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Category: Financial Managers

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The critical role of accounting and finance requires technical competencies used in decision support for all areas of healthcare management, compliance and development.
The critical role of accounting and finance requires technical competencies used in decision support for all areas of healthcare management, compliance and development.
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Produced by: Healthcare Financial Management Association (HFMA)
Today’s healthcare environment demands outstanding performance across the board.
Today’s healthcare environment demands outstanding performance across the board.
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Produced by: Healthcare Financial Management Association (HFMA)
Today’s healthcare environment demands outstanding performance across the board.
Today’s healthcare environment demands outstanding performance across the board.
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Produced by: Healthcare Financial Management Association (HFMA)
This course explains the five components of internal control, paying particular attention to the specific categories of accounting and administrative internal controls. In addition, the course summarizes each...
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This course explains the five components of internal control, paying particular attention to the specific categories of accounting and administrative internal controls. In addition, the course summarizes each provision of the Sarbanes-Oxley Act of 2002, which set new standards for corporate accountability by requiring public companies to certify the effectiveness of their corporate reporting. The course also explains the makeup, function, and standards of the Public Company Accounting Oversight Board, describes auditor responsibilities, and defines key auditing terms. Finally, the course explains how and why operational audits should be carried out and outlines the composition and function of an internal audit department.
This course explains the five components of internal control, paying particular attention to the specific categories of accounting and administrative internal controls. In addition, the course summarizes each provision of the Sarbanes-Oxley Act of 2002, which set new standards for corporate accountability by requiring public companies to certify the effectiveness of their corporate reporting. The course also explains the makeup, function, and standards of the Public Company Accounting Oversight Board, describes auditor responsibilities, and defines key auditing terms. Finally, the course explains how and why operational audits should be carried out and outlines the composition and function of an internal audit department.
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Produced by: HFMA - Healthcare Financial Management Association
This module introduces you to organizational forecasting. It defines strategic and operational planning, lists different types of budgets, and lists the steps of the budgeting procedure. In addition, this...
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This module introduces you to organizational forecasting. It 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.
This module introduces you to organizational forecasting. It 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.
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Produced by: HFMA - Healthcare Financial Management Association
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...
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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. It also describes reporting functions, including responsibility reporting. In addition, the course offers details about types of cost behaviors. It introduces ratio analysis and discusses the four broad categories of ratio analysis.
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. It also describes reporting functions, including responsibility reporting. In addition, the course offers details about types of cost behaviors. It introduces ratio analysis and discusses the four broad categories of ratio analysis.
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Produced by: HFMA - Healthcare Financial Management Association
This course provides basic information about forms of long-term debt available to hospitals and how much an organization can and should borrow. It also explains the nature of the convenants, or legal...
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This course provides basic information about forms of long-term debt available to hospitals and how much an organization can and should borrow. It also explains the nature of the convenants, or legal obligations, placed on the borrower of healthcare bond issues; discusses how debts were restructured in the past; and describes how to put together a financing team. In addition, the course explains the discounted cash flow method of quantifying the value of capital assets to be acquired and gives examples of how to calculate present value. Replacement cost and market comparison approaches to making capital investment decisions are also described. The course then describes the two types of equity financing and lists the benefits and risks associated with joint venture business relationships. Finally, it explains how capital and operating leases work and which criteria credit agencies use to assess an organization’s creditworthiness.
This course provides basic information about forms of long-term debt available to hospitals and how much an organization can and should borrow. It also explains the nature of the convenants, or legal obligations, placed on the borrower of healthcare bond issues; discusses how debts were restructured in the past; and describes how to put together a financing team. In addition, the course explains the discounted cash flow method of quantifying the value of capital assets to be acquired and gives examples of how to calculate present value. Replacement cost and market comparison approaches to making capital investment decisions are also described. The course then describes the two types of equity financing and lists the benefits and risks associated with joint venture business relationships. Finally, it explains how capital and operating leases work and which criteria credit agencies use to assess an organization’s creditworthiness.
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Produced by: HFMA - Healthcare Financial Management Association
Please see Learning Objectives for module descriptions.
Please see Learning Objectives for module descriptions.
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Produced by: HFMA - Healthcare Financial Management Association
This course explains the importance of cost accounting in helping organizations accurately predict the cost of providing services. It presents an overview of activity-based costing and describes how to...
