The Hospital Accountant: Skills for Excellent Performance

On completion of this course, you should be able to:

• Define the term healthcare finance as it is used in this course.
• Describe the key characteristics of a business.
• Discuss the structure of finance department, the role of finance in health services organizations, and how this role has changed over time.
• Describe the major players in the health services industry.
• Discuss some of the regulatory and legal issues pertinent to the health services industry.
• List the key operational issues currently facing healthcare managers.
• Describe the organization of the course and the learning aids.

CONTENT:

• Introduction to Healthcare Finance
• The Financial Environment
• Financial Accounting
• The Income Statement and Statement of Changes in Equity
• The Balance Sheet and Statement of Cash Flows
• Managerial Accounting
• Cost Behavior and Profit Analysis
• Cost Allocation
• Pricing and service decisions
• Planning and Budgeting
• Basic Financial Management Concepts
• Time Value Analysis
• Financial Risk and Required Return
• Long-Term Financing
• Long-Term Debt Financing
• Equity Financing and Securities Markets
• Capital Structure and the Cost of Capital
• Capital Investment Decisions
• The basics of Capital Budgeting
• Project Risk Analysis
• Current Asset Management and Financing
• Financial Condition Analysis
• Lease Financing and Business Valuation

FOR WHOM:

Relevant Healthcare Practitioners

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.