This non-audio course explores Basic Financial/Revenue Cycle Management Objectives. Learners will have all fear of this topic removed and understand how simple the root concepts really are!
After this course attendees will be able to:
~ Use the term Financial Management in a sentence to a coworker or colleague.
~ Describe the definition of Revenue Cycle and Cash Flow Cycle
~ Name the key piece of raw data that determines key revenue and expense in any home care agency
~ Distinguish between an Annual Operating Budget and Capital Expenditure Plan
~ Identify Home Care Standards regarding annual operating budget & capital expenditure plan.
~ Define Gross Profit Margin
~ Define Cost of Goods Sold
~ Distinguish between Cash and Accrual methods of accounting
~ Create a budget