Business Management for the Healthcare Professional

Contact Hour(s):

2.5 Contact Hours

Author:

Jeanna Winchester, PhD

This peer-reviewed course is applicable for the following professions:

Advanced Practice Registered Nurse (APRN), Athletic Trainer (AT/AL), Certified Nurse Midwife, Certified Nurse Practitioner, Certified Registered Nurse Anesthetist (CRNA), Certified Registered Nurse Practitioner, Clinical Nurse Specialist (CNS), Dietetic Technicians, Registered (DTR), Dietitian/Nutritionist (RDN), Licensed Practical Nurse (LPN), Licensed Vocational Nurses (LVN), Midwife (MW), Nursing Student, Occupational Therapist (OT), Occupational Therapist Assistant (OTA), Physical Therapist (PT), Physical Therapist Assistant (PTA), Registered Nurse (RN), Registered Nurse Practitioner, Respiratory Care Practitioner, Respiratory Therapist (RT)

Accreditations: 

The American Nurses Credentialing Center (ANCC), The American Occupational Therapy Association (AOTA), Board of Certification for Athletic Trainers (BOC)

State Approvals:

Alabama, Provider #ABNP1485; California BRN Provider #CEP # 13509; Florida Physical Therapy Association Approval: CE26-1154890; Kentucky Board of Nursing Provider #7-0085; Florida Board of Nursing Provider 50-353; Nevada Board of Physical Therapy; New York State Education Department’s State Board for Physical Therapy

Course Description:

This course discusses the fundamental business and accounting practices that facilitate the healthcare revenue cycle, e.g., a vital component of healthcare administration. Common everyday issues, helpful tips for the healthcare professional, and fundamental concepts necessary to grow and advance in healthcare administration are provided.

Outcomes:

≥ 92% of participants will know the fundamental components of healthcare business management that can be applied at any level across the healthcare continuum and in any area of healthcare administration.

Objectives:

After completing this continuing education course, the participant will be able to:

1. Identify the fundamental components of business management.
2. Document how each component in the revenue cycle applies to the healthcare business manager.
3. Identify how budgeting affects the revenue cycle.
4. Document examples of ways to calculate staffing hours, staffing ratios, and other components of delivering quality healthcare.
5. List the differences between the cash basis for accounting and the accrual basis for accounting for the healthcare business manager.

Disclosures:

CEUFast Inc. and the course planning team for this educational activity do not have any relevant financial relationship(s) to disclose with ineligible companies whose primary business is producing, marketing, selling, re-selling, or distributing healthcare products used by or on patients.