| Program Detail |
: This course presents an in-depth review of the budget formulation process specific to health care delivery systems. It explores various funding sources and payment methods. Unless you are part of a military organization or a federal government agency, your work experience as an administrator/manager will most often be limited in terms of direct budget responsibility to working with a specialist with a full range of technical competencies. This usually means that the finance section is directed or managed by a CPA or fiscal specialist. Your job as a manager is to develop a competent understanding of the budget process and of the system of financial management utilized by your organization. As a manager, you will be required to work with the budget office to set-up a resource allocation plan for your department or facility. When problems arise you should have enough information to sort out the problems in the system. Military and government agencies often rotate all managers through all departments as part of their normal duties. Also, the managers often serve as a project manager or leader. In these cases, you will usually be required to develop a deeper level of understanding of financial management. In today?s health care environment, the ability to successfully manage the financial portion of your operation is absolutely critical since the margins are very narrow. A working knowledge of finance is an absolute must. |
