No Margin, No Mission: Introduction to Effective Healthcare Financial Management (02/11/2025)

Location: Virtual

Prerequisite: None

Full Schedule: Tuesday, February 11, 2025 from (9:30 AM to 12:30 PM) EST

Facilitator: Dr. Richard Priore - Tulane University

Description:

In today’s dynamic healthcare environment, speaking the language of finance isn’t just a skill; it’s necessary to balance mission with margin. This introductory course, designed specifically for healthcare professionals, lays the foundation for understanding basic financial management principles. It focuses on key financial terms and illustrates them by tracing the flow of money through a healthcare provider organization.

Participants will explore the relationship between quality improvement and financial performance. Through interactive modules, case studies, and discussions, participants will develop a fundamental understanding of finance to support the organization’s quality and financial goals.

THIS IS PART 1 OF A 2-PART SERIES. YOU CAN TAKE INDEPENDENTLY OR TOGETHER. SIGN UP FOR PART 2 HERE: BRIDGING QUALITY AND COSTS

Learning Objectives At the end of this course, participants should be able to:

• Discuss the relationship between quality and financial performance.
• Explain how money typically flows through a healthcare provider organization.
• Differentiate among the various types of costs.
• Apply several basic profitability measures to assess financial health.

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