Healthcare Finance Fundamentals: 1 Day Course in Townsville
Description
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About the 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 and beverages will be provided during the session
Course Overview
This 1 Day workshop is designed to build practical, beginner-to-intermediate financial and accounting skills tailored specifically for healthcare organizations. The course explains how financial processes operate within hospitals, clinics, diagnostic centers, and healthcare service providers.
You will gain a clear understanding of revenue cycles, cost structures, budgeting, financial statements, KPIs, and basic financial decision-making models. The training is grounded in real healthcare scenarios, including insurance-driven revenue, payer reimbursements, service-line profitability, cost control, and financial planning for sustainable operations.
Learning Objectives
By the end of the training, you will be able to:
Understand financial flows and structures in healthcare settings
Interpret basic financial statements with confidence
Analyze costs and manage departmental budgets effectively
Develop simple budgets and financial plans
Understand Revenue Cycle Management (RCM) workflows
Identify opportunities for financial and process improvement
Use KPIs and metrics to evaluate financial performance
Support informed decision-making using financial insights
Target Audience
This course is ideal for:
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
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Why Choose This Course?
This workshop integrates core financial concepts with real-world healthcare operations, ensuring practical and immediately applicable learning. Led by an experienced professional in healthcare finance, budgeting, and revenue cycle management, the course focuses on tools and techniques that can be directly implemented in your organization.
With a strong emphasis on real scenarios and decision-making, you will leave with the confidence to manage finances more effectively and contribute to sustainable healthcare operations.
📧 Contact us today to schedule a customized in-house session: corporate@mangates.com
Description
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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