The Basics of Budgeting
9:00 AM - 3:00 PM
Monday, February 26, 2018
Location: Connecticut Hospital Association, 110 Barnes Road, Wallingford, CT 06492
- Acute Care Hospital Member: $225
- Other Member: $250
- Non-Member: $300
Many healthcare department managers have traditionally risen from the professional ranks as
successful clinicians or technicians but with little or no formal business financial training. As a
result, many are thrust into a chaotic environment without the necessary knowledge or tools in
financial management. Skills in planning and budgeting are essential if they are to achieve the institution’s mission and contribute to “bottom line” results, particularly in an environment of chronic federal and state underfunding. In a very real sense, these represent survival skills for both managers and organizations. This member-requested management development program, part one of a two-part series, provides managers with an introduction to budgeting concepts, including calculating the volume budget and a revenue budget, tools to develop staffing plans, and salary and supply budgets, and information on how best to handle capital and equipment requests. Bill Ward, a popular and dynamic lecturer on financial management in healthcare returns at member request to present the program. Part two of this program is planned for April 24, 2018.
Breakfast and lunch will be provided; registration and breakfast begin at 8:30 a.m.