What to expect
In today's evolving health care environment, when hospitals are struggling to maintain their margins in the face of rising costs, decreased payment and increased expectations for quality care outcomes, every health care clinical leader has increased accountability for bottom line results. To equip nurse executives for these challenges, AONE, in partnership with the Healthcare Financial Management Association (HFMA) offers a Certificate in Health Care Finance for Nurse Executives.
The Certificate in Health Care Finance is awarded upon the completion of:
- A two-day Executive Level Skills in Health Care Finance course
- Preparatory reading
- Pre- and post-assessment (scores do not influence achievement of the certificate)
- A webinar on health care policy related to finance
- Development of a plan for a project that applies learning from the program
*The Certificate in Health Care Finance is awarded upon completion of all components.
- Discuss the impact of Health Reform and the critical need for closer clinical and financial integration
- Describe revenue cycle processes including private and government payers, billing compliance, audits, charity care and bad debt
- Summarize budgeting processes and financial reporting that is unique to the health care industry
- Identify how clinical and financial decisions impact day-to-day operations, as well as the overall health of the organization
- Recognize how health care CFO's and other executives are addressing the current challenges
- Practice expert communication skills to engage in dialogue with stakeholders
Who should participate?
The certificate is for nurse executives who have a strong foundation in nursing finance and are interested in knowing how to participate in discussions with CFO's, assess and justify requests, quantify clinical activity and spot profit drains.
AONE and HFMA faculty provide an overview of executive level health care finance through lectures, small group discussions, case studies, as well as the pre readings and webinar. The program provides Senior Nurse Executives with the concepts, tools and techniques to understand how the integration of clinical, operational and financial data impacts day-to-day operations and bottom line.
You’ll complete the certificate ready to actively participate in executive level financial decisions–from understanding revenue cycle operations, to building and monitoring budgets to forecasting to financial reporting to appreciating the world of the Chief Financial Officer.
Continuing Education Contact Hours
The certificate program is approved for 16 continuing nursing education contact hours. The American Organization of Nurse Executives is accredited as a provider of continuing nursing education by the American Nurses Credentialing Center's Commission on Accreditation.
AONE is authorized to award 16 hours of pre-approved ACHE Qualified Education credit (non-ACHE) for this program toward advancement, or recertification in the American College of Healthcare Executives.
Healthcare Financial Management Association (HFMA) Educational Foundation is registered with the National Association of the State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of the CPE sponsors. ate boards of accountancy have final authority on the acceptance of individual course for CPE credit.
AONE complies with the Americans with Disabilities Act and strives to ensure that no individual with a disability is deprived of the opportunity to participate in this program solely by reason of that disability. Through its agents, AONE will provide reasonable accommodations for a candidate with a disability who requests accommodations. Requests can be made by sending a written request 21 days in advance of the workshop to Kelsey Irish.