Course Code: REL-ACU-0-FSFH
Hours: 1
Type: Online Course
Content Expiration Date: 12/31/2025
Learning Objectives:
Interpret a budget to actual data to understand performance against organizational financial goals.
Analyze key aspects of financial statements to understand strengths, risks, and areas of opportunities represented in stated figures.
Define and calculate important statistics and explain what they demonstrate about organizational performance.
Outline:
Section 1: Introduction
About This Course
Learning Objectives
Section 2: Understanding Budgets
Budget Basics
Interpreting Budgets
Summary
Section 3: Financial Statement Interpretation
Types of Financial Statements
Common Income Statement Elements
Interpreting the Income Statement
Common Balance Sheet Elements
Interpreting the Balance Sheet
Summary
Section 4: Key Statistics and What They Tell Us
Key Financial Statistics
Key Operational Statistics
Summary
Section 5: Clinical Vignette
Calculating and Interpreting Financial Information
Section 6: Conclusion
Course Summary
Course Contributors
Resources
References
Subject Matter Expert: Terri Donovan, MBA, CHFP
Ms. Donovan is a Consultant and Interim Healthcare Executive through her company End-2-End Healthcare Consulting, LLC and served as an Adjunct Accounting Faculty member at The University of Montana. She has a Master’s in Business Administration and studied accounting and information systems as an undergraduate student. Ms. Donovan has worked with post-acute care organizations, small critical access hospitals, large academic medical centers, national health systems, and specialty physician practices in the for-profit, not-for-profit, and private equity spaces.
Writer: Kimberly Workman, MA
Ms. Workman is an Instructional Designer at Relias. She has a Master of Arts in Technology and Communication, as well as graduate certificates in Public Health, Epidemiology, and Digital Communications. Ms. Workman has a background in writing and designing online continuing medical education for physicians and other health professionals on multiple educational platforms, including web-based, game-based, and immersive learning environments. She has also used simulation training extensively to connect learning to real-world environments.
Target Audience:
The target audience for this course is: Nursing Personnel; in the following settings: Hospitals: Acute.
Relias Learning will be transparent in disclosing if any commercial support, sponsorship or co-providership is present prior to the learner completing the course.
Relias Learning has a grievance policy in place to facilitate reports of dissatisfaction. Relias Learning will make every effort to resolve each grievance in a mutually satisfactory manner. In order to report a complaint or grievance please contact Relias Learning at support@reliaslearning.com.
All courses offered by Relias Learning, LLC are developed from a foundation of diversity, inclusiveness, and a multicultural perspective. Knowledge, values and awareness related to cultural competency are infused throughout the course content.
To earn continuing education credit for this course you must achieve a passing score of 80% on the post-test and complete the course evaluation.
Course Delivery Method and Format
Asynchronous Distance Learning with interactivity which includes quizzes with questions/answers, and posttests.