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!
This eLearn course explores the Traditional Role of Financial Management. Many managers and workers do not understand the financial or operating reports they receive. After this course attendees will understand all things revenue and expense to get to the bottom line. 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
CONTINUING EDUCATION UNITS
Each attendee receives up to two (2) Continuing Education Units (CEUs) and a Certificate at the successful completion of the 2-hour training, course evaluation and competency exam.
Administrators, Alternates, Owners, Operators, Governing Body Members, Department Managers, Quality Management personnel who are involved in the overall management of a home care agency of any type.