Cost:

Free for HFMA Members
Buy HFMA Membership to Attend

Audience:

Business Partners
Health Plans
Hospitals and Other Providers
Physicians and Other Practitioners

Career level:

Executive
Experienced Professional
Mid-Senior

Recommended for:

Billing
Budgeting
Business Operations
Clinical Operations
Collections
Financial Planning
Physician Practice

Delivery Method:

Self Study

Advance Preparation:

None

Prerequisites:

None

Course Availability:

1 Year

News | Coronavirus
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Comment Letter | Coronavirus
HFMA presents its comment letter to HHS containing key questions related to the September 19 CARES Act Provider Relief Fund reporting requirements.
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News | Coronavirus
HHS revised guidance affecting $100 billion in Provider Relief Fund grants after pushback from providers.
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Blog | Coronavirus
HFMA's Chad Mulvany says due to HHS's whipsaw approach to the provider relief fund FAQs and guidance, any clarity to be derived from the Phase 3 application instructions and FAQs needs to be considered with a measure of caution.
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News | Coronavirus
New HHS guidance on reporting obligations for CARES Act Provider Relief Fund recipients could prove troublesome for providers that are caught off guard by the changes.
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On Demand Webinar | Basic | Coronavirus

The CFO Checklist: Financial strategy & forecasting during COVID-19

On Demand Webinar | Basic | Coronavirus

The CFO Checklist: Financial strategy & forecasting during COVID-19

Description

The COVID-19 pandemic is causing major economic disruptions and has left many health systems struggling to find ways to drive cash supply and forecast budgets. The ability to pivot and prepare a financial operating plan that provides a path toward solid financial footing and support from banks, rating agencies, and stakeholders represents a new discipline that will help to ensure your ability to carry out your mission - to save lives and maintain healthy communities. Presenters will discuss new financial planning and forecasting strategies that consider 90+ factors to help you validate and pressure test your forecasting models six-month, 12-month, three-year outlook.

Original Live Webinar Date: 7/24/20
After this program, you'll be able to..
  • Describe the impact COVID-19 has had on current health system financial forecasting models
  • Describe practical, tactical approaches to financial forecasting strategies to validate your models
  • Offer strategies to improve insights into your organization's view of your financial health in near term and extended planning horizons.

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Executive Panel: Pandemic insights on medical equipment management

Clinicians and operations staff delivered heroic efforts when the pandemic hit the United States in early 2020. At the outset of the pandemic, gaps in our nationwide equipment procurement processes were exposed - leaving caregivers on the front lines short of the vital equipment they needed for care. Since then, new challenges have emerged as integrated delivery networks (IDNs) and hospitals struggle to efficiently manage a flood of new equipment and tighter budgets, all while preparing for a COVID-19 spike in the Fall. In this webinar, you will hear stories from the front lines about what equipment management practices worked well and which ones didn't. You'll also walk away with strategies for procuring and managing equipment while staying financially viable in the months and years ahead.

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Strategies for optimizing medical device inventories amid COVID-19

As COVID-19 upends how hospitals and health systems think about their medical device inventories, practical financial and operational strategies are becoming imperative. In this webinar, we will discuss how to optimize your inventory to reduce capital and operational expense while ensuring you have the resources to deal with a future health crisis. You'll learn how to identify appropriate inventory levels for specific devices and maintain those levels while accommodating new scenarios such as the transition of care to alternate sites.

Original Live Webinar Date: (10/8/20)

On Demand Webinar | Intermediate | Capital Finance

5 critical capabilities needed today for capital planning

As the world struggles to manage and contain COVID-19, U.S. hospitals and health systems are finding that the pandemic has amplified existing financial challenges and forced them to shift priorities. Many organizations are struggling to understand the financial impact of capital plans they put in place months ago. Many are also finding they can better understand the financial ramifications of capital pivots by introducing automation into the capital planning process. We also will explore lessons learned during COVID-19 about 5 critical capabilities needed to manage the capital planning and tracking process.

Original Live Webinar Date: 10/6/20

On Demand Webinar | Overview | Capital Sources and Allocation

Achieving working capital efficiency and cash management

Even prior to the pandemic crisis, health system finance and treasury departments were exploring more efficient ways to manage their working capital and improve their financial health overall.  With prevailing uncertainty about the economy and the financial outlook for healthcare, hospitals are looking to improve their liquidity, and enacting various short-term financing options while monitoring cash-on-hand. This webinar describes the current financial challenges, describes emerging best practices for Accounts Payable and prescribes solutions to help achieve optimal working capital, even in this uncertain environment. The presentation will also cover financial management trends, payments outlook and effects on liquidity position, including creditor rating, as well as balance sheet management.

Original Live Webinar Date: 9/23/20