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    HEALTHCARE 2019 - Unexpected Financial Results in your Department: How to Analyze and Explain the Issue

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    Website https://www.mentorhealth.com/webinar/unexpected-financial-results-in-your-department:-how-to-analyze | Want to Edit it Edit Freely

    Category online healthcare training, healthcare compliance courses, webinar on healthcare , upcoming hipaa webinars, Health and Healthcare Courses

    Deadline: December 11, 2019 | Date: December 11, 2019

    Venue/Country: Online Event, U.S.A

    Updated: 2019-11-13 15:55:42 (GMT+9)

    Call For Papers - CFP

    Overview:

    During this hour you will begin to learn the skills you need to understand the financial side of the department or clinic you're responsible for operating. You will receive practical tools for managing your department's performance against budget and prior periods that you can use the very same day.

    Simple income statement ratios and the "flex budget" will now be skills you can use when you are called upon to explain unexpected financial results. The tools and skills you will learn in this hour will save you valuable time by helping you diagnose changes in the income statement quickly so you can provide an explanation and continue managing your department. Be ready to impress your boss.

    After attending this series, you will begin to stand out to the senior leadership of your organization as someone who is confident and competent in her role. Some leaders in healthcare do not understand how to diagnose unexpected results in their income statements and may try to convince themselves that it isn't important to learn these skills.

    "That's what accountants are for," they say, even while knowing they themselves are responsible for the financial performance of their department. By taking this course you are proving that you do not hide from things you do not understand, but learn new skills until a weakness becomes another one of your strengths.

    Why should you Attend: In healthcare, great clinicians and operators are often promoted to leadership positions with little or no preparation for the financial responsibilities these roles entail.

    Many clinics and hospital departments have hundreds of thousands or millions of dollars in revenue and expenses, and diagnosing unexpected results can seem insurmountable.

    The senior leadership of your organization expect you to be able to answer their questions though. When you call the accounting department they may try to help you, but it can seem like they are speaking another language.

    You may be a great clinician and understand how to operate your department better than anyone, but a primary way to relay this fact to executives and owners is by reliably and accurately explaining unexpected financial results. There is no better way to demonstrate your competence in your role.

    Areas Covered in the Session:

    Diagnosing variances in your income statement (this is how you find the answers to the questions your CFO keeps asking)

    Comparing to the "flex budget" (this is the remedy to a budget with volumes that are way too high or way too low))

    Simple ratios that can explain unexpected financial results (and make you look like the genius you are))

    How case mix index (CMI) works (this one can be a get out of jail free card))

    Other helpful tips that will help you fulfill your financial duties to the organization quickly, so you can get back to that other pile on your desk

    Who Will Benefit:

    Nursing Supervisors, Managers, Directors and VPs

    Therapy Supervisors, Managers, Directors and VPs

    Radiology Supervisors, Managers, Directors and VPs

    Other Clinical and Operational Supervisors, Managers, Directors and VPs

    Healthcare Administration Students

    Interns

    Analysts

    Administrators

    Billers

    Coders

    Trey Malone - MentorHealthSpeaker Profile

    Trey Malone has dedicated his career to understanding the intricacies of healthcare finance and teaching others how to understand the subject. He is able to adapt his language and terminology to explain complex issues to clinical and operational leadership, executive leadership and accounting and financial staff by meeting the students where they are in their knowledge of healthcare finance.


    Keywords: Accepted papers list. Acceptance Rate. EI Compendex. Engineering Index. ISTP index. ISI index. Impact Factor.
    Disclaimer: ourGlocal is an open academical resource system, which anyone can edit or update. Usually, journal information updated by us, journal managers or others. So the information is old or wrong now. Specially, impact factor is changing every year. Even it was correct when updated, it may have been changed now. So please go to Thomson Reuters to confirm latest value about Journal impact factor.