Training Course: Advanced Finance & Accounting for Public Hospitals

Master your skills & knowledge to manage the finance & accounting of your public hospital!

REF: HM321381

DATES: 8 - 12 May 2022

CITY: Cairo (Egypt)

FEE: 3300 €

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Introduction

There is a statistically significant relationship between hospital financial performance and quality of care. Hospital profitability, financial leverage, asset liquidity, operating efficiency, and costs appear to be important factors of health care quality. The quality of patients’ treatment rises in the year following an increase in hospital profitability, financial leverage, and labor costs.

Decision makers in any organization will know that finance and accounting are perhaps one of the largest contributors to the way that they come to their conclusions. In order to make the right decisions, people need to be empowered with the accurate information. This can entail:

  • Patients/client billing
  • Order Processing
  • Accounts Receivable/Payable Management
  • Contract Management
  • Patient Account Management

* Important note: Course registration in Istanbul for 3 people or more, we guarantee 1-day site-visit to one public or private prestigious hospital

 

Course Objectives of Advanced Finance and Accounting for Public Hospitals

  • Define the term healthcare finance as it is used in this course.
  • Discuss the structure of finance department, the role of finance in health services organizations, and how this role has changed over time.
  • Describe the major players in the health services industry.
  • Discuss some of the regulatory and legal issues pertinent to the health services industry.
  • List the key operational issues currently facing healthcare managers.
  • Patient accounts
  • Accounting for purchases & payments
  • Special accounting procedure for special purposes in public hospitals

 

Course Outlines of Advanced Finance and Accounting for Public Hospitals

Day 1

Think like the hospital CFO does

  • The role of finance in health services and organizations
  • Overseeing all decision-making related to the accounting and financial functions for hospitals. 
  • Establish and implement an integrated accounting and reporting system for your hospital. 
  • Overseeing the hospital annual and special project budgeting process. 
  • Managing the capital request and budgeting processes.
  • Ensuring compliance with the ministry of health requirements.

Day 2

Investing Accounting

  • Investment analysis and feasibility study for the hospital new projects
  • Preparation of financial information for Board of Director, Shareholders/ Investors/ Bankers
  • Monitor and control project disbursement and progress against the hospital budget
  • Hospital tax planning by structuring for a new departments/projects to save taxes
  • Participate in business planning and risk management decisions for the hospital
  • Liaison with bankers, Investors, and Health Care authorities

Day 3

Decision Making for Accounting & Finance

  • Assist in formulating the hospital's future direction and supporting tactical initiatives
  • Monitor and direct the implementation of strategic business plans of the hospital
  • Develop financial and tax strategies
  • Manage the capital request and budgeting processes
  • Manage the investor relations, legal health regulations, tax, and treasury departments
  • Review and approve all filings with the Securities and Ministry of Health
  • Monitor cash balances and cash forecasts of the hospital
  • Arrange for the hospital debt and equity financing

Day 4

Managing the hospital business

  • Business planning & forecasting patients’ inflow
  • Performing investment analysis & setting hospital Key Performance Indicators
  • Managing Treasury function and risk of all foreign transactions
  • Preparing Management & Financial accounts (patients & hospital suppliers)
  • Controlling financial systems for hospitals
  • Presenting hospital financial reports to the Board of Directors

Day 5

Managing the Finance Department in Public/Private Hospitals

  • Developing financial systems and procedures aligned with hospital business strategy.
  • Ensuring that an appropriate financial framework is in place to enable operational financial decision making of the hospital
  • Advising and assisting with the preparation of hospital business plans, specifically in regard to forecasts, budgets, financial management, and business risk.  
  • Managing finance and accounting hospital activities through the preparation of accurate financial forecasts and appropriate planning.
  • Preparing valid and accurate accounting and financial reports for the hospital managers
  • Maintaining the hospital cash flow, monitoring taxation transactions and budgeting.
  • Ensuring effective and efficient internal health control processes are in place.

International Billing

  • The role of finance in health services and organizations
  • Receive invoices from hospitals and services suppliers
  • Check, coding and summarizing hospital service suppliers’ invoices
  • Issue invoices for international patients or other public health organizations
  • Prepare & manage all related hospital invoices including credit notes

 

* Important note: Course registration in Istanbul for 3 people or more, we guarantee 1-day site-visit to one public or private prestigious hospital

Training Course: Advanced Finance & Accounting for Public Hospitals

Master your skills & knowledge to manage the finance & accounting of your public hospital!

REF: HM321381

DATES: 8 - 12 May 2022

CITY: Cairo (Egypt)

FEE: 3300 €

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