Gaining Insight and Improving Key Hospital Processes—Revenue Cycle and Supply Chain Management
Course Description
When financial statements are published, the final numbers are the result of several underlying management processes that have dramatic effect on their outcomes. Two of these processes are Revenue Cycle Management and Supply Chain Management. Each of these management processes involve dozens of detailed steps, each of which can lead to efficient and effective outcomes, or inefficiency and poor results for the hospital. Each step will have some impact on several financial statement line items, such as cash, accounts receivable, inventory, property plant and equipment on the balance sheet and gross and net revenues, supply expenses, charity and bad debt expenses on the statement of operations. This live two-day on-site course has been designed to identify, highlight, analyze and enhance the processes. There is a strong exposure to general management theory and practice in the course.
Learning Objectives Of The Class
Providing a detailed overview of revenue cycle and supply chain management and their importance to organizational outcomes. Specific elements of the class include:
Revenue Cycle
Understanding how the complete revenue cycle is developed
Recognizing the important performance metrics that ensure success within the revenue cycle
Evaluating the current issues impacting denials management
Identifying various solutions offered by established tools and techniques
Supply Chain • Understanding how the complete supply chain cycle is developed
Recognizing the important performance metrics that ensure success within the supply chain
Evaluating Group Purchasing Organization issues and opportunities
Reviewing automation and e-commerce issues, utilizing a hospital case study
Highlighting several improvement opportunities within the supply chain
Who Should Attend
This intermediate operational level course is strongly recommended for financial managers, finance staff and any other managers and staff in hospital and healthcare settings who would like to gain an understanding of the revenue cycle and supply chain as well as the issues confronting each area. There are no prerequisites for this course.
Continuing Professional Education (CPE) Information
This two day class qualifies for 14 hours of CPE Credits. The presenter is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North , Nashville , TN , 37219-2417 . Telephone 615-880-4200.
Administrative Policies
This on-site course is offered by contract. Once signed, a 30-day notification prior to the course date is required in order to cancel the contract without penalty.
About The Presenter
Steven Berger is President of Healthcare Insights, LLC, which specializes in the teaching and consulting of healthcare financial management issues. Healthcare Insights has also produced and sells SureTRAC, a decision support management accountability software system. Prior to his role at Healthcare Insights, LLC, Mr. Berger was Vice President, Finance for seven years at 250-bed Highland Park Hospital in suburban Chicago , Illinois . Before Highland Park Hospital and since 1978, he has been a hospital / health system finance officer in New York , New Jersey and Missouri .
Mr. Berger has 28 years of healthcare financial management experience. He holds a B.S. degree in History and an M.S. in Accounting from the State University of New York at Binghamton . He is a CPA, and a Fellow of the Healthcare Financial Management Association where he recently served as President of the First Illinois Chapter. He is also a Diplomate of the American College of Healthcare Executives. In addition, he has presented many healthcare finance related seminars throughout the United States and Canada including two other two-day classes Fundamentals of Healthcare Financial Management and Turning Data into Useful Information. He has also co-written articles on healthcare information systems that were published in Healthcare Financial Management magazine, including the April 2002 column on management accountability
Mr. Berger is the author of two hospital/healthcare financial management books. “Fundamentals of Healthcare Financial Management,” first published in 1999 by McGraw-Hill and the Healthcare Financial Management Association. This book was written from a practitioners point of view and is a distillation of Mr. Berger's many years on the inside of healthcare institutions. The second edition of the book was published by Jossey-Bass in January 2002. Additionally, Berger is the co-author of the newly released HFMA's Introduction to Hospital Accounting, which was published in the summer of 2002 by Kendall Hunt.
To receive more information about HCI’s professional training services, including cost details and the instructor’s scheduling availability, contact Steven Berger at (847) 362-1244.
E-mail: SBerger@hcillc.com
