Healthcare Budgeting and Forecasting

3.0 CPEFinance

Master the essentials of budgeting and forecasting in healthcare with this comprehensive course. Learn to develop robust budgets, apply data-driven forecasting techniques, manage costs, and analyze variances through practical case studies tailored to the healthcare industry.

VIDEO COURSE

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About this course

Dive into the critical financial skills needed to excel in healthcare management with the "Healthcare Budgeting and Forecasting" course. Designed for finance professionals and healthcare administrators, this course equips you with the tools to create comprehensive budgets, forecast patient volumes and revenues, and implement cost management strategies. Explore budgeting methodologies (incremental, zero-based, rolling, flexible), leverage data analytics for informed decision-making, and master variance analysis to ensure financial stability.

Through engaging video lessons and a hands-on hospital case study, you’ll apply concepts like payer mix analysis, expense categorization, and scenario planning to real-world healthcare scenarios. Ideal for those with foundational knowledge in cost accounting and financial statement analysis, this course prepares you to navigate the complexities of healthcare finance with confidence.

What you’ll learn

Upon completion of this course, you will be able to:

To understand and evaluate cost management strategies.
To apply data-driven decision making utilizing financial analytics, benchmarking, and predictive modeling.
To implement flexible and adaptive financial planning techniques.
To identify, analyze, and manage budget variances.
To develop comprehensive healthcare budgets.

Your instructor

Michael Carroll, CPA, CISA, CISM

Course content

4 lessons · 15 steps · 1h 19m of video

01LESSON 1Introduction to Healthcare Budgeting and Forecasting4 items

02LESSON 2Developing Effective Healthcare Budgets4 items

03LESSON 3Forecasting and Variance Management4 items

04LESSON 4Applied Learning and Course Wrap-Up2 items

Locked

Final assessment

Course access is required to take this assessment.

26 questions70% to passUnlimited attempts

On course completion: 3.0 CPE and a certificate

Course details

CPE: 3.0
Field of study: Finance
Course level: Not specified
Delivery method: QAS™ Self Study
Prerequisites: <a href="https://wisdify.com/courses/cost-accounting-in-healthcare/">Cost Accounting in Healthcare</a> & <a href="https://wisdify.com/courses/financial-statement-analysis-in-healthcare/">Healthcare Financial Statement Analysis</a> by Wisdify
Advance preparation: Not specified
Course content: 4 lessons · 15 steps
Assessment: Final assessment · 26 questions · pass 70%
Completion deadline: 365 days from enrollment
Last updated: May 2025
Registration: A Wisdify account, eligible subscription, and course enrollment are required.