Health system leaders and team members are constantly challenged with the accumulation, presentation, analysis and interpretation of their organization’s financial status. The healthcare financial management decision-making process depends on valid and reliable financial statements, and proper interpretation of such statements, to make appropriate decisions regarding the organization’s future. Led by a healthcare financial accounting and financial management educator with over 10 years of healthcare management experience, this session will review basic financial accounting concepts and then dive into financial management decision-making calculations, case studies and group-level analyses. If permitted, your organization’s specific financial statements can be utilized for this session. Get back to the basics and examine healthcare finance concepts to excel as a healthcare leader and further the organization’s team-oriented approach to financial decision-making.

Seminar Objectives:

• List, identify and apply Generally Accepted Accounting Principles (GAAP) and related bookkeeping concepts to common civilian healthcare industry characteristics.
• Recall and discuss various sections of common financial statements for the healthcare organization to include the balance sheet, statement of operations, statement of changes in net assets and the statement of cash flows.
• Apply healthcare financial management concepts, definitions and formulas to enhance decision-making skills related to healthcare industry challenges surrounding financial statement analyses, quality measures and the revenue cycle.

Who Should Attend:

Healthcare system leaders with a need for understanding healthcare financial accounting and healthcare financial management concepts and application common in today’s healthcare industry.

Presented by:

• Cristian H. Lieneck, PhD, FACHE, associate professor, Healthcare Administration, 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.