HOSPITAL FINANCE TRAINING

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Basmart Health offers a range of professional training courses in the fields of medical services and integrated health development.

We are considered unique in this type of advanced training, which reflects an excellent ability to deal with the finer details in medical and health care.

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Hospital Finance

Hospital financial management must be alert to all hospital management system.

In today s healthcare environment, financial issues are paramount, and managers must be prepared as they strive to improve the delivery of health services. This course blends theory with tools managers need for on-the-job decision making, and this help to make educated financial decisions in even the most complex provider settings.

On completion of this course you should be able to:

  • Review and understand the various types of financial decisions healthcare providers make and a more user-friendly approach to the topics presented:
  • Explain the effects of health reform and the Affordable Care Act on financial management Consolidation of content about health insurance and payments to providers.
  • Illustrate key concepts through the Integrative Applications present in-depth practice problems.
  • Simulates the most interesting real-world situations through anecdotal sidebars connected with the course.
  • Obtain a package of key equations in one place to get a handy summary of the most important mathematical formulas and variable definitions.

Course Outline

Various methods for reporting financial information in a hospital will discussed. Both statistical and financial reporting are used in management decision making. Financial statements, such as the hospital balance sheet and the statement of revenues and expenses, constitute the majority of management information prepared within the hospital’s finance department. Financial indicators derived from these statements are explained. Accounts receivable, budget, and cash reports are also discussed. Several types of reports that analyze financial information by diagnosis-related groups are described, and the level of detail needed in these reports is discussed. Management of hospital financial operations under new hospital reimbursement systems will require more specialized types of management information and reporting. Through the marriage of medical and financial data, hospitals will have the information needed to manage their product–health care–in the most cost-effective and efficient manner.

PART (1): The Healthcare Environment
 Introduction to Healthcare Financial Management
 The Third-Party-Payer System
PART (2): Basic Financial Management Concepts
 Time Value Analysis
 Financial Risk and Required Return
PART (3): Capital Acquisition
 Debt Financing
 Equity Financing and Investment Banking
 Securities Valuation, Market Efficiency, and Debt Refunding
 Lease Financing
PART (4): Cost of Capital and Capital Structure
 Cost of Capital
 Capital Structure Decisions
PART (5): Capital Allocation
 The Basics of Capital Budgeting
 Project Risk Analysis
PART (6): Financial Condition Analysis and Forecasting
 Financial Condition Analysis
 Financial Forecasting
PART (7): Other Topics
 Taxes and the field.
 Working Capital Management.
 Business Valuation, Mergers, and Acquisitions.
 Capitation, Rate Setting, and Risk Sharing.
 Financial Risk Management.

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