• Understand the decision-making role of financial management in for-profit and non-profit healthcare organizations
• Analyze financial statements, including the income statement, balance sheet, and cash flow statement
• Understand financial performance metrics

This two-day Healthcare Finance module consists of a presentation of the theoretical framework of Healthcare Finance, specific examples, and a participant workshop. This course includes a prereading assignment which will be sent to participants several weeks before the course starts.

Who Should Attend Healthcare Finance

Physician, nurse leaders and senior administrative executives in health systems, hospitals, medical schools, group practices and other healthcare organizations will benefit from the business strategies and leadership development skills presented. Positions of attendees may include but are not limited to: CMO, Department/Division Chair or Chief, CEO, President, CFO, COO, or Department Administrator.

This 2-day module is part of the Healthcare Management Series, a Certificate Program for Clinicians and Senior Administrators, a comprehensive general management program, developed and presented by the Stephen M. Ross School of Business and the University of Michigan Medical School.

The Healthcare Management Series is uniquely designed for managing healthcare organizations. Led by Michigan's world-class business and medical school faculty, best practices in both worlds are merged into this series of two-day seminars that will show you how to:

• Build successful coalitions of clinicians, administrators, and staff
• Increase organizational throughput
• Align the incentives of all the stakeholders
• Manage and create value across silos
• Recognize strategic opportunities
• Understand your customers
• Lead change

Healthcare Finance is part of the Healthcare Management Series, a Certificate Program for Clinicians and Senior Administrators presented in a modular format

The University of Michigan's schools of Business and Medicine collaborate to offer this unique management program for healthcare leaders in six two-day modules that make it easier for clinicians and senior administrators to fit into busy work schedules.

Complete five of the six modules and receive the University of Michigan Certificate in Healthcare Management, or take only the modules that interest you most.

DAY 1 provides participants with an understanding of a health system's financial health. Participants move through a typical health system's financial reports in order to better understand the purpose and use of traditional financial information.

DAY 2 begins with understanding key financial metrics such as ROI and NPV. The day focuses on the decision-making surrounding these metrics and what they mean to various constituents: clinicians, investors, CXO's, and competitors.

The program fee includes tuition, instructional materials, continental breakfast, lunch, and coffee breaks each day. Fee is payable in advance in US dollars and is subject to change. See our Cancellation, Transfer and Substitution Policy.

If you need hotel accommodations, please contact us (+1.734.763.1000 or um.exec.ed@umich.edu) and a Customer Service representative will help coordinate your stay with one of our local partner hotels. Billing for accommodations and all hotel fees will need be arranged between you, your organization, and the hotel.