About this Event
Bring your team and save:
1. Groups of three or more receive a 10% discount
2. Organizations hosting an in-house session with 10+ participants enjoy a 15% discount.
Duration: 1 Full Day (8 Hours)
Delivery Mode: Classroom / Virtual
Language: English
Credits: 8 PDUs / Training Hours
Certification: Course Completion Certificate
Refreshments: Lunch, snacks, and beverages will be provided during the session
If you would like weekend training sessions, kindly reach out to us at [email protected] for availability and scheduling.
Course Overview:
Healthcare organizations today face rising operational costs, reimbursement complexities, digital transformation, and increasing pressure to improve financial performance while maintaining quality care. This practical workshop helps professionals understand healthcare finance, budgeting, revenue cycles, financial statements, KPIs, and operational cost management within hospitals, clinics, diagnostic centers, and healthcare service providers.
The training combines real healthcare scenarios, case studies, budgeting exercises, and practical financial planning techniques to help participants improve financial awareness, operational efficiency, and decision-making capabilities in modern healthcare environments.
Arlene’s Shift from Operational Management to Financial Confidence
Arlene was managing healthcare operations effectively but struggled with budgeting, financial reporting, and understanding operational costs. After attending the Financial Management & Accounting for Healthcare workshop, she gained practical knowledge in healthcare finance, budgeting, KPIs, and revenue cycle management. She introduced better financial tracking and improved coordination between operational and finance teams, helping the organization achieve clearer reporting and stronger financial awareness.
“Understanding healthcare finance completely changed the way I approach operational decisions,” Arlene shared.
Key Takeaways:
By the end of this training, you will be able to:
- Understand healthcare financial flows and structures
- Interpret financial statements confidently
- Build simple budgets and financial plans
- Analyze operational costs effectively
- Understand RCM workflows and KPIs
- Support better operational and financial decisions
Target Audience:
- Hospital & clinic managers
- Healthcare administrators & supervisors
- Billing, RCM & finance teams
- Quality and operations managers
- Healthcare entrepreneurs
- Anyone responsible for financial decisions in healthcare
Benefits for Individuals:
- Improve healthcare financial knowledge and budgeting skills
- Understand financial reports and KPIs confidently
- Strengthen operational and financial decision-making
- Improve cost management and planning capabilities
- Gain practical understanding of healthcare revenue cycles
Benefits for Organizations
- Improve operational efficiency and financial visibility
- Strengthen budgeting and cost control practices
- Improve KPI monitoring and financial reporting
- Support better resource allocation and productivity
- Enhance financial sustainability and decision-making
- Improve coordination between operational and finance teams
Why This Training Matters Today?
Healthcare organizations must balance patient care, operational efficiency, rising costs, digital healthcare transformation, and financial sustainability. Financial literacy is now an essential skill for healthcare leaders, managers, and operational teams seeking better productivity, accountability, and long-term business performance.
©2026 MG Aussie Events. This content is protected by copyright law. Copy or Reproduction without permission is prohibited.
Looking to Improve Financial Awareness Across Your Healthcare Teams?
This workshop is also available as a customized in-house corporate training program designed to help healthcare organizations strengthen budgeting practices, financial understanding, operational efficiency, and revenue cycle performance across teams and departments.
Contact us today to schedule a customized in-house, face-to-face session: [email protected]
Recommended courses:
- Managing Anxiety in the Healthcare Sector
- Motivational Interviewing for Healthcare & Mental Health Professionals
- Modern Healthcare in Industry
- Healthcare Leadership & Clinical Leadership
Agenda
Module 1: Healthcare Finance Foundations & Revenue Streams
Info: • Understanding major revenue sources in healthcare
• Cash flow cycles for hospitals & clinics
• Differences between payer types & reimbursement models
• Icebreaker Activity
Module 2: Cost Structure & Expense Management in Healthcare
Info: • Fixed vs variable costs across departments
• Cost drivers: staffing, supplies, consumables, equipment
• Managing operational and overhead expenses
• Activity
Module 3: Financial Statements for Healthcare Managers
Info: • Income statement, balance sheet & cash flow basics
• Reading financial performance in healthcare
• Identifying red flags & improvement opportunities
• Role Play
Module 4: Budgeting & Forecasting for Healthcare Units
Info: • Building annual and departmental budgets
• Volume-based and service-line forecasting
• Simple models for planning growth and expenses
• Case Study
Module 5: Revenue Cycle Management (RCM) Essentials
Info: • Patient registration → billing → collections process
• Denial prevention, coding accuracy & documentation flow
• Improving charge capture and payment turnaround
• Simulation
Module 6: KPIs, Ratios & Performance Metrics for Healthcare
Info: • Monitoring key financial indicators (AR days, collection rate)
• Operational KPIs: utilization, productivity, cost per visit
• Benchmarking performance across service lines
• Group Brainstorm Activity
Module 7: Financial Decision-Making for Healthcare Leaders
Info: • Basic financial evaluation for new services or investments
• Break-even thinking & cost-benefit considerations
• Prioritizing financial sustainability and value
• Action Plan Review
Event Venue & Nearby Stays
Regus 120 Collins Street, 120 Collins Street #Levels 31 & 50, Melbourne, Australia
AUD 743.56 to AUD 953.22
