About this Event
Group Discounts:
- Save 10% when registering 3 or more participants
- Save 15% when registering 10 or more participants
For more information on venue address, reach out to "[email protected]"
About This Course
- Duration: 1 Full Day (8 Hours)
- Delivery Mode: Classroom (In-Person)
- Language: English
- Credits: 8 PDUs / Training Hours
- Certification: Course Completion Certificate
- Refreshments: Lunch, snacks, beverages included
Course Overview
This 1 Day workshop gives you practical, beginner-to-intermediate financial and accounting skills specifically tailored to healthcare businesses. You learn how finances flow inside hospitals, clinics, diagnostic centers, and healthcare service providers, covering revenue cycles, cost structures, budgeting, financial statements, KPIs, and basic decision-making models.
The content focuses on real healthcare scenarios, including payer reimbursements, insurance-driven revenue, service-line profitability, cost management, and financial planning for sustainable healthcare operations.
Learning Objectives
By the end of the training, you will be able to:
- Understand healthcare-specific financial flows and structures.
- Interpret financial statements with basic confidence.
- Analyze costs and manage departmental spending effectively.
- Build simple budgets and financial plans.
- Understand RCM workflows and identify improvement areas.
- Use KPIs and metrics to assess financial performance.
- Support better decision-making with financial insights.
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
Why Choose This Course?
This workshop combines financial fundamentals with healthcare-specific operational realities, giving you actionable skills—not theory. The trainer brings industry experience in healthcare finance, budgeting, RCM, and strategic planning, ensuring you learn tools you can immediately apply within hospitals, clinics, or healthcare business operations.
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Want to train your entire team in healthcare financial management?
We offer customized in-house programs tailored to your departments—finance, operations, RCM, or administration. The training can be aligned with your real budgets, service lines, and financial challenges, helping your team strengthen financial accuracy, performance, and decision-making.
📧 Contact us today to schedule a customized in-house, face-to-face session:
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
Yonge Street & Shuter Street, 229 Yonge Street Suite 400 Toronto Ontario M5B 1N9 Canada., Toronto, Canada
CAD 541.56 to CAD 705.09
