The Basics of Budgeting
Location: Connecticut Hospital Association, 110 Barnes Road, Wallingford, CT 06492
Many healthcare department managers have traditionally risen from the professional ranks as successful clinicians or technicians but with little or no formal business financial training. As a result, many are thrust into a complex environment without the necessary knowledge or tools in financial management. Skills in planning and budgeting are essential if they are to achieve the institution’s mission and contribute to “bottom line” results, particularly in an environment of chronic federal and state underfunding. In a very real sense, these represent survival skills for both managers and organizations. This member-requested management development program, part one of a two-part series, provides managers with an introduction to budgeting concepts, including calculating the volume budget and a revenue budget, tools to develop staffing plans, and salary and supply budgets, and information on how best to handle capital and equipment requests.
Bill Ward, a popular and dynamic lecturer on financial management in healthcare returns at member request to present this program.
Breakfast and lunch will be provided; registration and breakfast begin at 8:30 a.m.
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