Course

Course Summary
Credit Type:
Course
ACE ID:
HFMA-0006
Organization:
Healthcare Financial Management Association (HFMA)
Location:
Online
Length:
11.5 hours
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 1 introduction to medical practice management
Description

Objective:

The course objective is to attain an understanding in and have demonstrated specialist-level knowledge in physician practice management with a focus on revenue cycle activities that enhance contemporary physician practice management. Those who earn this certification will also gain specialist-level knowledge related to budget preparation, financial projections, cost accounting, managing information systems, and evaluating and negotiating payer contracts.

Learning Outcomes:

  • Identify the key contributory elements of evaluation and management services
  • Define ratios valuable in monitoring financial performance of a practice
  • Identify processes for evaluating a contract
  • Identify elements of strategic planning and the role of marketing

General Topics:

  • Encounter Processing, Customer Relations and Registration Procedures
  • Physician Coding and Payment Systems
  • Revenue Cycle: Accounts Receivable, Consumerism, and Collections
  • Information Systems
  • Budgeting and Benchmarking
  • Cost Analysis and Management
  • Physician Compensation and Retirement
  • Integrated Health Systems, Contracting and Reimbursement
  • Physician Practice Insurance
  • Other Management and Leadership Issues
  • Legal, Compliance and Regulatory Issues
  • Internal Controls and Audits
Instruction & Assessment

Instructional Strategies:

  • Computer Based Training

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials