7 Topics
5 Days
35 Sessions
Programme Overview
Training Description
- Health Programme Managers
- Health Planning Officers
- Medical and Clinical Department Managers
- Public Health Finance Professionals
- Health Ministry and County Health Officials
- Procurement and Supply Chain Managers
- Pharmaceutical and Medical Supply Managers
- NGO and Donor-Funded Health Programme Managers
- Monitoring and Evaluation Professionals
- Health Policy and Planning Professionals
- Healthcare Executives and Senior Administrators
Session Objectives
- Understand the unique financial landscape of the healthcare industry. Master the process of developing an operational and capital budget. Analyze revenue streams and cost drivers specific to healthcare services. Use financial data for strategic resource allocation and decision-making. Implement effective budget monitoring and variance analysis. Navigate the complexities of regulatory and payer compliance.
About the Course
Fiscal Vitality: Healthcare Budgeting and Resource Planning is a specialized training course designed to equip healthcare finance, administration, planning, and management professionals with the skills required to develop, manage, and monitor effective healthcare budgets. The course addresses the unique financial challenges of healthcare organizations, including rising service demands, limited resources, staffing costs, pharmaceutical and medical supply expenditure, infrastructure needs, and changing healthcare priorities.Participants will learn how to align financial resources with healthcare priorities, forecast service demand, allocate resources across departments and programmes, manage operating and capital budgets, monitor expenditure, analyze financial performance, and improve value for money. The course emphasizes practical approaches to ensuring that scarce healthcare resources are directed toward services and interventions that deliver the greatest operational and patient value.
Curriculum & Topics
7 Topics | 35 Sessions
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Workshop 1.1:
Key financial statements in a healthcare setting.
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Workshop 1.2:
Understanding revenue streams: fee-for-service, capitation, bundled payments.
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Workshop 1.3:
The structure of healthcare costs: fixed, variable, and semi-variable.
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Workshop 1.4:
The role of reimbursement models and payer contracts.
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Workshop 1.5:
Financial metrics and ratios for healthcare organizations.
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Workshop 2.1:
The stages of the budget process from preparation to review.
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Workshop 2.2:
Developing a departmental and organizational budget.
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Workshop 2.3:
Incorporating clinical and administrative inputs.
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Workshop 2.4:
The role of budget committees and leadership approval.
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Workshop 2.5:
Strategies for effective budget presentation and communication.
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Workshop 3.1:
Forecasting patient volumes and service utilization.
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Workshop 3.2:
Projecting revenue based on payer mix and contract rates.
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Workshop 3.3:
Controlling operational expenses and labor costs.
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Workshop 3.4:
The impact of supply chain management on the budget.
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Workshop 3.5:
Identifying opportunities for cost reduction and efficiency.
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Workshop 4.1:
Evaluating capital expenditure requests for new equipment and facilities.
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Workshop 4.2:
Using financial models like ROI, NPV, and IRR.
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Workshop 4.3:
Budgeting for technology, EMR systems, and digital health initiatives.
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Workshop 4.4:
Planning for maintenance and replacement of assets.
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Workshop 4.5:
Funding strategies for major capital projects.
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Workshop 5.1:
Monitoring budget vs. actual performance.
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Workshop 5.2:
Variance analysis and corrective action planning.
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Workshop 5.3:
Implementing activity-based costing for services.
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Workshop 5.4:
Using financial data to drive quality improvement initiatives.
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Workshop 5.5:
The role of dashboards and key performance indicators.
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Workshop 6.1:
The impact of HIPAA, CMS, and other regulations on budgeting.
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Workshop 6.2:
Budgeting for compliance and risk mitigation.
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Workshop 6.3:
Managing financial risks from audit findings and penalties.
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Workshop 6.4:
The role of internal and external audits.
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Workshop 6.5:
Financial strategies for managing payer audits.
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Workshop 7.1:
Linking budget decisions to strategic goals and mission.
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Workshop 7.2:
Resource allocation in a value-based care environment.
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Workshop 7.3:
The financial implications of population health management.
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Workshop 7.4:
Preparing for market changes and industry disruption.vvv
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Workshop 7.5:
Budgeting for innovation and growth.
