Healthcare

Financial Management & Accounting for Healthcare

Develop practical financial management and accounting skills to improve budgeting, cost control, and financial decision-making in healthcare organizations.

1 DayAll LevelsEnglish🎓 Course Completion Certificate
ClassroomIn-HouseVirtual Live
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Financial Management & Accounting for Healthcare

1 Day · All Levels

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Overview

This 1 Day workshop gives you practical, beginner-to-intermediate financial and accounting skills specifically tailored to healthcare businesses. You learn how finances flow inside hospitals, clinics, diagnostic centers, and healthcare service providers, covering revenue cycles, cost structures, budgeting, financial statements, KPIs, and basic decision-making models.

The content focuses on real healthcare scenarios, including payer reimbursements, insurance-driven revenue, service-line profitability, cost management, and financial planning for sustainable healthcare operations.

Through practical activities, simulations, role plays, healthcare case studies, and collaborative discussions, participants will gain the confidence to interpret financial information, improve operational performance, and support better financial decisions across healthcare organizations.

What You'll Learn

Practical, workplace-ready skills you can apply immediately.

Understand healthcare-specific financial flows and structures.
Interpret financial statements with basic confidence.
Analyze costs and manage departmental spending effectively.
Build simple budgets and financial plans.
Understand RCM workflows and identify improvement areas.
Use KPIs and metrics to assess financial performance.
Support better decision-making with financial insights.

Course Modules

Structured learning combining instructor-led sessions, discussions, and hands-on activities.

01

Module 1 | Healthcare Finance Foundations & Revenue Streams

Understanding major revenue sources in healthcare Cash flow cycles for hospitals & clinics Differences between payer types & reimbursement models Icebreaker Activity
02

Module 2 | Cost Structure & Expense Management in Healthcare

Fixed vs variable costs across departments Cost drivers: staffing, supplies, consumables, equipment Managing operational and overhead expenses Simulation Activity
03

Module 3 | Financial Statements for Healthcare Managers

Income statement, balance sheet & cash flow basics Reading financial performance in healthcare Identifying red flags & improvement opportunities Role Play
04

Module 4 | Budgeting & Forecasting for Healthcare Units

Building annual and departmental budgets Volume-based and service-line forecasting Simple models for planning growth and expenses Case Study
05

Module 5 | Revenue Cycle Management (RCM) Essentials

Patient registration → billing → collections process Denial prevention, coding accuracy & documentation flow Improving charge capture and payment turnaround Hands on Activity
06

Module 6 | KPIs, Ratios & Performance Metrics for Healthcare

Monitoring key financial indicators (AR days, collection rate) Operational KPIs: utilization, productivity, cost per visit Benchmarking performance across service lines Group Brainstorm Activity
07

Module 7 | Financial Decision-Making for Healthcare Leaders

Basic financial evaluation for new services or investments Break-even thinking & cost-benefit considerations Prioritizing financial sustainability and value Action Plan Review

Who Should Attend

Hospital & clinic managersHealthcare administrators & supervisorsBilling, RCM & finance teamsQuality and operations managersHealthcare entrepreneursAnyone responsible for financial decisions in healthcare

Prerequisites

No prior finance or accounting knowledge is required. The workshop is designed for healthcare professionals who want to strengthen their financial management, budgeting, and decision-making skills.

Materials

Workshop materials, hands-on exercises, healthcare case studies, simulations, financial planning resources, and a Course Completion Certificate.

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Financial Management & Accounting for Healthcare

Join professionals across Australia building practical, workplace-ready skills through expert-led training.

Enquire NowBrowse All Courses