Advanced Concepts in Finance: The Science of a Successful Budget
How to master the components of a successful operating budget.
- TAHC&H Event | HCSSA Administrator Conference | Recorded for On-Demand Access
- Presentation Date | November 15, 2022
- TX HCSSA Administrator/Alternate Continuing Education
CE Approval Statements:
· This program meets continuing education requirements
for Administrators and Alternates under Texas HCSSA licensing regulations.
HCSSA Topic(s) Addressed:
- §558.259[d]agency responsibilities
- §558.260[a]basic principles of management in a licensed health-related setting
- §558.260[a]financial management
Program Description: In a world where cuts to payments and everchanging regulations dictate how your agency operates,
budgeting your revenues as well as expenses has never been more important. In order to budget properly in the current healthcare environment, collaboration
between the clinical and fiscal teams is a MUST! In this presentation, you will master the components of a successful operating budget by understanding
how to use their cost report and clinical documentation to leverage a financial competitive advantage. Being aware of financial implications before admitting
a patient can help to put your agency on the path to success.
TAHC&H Faculty/Presenter(s): Natalie Alexander, Manager, WIPFLI
About the Presenter(s):
Natalie Alexander joined the Healthcare division of Mueller Prost in 2016 as an intern. She specializes in preparing
cost reports and reimbursement with Home Health and Hospice agencies. Natalie works closely with Hospice providers to plan for their yearly Hospice caps.
Before Natalie was involved with Home Health and Hospice, she worked with Skilled Nursing Facilities and Home Offices preparing Medicare
and Medicaid Cost Reports. She has worked closely in the following states: Texas, Wisconsin, Iowa, Missouri, and Kansas. With her experience, she is responsible for
data gathering and analysis, completion of cost reports, and training new team members and interns. With Natalie’s passion for healthcare, she has become a resource
that clients rely on.
 Advanced Concepts in Finance: The Science of a Successful Budget