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  • PCWPreconference Workshop

  • ULTCUpdates/Legal Trends/Compliance

  • FSFinancial Management: CFO Strategies

  • FAOFinance and Accounting Operations and Results

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Get Best Practices: Cost Accounting for the Quality-Driven Reimbursement Era

Date and Time
Sunday, June 24th, 2012  1:00 – 4:30 p.m.

(PCW6) Get Best Practices: Cost Accounting for the Quality-Driven Reimbursement Era (3.5 CPEs)

This workshop will guide participants through the planning pitfalls and opportunities in designing a best practice cost accounting system that is consistent with today’s complex reimbursement environment. Prepare now for the evolution of simple pay-for-performance demonstration projects and never event exclusions to Medicare value-based purchasing, readmission restrictions, and bundled payments.

Topic Area
Finance and Accounting Operations and Results

CPE Field of Study
Accounting

After this session, you will be able to:

  • Document existing situations and use new cost allocation strategies, methodologies, and rules
  • Understand tools you can use to address survey cost accounting system capabilities and limitations
  • Distinguish key cost allocation sort keys and their uses in determining profit and loss (including patient days, admits and discharges, square footage, FTEs, total direct/indirect costs, physicians, departments and service lines, depreciation expense)
  • Examine the implications of revenue offsets and grant allocation issues


Level
Intermediate

Prerequisites/Prework
Basic understanding of cost accounting

Tools and Takeaways
Examples of a best-practice general ledger and cost allocation structures

Speakers
David C. Hammer
Partner
Accenture

Ylone Xavier
President
Healthcare Performance Management Consultants, LLC