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This course explains the importance of cost accounting in helping organizations accurately predict the cost of providing services. It presents an overview of activity-based costing and describes how to develop and analyze cost information by product line. Methods and benefits of developing a standard costing system are described. The course describes variable and fixed costs and presents four types of cost behaviors. The basic concepts of price variance, volume variance, and efficiency variance also are described.
This course explains the importance of cost accounting in helping organizations accurately predict the cost of providing services. It presents an overview of activity-based costing and describes how to develop and analyze cost information by product line. Methods and benefits of developing a standard costing system are described. The course describes variable and fixed costs and presents four types of cost behaviors. The basic concepts of price variance, volume variance, and efficiency variance also are described.
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Produced by: HFMA - Healthcare Financial Management Association
This course explains the different types of financial statements and their components. It also explains ratio analysis, variance analysis, and responsibility accounting. In addition, it explains the different...
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This course explains the different types of financial statements and their components. It also explains ratio analysis, variance analysis, and responsibility accounting. In addition, it explains the different types of cost patterns and lists the different types of costs. The course also describes four different approaches to costing.
This course explains the different types of financial statements and their components. It also explains ratio analysis, variance analysis, and responsibility accounting. In addition, it explains the different types of cost patterns and lists the different types of costs. The course also describes four different approaches to costing.
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Produced by: HFMA - Healthcare Financial Management Association
This course describes processes for optimal scheduling of staff and services, including forecasting staffing needs and managing variations. It also presents steps hospitals can take to retain nursing staff as...
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This course describes processes for optimal scheduling of staff and services, including forecasting staffing needs and managing variations. It also presents steps hospitals can take to retain nursing staff as a way of controlling labor costs. In addition, the course presents methods for improving productivity as a way of managing labor costs.
This course describes processes for optimal scheduling of staff and services, including forecasting staffing needs and managing variations. It also presents steps hospitals can take to retain nursing staff as a way of controlling labor costs. In addition, the course presents methods for improving productivity as a way of managing labor costs.
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Produced by: HFMA - Healthcare Financial Management Association
This course provides an overview of cost control initiatives in hospitals and reviews the link between cost and quality. It also discusses the essential role of finance in making this happen. In addition,...
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This course provides an overview of cost control initiatives in hospitals and reviews the link between cost and quality. It also discusses the essential role of finance in making this happen. In addition, this course details the components of patient care costs, as well as some specifics regarding care-based cost management (CBCM) principles and strategies. Finally, this course explains how hospitals are preventing medication errors using performance improvement approaches.
This course provides an overview of cost control initiatives in hospitals and reviews the link between cost and quality. It also discusses the essential role of finance in making this happen. In addition, this course details the components of patient care costs, as well as some specifics regarding care-based cost management (CBCM) principles and strategies. Finally, this course explains how hospitals are preventing medication errors using performance improvement approaches.
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Produced by: HFMA - Healthcare Financial Management Association
This course describes how organizations use budgets and presents an overview of types of budgets. It also outlines steps in the budgeting process and describes two common budgeting methods. This course also...
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This course describes how organizations use budgets and presents an overview of types of budgets. It also outlines steps in the budgeting process and describes two common budgeting methods. This course also reviews common cost behaviors and explains how they figure into flexible budgeting approaches. It describes the role that reporting plays in financial planning and budgeting, and describes how organizations can evaluate capital requests. Additionally, this course outlines the concept of ratio analysis and presents a broad look at four categories of ratio analysis. Examples of the use of ratio analysis in the healthcare industry are presented.
This course describes how organizations use budgets and presents an overview of types of budgets. It also outlines steps in the budgeting process and describes two common budgeting methods. This course also reviews common cost behaviors and explains how they figure into flexible budgeting approaches. It describes the role that reporting plays in financial planning and budgeting, and describes how organizations can evaluate capital requests. Additionally, this course outlines the concept of ratio analysis and presents a broad look at four categories of ratio analysis. Examples of the use of ratio analysis in the healthcare industry are presented.
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Produced by: HFMA - Healthcare Financial Management Association
This course describes how healthcare organizations should account for current liabilities. It also explains rules relating to tax exemption for healthcare organizations. The course describes how long-term...
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This course describes how healthcare organizations should account for current liabilities. It also explains rules relating to tax exemption for healthcare organizations. The course describes how long-term debt can be handled by healthcare organizations, including the practice of advance refunding. The course presents information about how malpractice claims are accrued. It explains accounting practices for retrospectively rated premiums, claims insured by captive insurance companies, and trust funds, including the use of actuaries. 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.
