Financial Management & Accounting for Healthcare: 1 Day Course, Los Angeles
Description
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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 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.
Target Audience:
This course is ideal for:
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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Agenda
Module 1: Healthcare Finance Foundations & Revenue Streams
• 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
• 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
• 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
• 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
• 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
• 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
• Basic financial evaluation for new services or investments • Break-even thinking & cost-benefit considerations • Prioritizing financial sustainability and value • Action Plan Review
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