Facility managers need to be able to discuss financial issues in language of the C-level. This session will focus on the basics of healthcare finance. It will start by looking at the ways healthcare institutions receive revenues, and how these revenues line up with expenses. Important issues regarding public funding of healthcare systems will be examined, as well as reimbursement from the private sector. The session will look at the forces behind some of these reimbursement flows, and the issues healthcare C-suite look at that affect overall fiscal health of the organization.

The session will look at some general cost issues within the healthcare sector, including where the money goes and the forces driving these expenditures. The session will look briefly at balance sheet issues for healthcare organizations, and how outside forces can affect the fiscal health of the organization.

Next, the session will look at some of the recent impacts of the current US fiscal crisis. It will take some of these impacts and show how they have affected the health of the healthcare sector of the economy.

Finally, the session will look at trends in healthcare finance and demographics, and examine ways in which healthcare systems are likely to have their finances impacted by external forces over the longer-run.

This session will conclude by helping facility managers to understand how their department fits within the context of the business of delivering care, and how they can better communicate the financial impact of their operations, and how their operations can contribute to their employers mission.