Financial Fundamentals

The New Business of Healthcare operates on razor-thin margins. New models for delivering care including Patient-Centered Medical Homes and Accountable Care Organizations will require careful financial planning, structuring, and reporting. This course provides an overview of key financial statements and performance ratios and their function in assessing an organization’s financial condition.

Course Overview

Presenter: Gerald J. Archibald, CPA
The Bonadio Group

This course will help those new to healthcare or to finance to understand the basic fundamentals of how to interpret and analyze financial statements of health and human service providers.

The course consists of 2 modules

Module 1 - Financial Reporting Fundamentals

Financial fundamentals are all of the data points used to measure the health and value of a firm.  In module 1, Mr. Archibald will review these data points; balance sheets, income statements, revenue, earnings, cash flow, etc. and explore their relationships to one another and to the firm’s health and value.  He will also explore the relationship of debt to cash on hand.

Time to view this module is 58 minutes.

Module 2 - Ratios

Module 2 will cover Ratios.  Accounting Ratios are used to describe the relationships between different types of accounting data.  Ratios can be used to determine changes in a firm’s financial health, can be used for planning and forecasting, for determining the overall value of a firm, and for many other types of financial decision making.  Ratios simply show how one number is related to another.

Time to view this module is 57 minutes.

Course Learning Objectives

Module 1

At the conclusion of Module 1 the learner will be able to:

  • Describe the purpose and meaning of financial statements
  • Understand the basic economic, financial, and operating factors that influence the success of a business
  • Understand the key information necessary for an effective financial statement
  • Articulate the key questions necessary to gain an understanding of financial statements

Module 2

At the conclusion of Module 2 the learner will be able to:

  • Define the meaning of and the rationale behind using ratios
  • Understand the different types of ratios and when and why they are used
  • Understand the advantages and disadvantages of the different types of ratios

Time to complete this course is approximately 193 minutes.

Course Fee: $249

Scroll to Top