exam. The Module II concepts guide is provided as an instructional document is to assist certification candidates in earning the Certified Healthcare Financial Professional (CHFP) designation by identifying the primary business challenges faced by providers, physicians, and payers today.

Assessment information:
The Operational Excellence exam is a 56-question case-study based exam. You are presented with 8 case studies and 7 questions for each. The passing score is 65%. If you do not pass on the first attempt, there is a mandatory 30-day waiting period. You'll have access to the exam summary and key concepts guide while you wait for your next attempt. The exam summary will show you how you did on the questions from each case study.