Breakfast

8-8:30 a.m.

Welcome and Introductions

8:30-8:45 a.m.

Articulating Expectations

• Why Are You Attending?
• What Specific Skills Do Want to Acquire?
• How Will You Define Success?

8:45-9:15 a.m.

Why Money Matters

• Non-Profit Versus For-Profit Health Care
• Making Coke Cola versus Health Care
• Compare a Hospital to Buffet Dinners
• Funding Sources (No Pay, Low Pay and Slow Pay)
• Differences between Charges, Revenue & Reimbursement

9:15-10:15 a.m.

Break

10:15-10:30 a.m.

Balancing the Vital Equation

• Performance
• Cash Reserves
• Leverage
• Re-invest in the Future
• Importance of Fund Raising and Grants

10:30-11:15 a.m.

Bonds 101

• What is Debt?
• Role of Credit Rating Agencies
• Telling Your Story
• Oops!!! Default

11:15 a.m. -12 p.m.

Lunch

12-12:45 p.m.

Interpreting Financial Statements

• Accounting Fundamentals
• Statement of Activity (Income Statement)
• Statement of Financial Position (Balance Sheet)
• Statement of Cash Flows

12:45-2 p.m.

Evaluating Operating Results

• Actual versus Budget
• Actual versus Prior Year
• Variance Analysis
• Trends Analysis
• Comparative Analysis
• Benchmarking
• Monthly Operating Review

2-2:30 p.m.

Break

2:30-2:45 p.m.

Telling the Operating Performance Story (Metrics)

• Utilization
• Profitability
• Liquidity
• Capital Structure
• Efficiency

2:45-3:30 p.m.

Assignments, Group Break-out Session: Analyze the Situation & Report-Out

3:30-4:30 p.m.

Good Things, Bad Things & What Next?

4:30-5 p.m.

Breakfast

8-8:30 a.m.

Welcome & Refresher: What We Want to Understand

8:30-8:45 a.m.

Defining the Roles

• Governing Board/Committees
• C-Suite
• Physicians
• Functional Leadership
• Front-line Process Owners
• Who Does What in Finance & Accounting Division?

8:45-9:15 a.m.

Understanding the Fiscal Rhythm

• Long-range Strategic & Financial Planning
• Capital Planning and Allocation
• Operating Budgets
• Actual Performance and Budget Variance
• Corrective Action Plans
• Internal Reporting
• External Reporting
• Monthly Operating Reviews

9:15-10 a.m.

Break

10-10:15 a.m.

Integrating Strategic and Financial Planning

• What is Strategy
• Establish Linkage between Strategy & Resource Requirements
  • Physical Assets-Capital
  • Intellectual Capital
  • Human Capital
  • Enterprise-wide Initiatives

10:15-11 a.m.

Introduction to Capital Planning & Allocation   

• Rationale for Capital Planning
• Developing a Capital Formation Plan
• Why Capital Allocation is Necessary
• Key Components of a Sound Capital Plan
• Decision Criteria
• ROI, NPV & IRR
• Post-implementation Review

11-11:45 a.m.

Lunch

11:45 a.m.-12:30 p.m.

Importance of  Service Line Analysis

• Functional versus Service Line Reporting
• Fundamentals of Cost Accounting
• Cost Behavior and Drivers
• Contribution Margin

12:30-1:30 p.m.

Break-Out Groups & Pitch:  Give Me the Money!!

1:30-2:15 p.m.

Decision to Allocate the Money & Feedback

2:15-2:45 p.m.

Break

2:45-3 p.m.

Measuring & Managing Financial Risk

• Funding Sources
• Competitors
• Malpractice
• Compliance
• IRS
• General Liability

3-3:30 p.m.

Talking to the Board

3:30-4:30 p.m.

Good Things, Bad Things & Summary

4:30-5 p.m.