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Financial Acumen for Health Care Leaders: A Value-Based Introduction

Date: Thursday, October 20, 2022

Time: 8–9 a.m.

About the Event

This executive education program introduces financial concepts necessary to manage health care organizations in a value-based environment. The program covers financial statement analysis, budgeting, cost accounting and value-based payment models. This workshop will be led by Value Institute for Health and Care leaders Elizabeth Teisberg, Ph.D., and Scott Wallace, J.D., MBA, along with Steve Limberg, Ph.D., the PricewaterhouseCoopers Centennial Professor of Accounting at UT McCombs School of Business. In part 1, you’ll learn how to:

  • Develop a working knowledge of essential elements of financial statements
  • Describe the impact of financial information on strategic decisions
  • Experience the importance of financial metrics in a health care organization case study
  • Establish the power and sensitivity of financial metrics to forward an organization’s mission
  • Demystify the health care budget process and key managerial accounting concepts
  • Benefit from the financial experiences of health care organizations’ chief financial officers

In part 2, you’ll learn how to:

  • Assess and distinguish the benefits and limitations of common costing methodologies (RCC, RVU, and TD-ABC)
  • Apply TD-ABC to a basic costing example
  • Recognize the applicability and limitations of TD-ABC in managerial decision making
  • Identify the data required to successfully implement value-based payment
  • Explain how different models of value-based payment support transformation
  • Articulate the logic for and mechanisms of bundled payment, including the differential impact of procedure- and condition-based bundles

For more information, email the Value Institute for Health and Care.