About this Event
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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 and beverages will be provided during the session
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 this course, 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.
Who can Attend?
- Hospital & clinic managers
- Healthcare administrators & supervisors
- Billing, RCM & finance teams
- Quality and operations managers
- Healthcare entrepreneurs
- Anyone responsible for financial decisions in healthcare
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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.
📧 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
Regus - Sydney, Balmain, 45 Evans Street, Sydney, Australia
AUD 615.44 to AUD 721.33
