Healthcare Financial Management & Accounting – 1 Day Course in Toronto

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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

This 1-day workshop delivers practical, beginner-to-intermediate financial and accounting skills tailored specifically for healthcare organizations. You will gain a clear understanding of how money flows across hospitals, clinics, diagnostic centers, and healthcare service providers—covering revenue cycles, cost structures, budgeting, financial statements, KPIs, and core financial decision-making.

The program is built around real healthcare scenarios, including payer reimbursements, insurance-driven revenue models, service-line profitability, cost control, and financial planning for sustainable healthcare operations.

By the end of this course, you will be able to:

• Understand healthcare-specific financial structures and workflows
• Read and interpret financial statements with confidence
• Analyze costs and manage departmental spending effectively
• Develop simple budgets and financial plans
• Understand Revenue Cycle Management (RCM) processes and identify improvement areas
• Use KPIs and financial metrics to assess performance
• Support operational and strategic decisions with financial insights

• Hospital and clinic managers
• Healthcare administrators and supervisors
• Billing, RCM, and finance teams
• Quality and operations managers
• Healthcare entrepreneurs
• Professionals responsible for financial decisions in healthcare settings

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This workshop blends essential financial fundamentals with real healthcare operational challenges—focusing on practical application rather than theory. Led by an industry-experienced trainer, the course equips you with tools and frameworks you can immediately apply within hospitals, clinics, and healthcare businesses to improve financial control, planning, and decision-making.

📧 Contact us today to schedule a customized in-house, face-to-face session:

[email protected]

Info: • Understanding major revenue sources in healthcare
• Cash flow cycles for hospitals & clinics
• Differences between payer types & reimbursement models
• Icebreaker Activity

Info: • Fixed vs variable costs across departments
• Cost drivers: staffing, supplies, consumables, equipment
• Managing operational and overhead expenses
• Activity

Info: • Income statement, balance sheet & cash flow basics
• Reading financial performance in healthcare
• Identifying red flags & improvement opportunities
• Role Play

Info: • Building annual and departmental budgets
• Volume-based and service-line forecasting
• Simple models for planning growth and expenses
• Case Study

Info: • Patient registration → billing → collections process
• Denial prevention, coding accuracy & documentation flow
• Improving charge capture and payment turnaround
• Simulation

Info: • Monitoring key financial indicators (AR days, collection rate)
• Operational KPIs: utilization, productivity, cost per visit
• Benchmarking performance across service lines
• Group Brainstorm Activity

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 - ON, Toronto - Yonge & Shuter, 229 Yonge Street Suite 400, Toronto, Canada

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