This course describes how healthcare organizations should account for current liabilities. It also explains rules relating to tax exemption for healthcare organizations. The course describes how long-term debt can be handled by healthcare organizations, including the practice of advance refunding. The course presents information about how malpractice claims are accrued. It explains accounting practices for retrospectively rated premiums, claims insured by captive insurance companies, and trust funds, including the use of actuaries. 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.
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Produced by: HFMA - Healthcare Financial Management Association
This course explains the impact on financial reporting of various relationships between a reporting healthcare organization and other entities in which it has control and/or economic interest. It also...
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This course explains the impact on financial reporting of various relationships between a reporting healthcare organization and other entities in which it has control and/or economic interest. It also explains how equity transfers between related not-for-profit entities are handled. This course describes the basic elements of financial statements for healthcare organizations. It also explains how accounts receivable are recorded for payments from third-party payers, and for uncompensated care vs. bad debt. Finally, this course explains the two different methods of rate setting and describes how pledges from donors are accounted for and reported.
This course explains the impact on financial reporting of various relationships between a reporting healthcare organization and other entities in which it has control and/or economic interest. It also explains how equity transfers between related not-for-profit entities are handled. This course describes the basic elements of financial statements for healthcare organizations. It also explains how accounts receivable are recorded for payments from third-party payers, and for uncompensated care vs. bad debt. Finally, this course explains the two different methods of rate setting and describes how pledges from donors are accounted for and reported.
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Produced by: HFMA - Healthcare Financial Management Association
This course explains the different categories of healthcare enterprises and the process to record revenues from varying sources. It also discusses reporting requirements for restricted and unrestricted net...
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This course explains the different categories of healthcare enterprises and the process to record revenues from varying sources. It also 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. In addition, this course describes the accounting and reporting of investments in investment securities that have readily determinable fair values and all investments in debt securities. Finally, this course explains how healthcare organizations should account for and report property and equipment, supplies, and other assets.
This course explains the different categories of healthcare enterprises and the process to record revenues from varying sources. It also 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. In addition, this course describes the accounting and reporting of investments in investment securities that have readily determinable fair values and all investments in debt securities. Finally, this course explains how healthcare organizations should account for and report property and equipment, supplies, and other assets.
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Produced by: HFMA - Healthcare Financial Management Association
This course introduces the various disbursement functions, including materials management, payroll, and accounts payable. It also describes approaches to inventory management, inventory control, inventory...
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This course introduces the various disbursement functions, including materials management, payroll, and accounts payable. It also describes approaches to inventory management, inventory control, inventory valuation, and evaluation of inventory performance. This module describes staffing procedures and payroll-related functions. In addition, this module explains requirements related to an organization's tax-exempt status.
This course introduces the various disbursement functions, including materials management, payroll, and accounts payable. It also describes approaches to inventory management, inventory control, inventory valuation, and evaluation of inventory performance. This module describes staffing procedures and payroll-related functions. In addition, this module explains requirements related to an organization's tax-exempt status.
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Produced by: HFMA - Healthcare Financial Management Association
This course explains the importance of managing cash for both day-to-day operations and longer term investments of a healthcare organization. It also describes the purpose of a cash budget and introduces...
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This course explains the importance of managing cash for both day-to-day operations and longer term investments of a healthcare organization. It also describes the purpose of a cash budget and introduces three different methods that can be used in preparing one. The course explains the factors that affect cash management and its two components. Furthermore, it explains the services offered by commercial banks to maximize return on cash balances and the criteria that a healthcare organization should use when selecting a financial institution. Additionally, this course defines four asset allocation strategies that can help a healthcare organization choose investments that best maximize returns and minimize risk. Finally, the course lists the types of risk associated with investments and explains how to evaluate risk, return, and liquidity. The course also describes how to select qualified money managers.
This course explains the importance of managing cash for both day-to-day operations and longer term investments of a healthcare organization. It also describes the purpose of a cash budget and introduces three different methods that can be used in preparing one. The course explains the factors that affect cash management and its two components. Furthermore, it explains the services offered by commercial banks to maximize return on cash balances and the criteria that a healthcare organization should use when selecting a financial institution. Additionally, this course defines four asset allocation strategies that can help a healthcare organization choose investments that best maximize returns and minimize risk. Finally, the course lists the types of risk associated with investments and explains how to evaluate risk, return, and liquidity. The course also describes how to select qualified money managers.
