Critical Financial Skills for Hospital Success

Essential techniques to achieve organizational success

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 organizational requirements 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.

  • Understand the details of financial statements and their relevance to the organization’s financial outcomes.
  • Use financial ratios to measure your organization against standard benchmarks.
View additional learning objectives

You'll also learn:

  • Apply operating and capital budgeting techniques to achieve optimum success.
  • Benchmark against the industry financial metrics to gauge organizational performance.
  • Differentiate the elements of operating and capital budgets that have the greatest effect on financial outcomes.
  • Prosper in this difficult economic cycle of reduced reimbursement and tightening credit.

Presented by: Michael Nowicki, EdD, FACHE, FHFMA

Keep competitive as you explore critical financial analysis tools from seminar leader Michael Nowicki, EdD, FACHE, FHFMA, professor of Health Administration, Texas State University.

For More Information about this program and the On-Location Program:

 
To Purchase On-Location Programs
Call ACHE's On-Location Coordinator at (312)-424-9362 or email at dtownsend@ache.org

Seminar Offered in Lengths of:
3-Hour (Half-Day)
6-Hour (1-Day)
12-Hour (2-Day)

Who Should Attend
CEOs, vice presidents, physician executives, nurse executives, department managers and those new to the healthcare field who are interested in developing a working knowledge of hospital financial techniques.
Continuing Education Credit

ACHE Face-to-Face Education credits assigned to this seminar are commensurate to the length of the seminar in hours.

In addition to the ACHE Face-to-Face Education credits assigned to this seminar, ACHE is accredited by other organizations to provide continuing education credit.

  • National Association of State Boards of Accountancy (NASBA)
  • National Association of Boards of Examiners of Long Term Care Administrators (NAB): A $135 fee will be applied and sponsor must notify the On-Location coordinator of request prior to Letter of Agreements being signed.
  • Accreditation Council for Continuing Medical Education (ACCME): A lengthy application process is required involving an extensive needs assessment to be undertaken by the sponsoring organization. In addition, all promotional communication must be approved for ACCME accreditation by ACHE. Sponsor must notify the On-Location coordinator of request prior to Letter of Agreements being signed.