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CME

Financial Acumen for Health Care Leaders

Location: Virtual

Start Date: Monday, March 29, 2021 at 5 p.m.

End Date: Wednesday, April 21, 2021 at 7 p.m.

About the Event

This executive education program introduces financial concepts necessary to manage health care organizations in a value-based environment. Across eight online sessions, 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, PhD, the PricewaterhouseCoopers Centennial Professor of Accounting at UT’s McCombs School of Business.

Part 1: Every Monday and Wednesday from March 29 to April 7 | 5 p.m. - 7 p.m CT
Part 2: Every Monday and Wednesday from April 12 to April 21 | 5 p.m - 7 p.m CT
Part 1 and 2: Every Monday and Wednesday from March 29 to April 21 |5 p.m - 7 p.m CT

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

Register in advance to attend this seminar. Email the Value Institute team

if you have questions.

Learning Objectives

By the end of this presentation, the audience participant should be able to:

  • Distinguish value creation from value division in health care
  • Describe how to identify medically-relevant segments of patients
  • Discuss the steps used to implement health care solutions focused on patient outcomes
  • Compare approaches to measuring health outcomes and determining costs in health care delivery
  • Explain how integrated teams can be used to delivery high-value health care
  • Examine strategies for health care payment and financing

Target Audience

Primary: Physicians, residents
Secondary: All health care providers

Attributes/Competencies

This activity has been designed to promote some of the following desired physician attributes and competencies:

  • ACGME: Patient care; Interpersonal and Communication Skills; Practice-based Learning & Improvement
  • IOM: Providing patient-centered care; Working in interdisciplinary teams; Use evidence-based practice; Apply QI
  • IECC: Value/Ethics for Interprofessional Practice; Interprofessional communication; Interprofessional Teams and Teamwork

Speaker Disclosure

Speakers for this educational activity do not have relevant financial relationships with ineligible companies report to disclose.

Planner Disclosure

Leah Galuban, BM; Alice Andrews, PhD; Aida Gonzalez, MEd; Kathleen Carberry, RN & MPH; Elizabeth Teisberg, PhD; Scott Wallace, JD,MBA, planners for this educational activity,do not have relevant financial relationships with ineligible companies to disclose.

Accreditation Statement

The University of Texas at Austin Dell Medical School is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education for physicians.

The University of Texas at Austin Dell Medical School designates this internet live course for a maximum of 16.00 AMA PRA Category 1 Credit(s)™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.