Cardiovascular Program Coordinator Course - CE-Module 8: Session 1

Video Transcription

Video Summary

In Module 8, Session 1 of the Cardiovascular Program Coordinator course, the focus is on Financial Management. The video begins by introducing the presenters, Beverly Bouady-Lindsay, Ginger Beesbrock, and Carrie Morris, and the learning objectives for the module. The presenters discuss the challenges hospitals face in managing their finances and highlight the need for cost control and revenue growth. They provide statistics on operating margins and expense growth in not-for-profit hospitals. The video emphasizes the importance of cost avoidance and provides strategies for managing expenses, such as pharmaceutical utilization management and strategic outsourcing. It also suggests focusing on revenue cycle management and market share growth. Finally, the video concludes by highlighting the role of accreditation in navigating these financial challenges and achieving sustainability for hospitals.

Keywords

Financial Management

Cost control

Revenue growth

Expense management

Accreditation