A program for anyone who needs to understand more about the basics of health care finance
Sept. 20-21, 2017
Chase Park Plaza Hotel
Financial performance, like mission, is a source of constant reflection in faith-based health care. Yet, very often for new leaders, knowledge of health care finance is gained more by experience than by formal training. This in-person program will offer an introduction to basic elements of finance that are often the subject of discussion for many executive and management teams, as well as governing bodies. Leaders without a formal knowledge of finance as it pertains to non-for-profit health care should be equipped with a basic understanding of these elements in order to offer appropriate input on important decisions. The presentations will cover the basic elements of health care finance and the basic tools used to assess and track the financial performance of a health care organization. The presenters will give attention to issues related to the Affordable Care Act. Leaders in a variety of professional areas have found this program very useful.
As a result of participation in this program, participants will be able to:
- Articulate the elements that comprise the "margin" earned by a health care organization and its effect on the overall strength of the organization.
- Name the sources of payment received by health care organizations and their implications for financial stability.
- Understand the elements of the "revenue cycle" and the importance of efficient processes to the financial health of an organization.
- Understand the role of the budget as an indicator of financial health and guide for future growth.
- Identify the most important financial statements commonly used by organizations and how to use them to understand their financial status
Who Should Participate?
This event is for administrators, clinicians, operations leaders, mission leaders, pastoral care leaders, communications leaders, human resources, sponsors and trustees interested in gaining a basic understanding of health care finance.
While a full agenda is not yet available, for planning purposes, the program will begin at approximately 1 p.m. CT on Sept. 20 and conclude by noon on Sept. 21.
Please be sure to visit this page and CHA's online Calendar of Events for forthcoming program details.