CAREER DEVELOPMENT SERIES: “Financial Management - The Essentials”
The healthcare environment is characterized by constant change – change in the world outside and change in the processes within the organization. Leaders must be prepared to respond to the financial implications of change. To analyze these problems and make decisions successfully, leaders in healthcare organizations must understand basic financial concepts and terminology. This understanding is critical for successful collaboration and good financial decision-making. Essentially, leaders need to understand how processes determine costs, and how revenues and costs influence the financial health of the organization, and how financial health influences the ability of the organization to fulfill its mission.
Harvard Medical School Office for Diversity and Community Partnership
Commonwealth Fund/Harvard University Fellowship in Minority Health Policy &
California Endowment Scholars in Health Policy at Harvard University &
The Joseph L. Henry Oral Health Fellowship in Minority Health Policy
Friday, December 7, 2007
9:00 am - 4:00 pm
Benjamin Waterhouse Room, Gordon Hall
25 Shattuck Street, Boston
Space Limited, RSVP by Monday, December 3, 2007
Phone: 617-432-2313, Email: firstname.lastname@example.org
Topics covered include:• Managing and enhancing revenue• Managing fixed and variable costs (cost drivers)• Economies of scale• Management decisions: process design, outsourcing, compensation, etc.• Strategies for cost containment• Break-even analysis• Portfolio analysis (how do the parts come together?)• Financial modeling and sensitivity analysis (financial planning)
William T. Geary, PhD, CPA is an Associate Professor of Business Administration in the Graduate School of Business Administration at The College of William & Mary in Williamsburg, Virginia. He earned his doctorate at Northwestern University’s Kellogg School of Business. At William and Mary, he has served as Director of the Business School's Undergraduate Program and the Accounting Program.
- Financial_Management_flyer.pdf192 K