Shrinking profit margins due to reductions in Medicare and managed care reimbursement and the escalating cost of providing high-quality patient care have resulted in a renewed emphasis on financial skills for today’s healthcare executives. By understanding the economic and financial conditions that affect your financial outcomes, you can help your organization remain competitive. You will leave this seminar with the financial analysis tools and techniques needed to achieve your organizational and financial goals.

Seminar Objectives:

• Healthcare economic information and how it affects your healthcare organization.
• Details of financial statements and their relevance to the organization’s financial outcomes.
• Financial ratios to measure your organization financial performance against standard benchmarks.
• Key elements of the resource allocation process and how they can be used to improve financial performance.
• Basics of cost accounting and its significant implications for financial performance.
• Prosper in this difficult economic cycle of reduced reimbursement and tightening credit.

Who Should Attend:

Senior- and mid-level executives.

Presented by:

• Michael Nowicki, EdD, FACHE, FHFMA, Professor of Health Admin, Texas State University

Continuing Education Credit

In addition to the ACHE In-Person Education or Virtual Interactive Education credits assigned to this seminar, ACHE is accredited by other organizations to provide continuing education credit. View complete information about these organizations.

All Choice seminars can be offered as Virtual Interactive programs or live In-Person programs.

For more information about this seminar and Choice programs, contact Martijn van Oort, director, business development, at (312) 288-1872 or choice@ache.org.