Online: Health Care Financial Management for Physician Leaders

Mar 08, 2022 - Mar 10, 2022

Online

Posted by Harvard University

Register Offsite
Add to Calendar + 2022-03-08 9:00 2022-03-10 13:30 America/New_York Online: Health Care Financial Management for Physician Leaders

Despite having extensive medical expertise, physician leaders have
not always developed the financial literacy needed to manage
organizations and create financially sound strategies for delivering
health care.

There are many financial characteristics unique to health care that
significantly enhance the importance of financial management control –
and can also make it challenging to assume fiscal responsibilities.
Recent shifts in U.S. health care policy towards payment structures that
incent high quality and efficient care, a refocus on value-based care
from volume-based care, and an increased emphasis on cost containment
and quality measurement add to these challenges

This online program will increase physician leaders’ competence in
the critical area of financial management and control. Led by Harvard
experts, you will benefit from a combination of learning approaches,
such as case studies and interactive classroom discussions.

Key financial concepts covered in this course include:

  • Differential Costs
  • Full Cost Accounting
  • Management Control Structure

You will learn methods for determining the full cost of delivering
health care, examine fixed costs, variable costs, direct costs,
indirect, as well as when differential costs should be used rather than
full costs.

By the end of the program, you will have the understanding and skills
to more effectively manage the planning and control-related activities
of your department or division. This includes the ability to interact
more effectively with the finance personnel in your hospital and
practice settings.

Online

Despite having extensive medical expertise, physician leaders have
not always developed the financial literacy needed to manage
organizations and create financially sound strategies for delivering
health care.

There are many financial characteristics unique to health care that
significantly enhance the importance of financial management control –
and can also make it challenging to assume fiscal responsibilities.
Recent shifts in U.S. health care policy towards payment structures that
incent high quality and efficient care, a refocus on value-based care
from volume-based care, and an increased emphasis on cost containment
and quality measurement add to these challenges

This online program will increase physician leaders’ competence in
the critical area of financial management and control. Led by Harvard
experts, you will benefit from a combination of learning approaches,
such as case studies and interactive classroom discussions.

Key financial concepts covered in this course include:

  • Differential Costs
  • Full Cost Accounting
  • Management Control Structure

You will learn methods for determining the full cost of delivering
health care, examine fixed costs, variable costs, direct costs,
indirect, as well as when differential costs should be used rather than
full costs.

By the end of the program, you will have the understanding and skills
to more effectively manage the planning and control-related activities
of your department or division. This includes the ability to interact
more effectively with the finance personnel in your hospital and
practice settings.

See all Member Events