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Produced by: HFMA - Healthcare Financial Management Association
This course describes the types of insurance available to healthcare organizations to protect against unavoidable losses. It also describes the objectives, benefits, costs, and challenges of risk management,...
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This course describes the types of insurance available to healthcare organizations to protect against unavoidable losses. It also describes the objectives, benefits, costs, and challenges of risk management, and presents approaches to funding future losses. This course also explains how a provider can transfer risk to an independent third party and how the amount transferred affects the accounting treatment of loss. In addition, this course explains the risk providers run under a claims-made policy, the purpose of tail coverage, and how retrospectively rated policies and self-insurance programs work. Finally, this course explains IRS requirements for reporting compensation arrangements on Form 990 and describes employers’ requirements to provide, account for, and report post-employment and postretirement healthcare benefits.
This course describes the types of insurance available to healthcare organizations to protect against unavoidable losses. It also describes the objectives, benefits, costs, and challenges of risk management, and presents approaches to funding future losses. This course also explains how a provider can transfer risk to an independent third party and how the amount transferred affects the accounting treatment of loss. In addition, this course explains the risk providers run under a claims-made policy, the purpose of tail coverage, and how retrospectively rated policies and self-insurance programs work. Finally, this course explains IRS requirements for reporting compensation arrangements on Form 990 and describes employers’ requirements to provide, account for, and report post-employment and postretirement healthcare benefits.
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Produced by: HFMA - Healthcare Financial Management Association
This course describes the regulatory agencies that have authority over healthcare organizations, including the Centers for Medicare and Medicaid Services. It also explains how Medicare and Medicaid function...
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This course describes the regulatory agencies that have authority over healthcare organizations, including the Centers for Medicare and Medicaid Services. It also explains how Medicare and Medicaid function as payers, and how different kinds of healthcare organizations are reimbursed for services to beneficiaries. In addition, this course explains the ways in which Medicare calculates the amount of reimbursement for services provided by physicians and hospitals. It also explains how payment rates are set for Medicare HMOs. This course also describes a hospital’s responsibilities under the Emergency Medical Treatment and Active Labor Act (EMTALA).
This course describes the regulatory agencies that have authority over healthcare organizations, including the Centers for Medicare and Medicaid Services. It also explains how Medicare and Medicaid function as payers, and how different kinds of healthcare organizations are reimbursed for services to beneficiaries. In addition, this course explains the ways in which Medicare calculates the amount of reimbursement for services provided by physicians and hospitals. It also explains how payment rates are set for Medicare HMOs. This course also describes a hospital’s responsibilities under the Emergency Medical Treatment and Active Labor Act (EMTALA).
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Produced by: HFMA - Healthcare Financial Management Association
This course describes the four types of ratios used to analyze financial performance in healthcare organizations. The difference between financial and operating ratios is described. The desired positions for...
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This course describes the four types of ratios used to analyze financial performance in healthcare organizations. The difference between financial and operating ratios is described. The desired positions for trends and medians in values for these ratios are presented. Specific A/R benchmarks are presented. The course also describes how to estimate the contractual allowances that are applied against receivables.
This course describes the four types of ratios used to analyze financial performance in healthcare organizations. The difference between financial and operating ratios is described. The desired positions for trends and medians in values for these ratios are presented. Specific A/R benchmarks are presented. The course also describes how to estimate the contractual allowances that are applied against receivables.
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Produced by: HFMA - Healthcare Financial Management Association
This course describes how hospitals can use data to pinpoint and prioritize improvement opportunities. This course also explains the importance of measurements to making clinical process improvements work,...
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This course describes how hospitals can use data to pinpoint and prioritize improvement opportunities. This course also explains the importance of measurements to making clinical process improvements work, and describes the different kinds of measurements that are appropriate. In addition, this course explains how advances in information technology are allowing hospitals to integrate financial and clinical processes and data and thus improve both.
This course describes how hospitals can use data to pinpoint and prioritize improvement opportunities. This course also explains the importance of measurements to making clinical process improvements work, and describes the different kinds of measurements that are appropriate. In addition, this course explains how advances in information technology are allowing hospitals to integrate financial and clinical processes and data and thus improve both.
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Produced by: HFMA - Healthcare Financial Management Association
This course discusses how hospitals can reduce supply costs and improve the efficiency of supply-related processes using performance improvement approaches.
This course discusses how hospitals can reduce supply costs and improve the efficiency of supply-related processes using performance improvement approaches.
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Produced by: HFMA - Healthcare Financial Management Association