Module 1: Foundations of Healthcare Cost Accounting

The structure and purpose of cost accounting in healthcare
Public vs. private healthcare financing models
Cost centers in hospitals and clinics: clinical vs. non-clinical
Types of healthcare costs: fixed, variable, direct, indirect
Differences between financial accounting and cost accounting
The role of cost accounting in decision-making and resource allocation

This module lays the groundwork by exploring the unique financial pressures and structures in the healthcare industry. Participants will gain clarity on how cost accounting principles apply to hospital operations.

Module 2: Costing Methods in Healthcare

Full costing vs. marginal costing
Activity-Based Costing (ABC) in healthcare settings
Step-down and reciprocal allocation methods
Patient-level cost accounting and case-based costing
Allocating overhead to clinical services
Evaluating cost drivers in diagnostic, surgical, and support services

Participants will learn how to assign and analyze costs accurately in complex healthcare environments. Real-life case studies will illustrate the use of modern costing techniques.

Module 3: Financial Reporting and Analysis in Healthcare

Reading and interpreting healthcare financial statements
The income statement and balance sheet of hospitals
Cash flow in the healthcare setting: sources and uses
Key financial ratios for hospitals and clinics
Understanding service line profitability and cost recovery
Identifying financial risks and inefficiencies

This module bridges cost accounting with financial statement analysis. It empowers participants to draw insights from financial data and enhance hospital financial performance.

Module 4: Budgeting and Forecasting for Healthcare Entities

The budgeting cycle in healthcare organizations
Forecasting patient volumes and service demands
Budgeting for departments and service lines
Linking budgets to performance and strategic goals
Cash budgeting and financial sustainability
Behavioral considerations in budget implementation

Participants will develop practical skills in healthcare budgeting, including how to incorporate cost data into realistic and responsive budgets.

Module 5: Performance Measurement and Cost Control

Identifying Key Performance Indicators (KPIs) for healthcare
Measuring cost-efficiency and service effectiveness
Benchmarking performance across departments or hospitals
Value for Money (VfM) in public and private healthcare systems
Controlling variances: cost, volume, and efficiency
Early warning signals and performance dashboards

This module focuses on turning cost accounting insights into actionable performance strategies. It emphasizes continuous improvement and accountability in financial management.

Module 6: Strategic Cost Management in Healthcare

Linking cost management to healthcare strategy
Cost-benefit analysis for clinical and operational decisions
Investment appraisals and capital budgeting in hospitals
Resource allocation for new programs and technologies
Managing costs during crisis: pandemics, funding cuts, reforms
The role of cost accounting in quality and patient outcomes

This strategic module prepares participants to lead change and align financial tools with organizational mission and long-term goals.

Cost Accounting in Healthcare Management Training Course in Paris

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