What you'll learn

  • The practical application of cost accounting and management control concepts in health care

  • Basic knowledge of cost accounting, including full cost and differential cost accounting

  • Management control structure and processes

  • Financial implications to consider when shifting from volume- to value-based care

Course description

Despite having extensive medical expertise, physician leaders have not always developed the financial literacy needed to manage organizations and create financially sound strategies for delivering health care.

There are many unique components in health care that significantly enhance the importance of financial management control – and can also make it challenging to assume fiscal responsibilities. This includes recent shifts in U.S. health care policy towards payment structures that incent high quality and efficient care, a refocus on value-based care from volume-based care, as well as an increased emphasis on cost containment and quality measurement.

This online program will increase physician leaders’ competence in the critical area of financial management and control. Led by Harvard experts, you will benefit from a combination of learning approaches, such as case studies and interactive classroom discussions.

Key financial concepts covered in this course include:

- Differential Costs

- Full Cost Accounting

- Management Control Structure

You will learn methods for determining the full cost of delivering health care, examine fixed costs, variable costs, total cost, as well as when differential costs should be used rather than full costs.

By the end of the program, you will have the understanding and skills to more effectively manage the planning- and control-related activities of your department or division. This includes the ability to interact more effectively with the finance personnel in your hospital and practice settings.

You may also like

Online

Explore the opportunities and difficulties facing widespread adoption of digital technologies in health care.

Price
$1,600
Duration
4 weeks long
Registration Deadline
In-Person
Online Live

The Global Health Care Leaders Program (GHLP) is a multi-modular global program that aims to bring together the most important topics defining the future of health care industry for the leaders who will lead the charge.

Price
$30,000
Registration Deadline
Starts Sep 23