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Financial management is the cornerstone of every medical practice. While many of the same competencies are required for managers in any organization, there are nuances specific to the delivery of healthcare in a clinical setting that differentiate the healthcare executive from their peers in other businesses or healthcare delivery environments. With that in mind, ACMPE has designed the Financial Management Certificate Program.
Aligned with the MGMA-ACMPE Financial Management Body of Knowledge, the Financial Management Certificate program is an in-depth online learning experience that provides healthcare leaders with a mastery of financial management concepts including Payer Contracting, Revenue Cycle Management, Accounts Payable, Payroll and Cash Flow Management, and Financial Reporting and Budgeting*.
Upon completion of the full 17-hour online program, participants will receive the Financial Management Certificate and be issued an FMC credential**.
Program Overview
- Part I: Payer Contracting
- Part II: Revenue Cycle Management
- Part III: Accounts Payable, Payroll and Cash Flow Management
- Part IV: Financial Reporting and Budgeting
ACMPE Certificate Approved Seminar
Completion of this program is exclusively eligible for the Financial Management Certificate through the certifying body, the American College Of Medical Executives (ACMPE). Certificates are widely accepted throughout the industry and offer valuable immersions that share knowledge and enhance skills.
More about the
ACMPE Certificates
*All Certificate program components are available for individual purchase.
**Exam required to pass each individual part of the program.
ACMPE: 17
CEU: 17
Continuing Education Information
Participants receive credit upon completion of each individual program as well as for the entire program when all four components are complete.
Delivery method: Internet Activity Enduring Material
Learning level: Advanced - Education that builds on an intermediate curriculum, designed to help you synthesize and evaluate complex concepts to create outcomes-based solutions.
Learning format: Interactive
Prerequisites: The ability to apply the topic or knowledge area.
Advance preparation: None
Duration: 17 hours
Certificate Program Maximum clock hours
ACMPE: 17 | CEU: 17
Claiming Credit:
If you wish to claim continuing education credit and the certificate of completion, you must pass the associated exam required by the accrediting organizations. Registration for all four exams is included in the certificate program.
- ACMPE, medical practice administrators in certification and Fellowship through ACMPE
- CEU, generic continuing education unit
Official Continuing Education Statements and Availability
American College of Medical Practice Executives (ACMPE)
This program is approved for ACMPE continuing education hours. A cumulative total of 50 ACMPE continuing education credit hours is among the requirements for attaining the Certified Medical Practice Executive (CMPE) credential. To maintain CMPE or Fellow status, you must earn 50 hours of qualifying credit hours every three years, of which 30 hours must come from MGMA national, state or local offerings, including 12 from a live learning event.
Learn more about the ACMPE certification program.
One ACMPE credit is earned for every 60 minutes of educational content, rounded down to the nearest 0.25.
Continuing Education Units (CEU)
A certificate of attendance will be provided to healthcare professionals requesting generic CEUs for professional development, certifications through other professional associations or specialty societies.
One generic CEU credit is earned for every 60 minutes of educational content, rounded down to the nearest 0.25.
Part I - Payer Contracting
This online program will give you the skills to analyze your contracts, strategically develop contract proposals and create a monitoring and analysis process.
This 6-hour program will provide you with the knowledge to:
- Gathering and analyzing your contracts
- Articulate practice value, developing contract proposals and building a go-forward strategy
- Establish a contract monitoring and evaluation process
Part I: Gathering and Analyzing Your Contracts
Most practices know what is required to accomplish due diligence on their contracts but dread the thought of systematically gathering payer agreements and fee schedules, analyzing the findings, and developing and executing a strategy to renegotiate agreements. The challenge of being faced with so many hard-to-find puzzle pieces in the quest to accomplish even the first steps of finding the agreements, amendments and relevant schedules can quickly overwhelm a practice and derail it from its goals. This session will share turnkey processes that will get you headed in the right direction and on task even when obstacles are in the way. The primary focus of this session will be on building your foundation—the gathering, analysis and strategy development stage of your payer contracting project.
This session will set the stage for the content in Part II of the education series: How to initiate a negotiation, what makes your practice special, and how to model and test an offer so that you have a clear understanding of why it is so important to start with a solid foundation.
Part II: Articulating Practice Value, Developing Contract Proposals and Building a Go-Forward Strategy
This session will build upon the contracting foundation established in Part I. Once a practice has tracked down contacts, agreements and fee schedules, the contracting process enters the next phase: Developing proposals and crafting your practice value proposition. The first focus of this session will be on identifying your specific negotiation targets, including identifying top CPT® codes, comparing rates, evaluating proposals and methodologies across your book of business and establishing targets for negotiation. The instructor will then use this analysis to construct proposals, including sample verbiage and recommended strategies. The session will provide insight into the alternative payment model landscape for practices to consider and position as part of the negotiation process. Additionally, this session will focus on developing the practice value proposition, providing templates to use to start the process of articulating the value during the negotiation process. The final focus will include recommended go-forward strategies to integrate the contracting practice into the core financial management strategy.
Part III: Establishing a Contract Monitoring and Evaluation Process
The concluding session addresses contract monitoring and evaluation. The first hour will be a hands-on workshop demonstrating the Microsoft Excel VLOOKUP function as a tool to analyze payer performance. A sample dataset will be provided for all attendees to manipulate during the session. The session will then demonstrates how to track and analyze payer performance through contract monitoring, providing methods for ensuring that the rates negotiated match payment rates.
SPEAKERS
Part I: Gathering and Analyzing Your Contracts
Part II: Articulating Practice Value, Developing Contract Proposals and Building a Go-Forward Strategy
Part III: Establishing a Contract Monitoring and Evaluation Process
Part II - Revenue Cycle Management
The revenue cycle in ambulatory care settings is vast and complex, which makes understanding and managing it crucial for financial, clinical and regulatory success. This certificate program includes a full cycle education on topics that progress from patient registration to receipt of payments. It will cover topics such as: credentialing, coding, payment posting, denial oversight, regulatory guidelines, use of technology, internal audits, value-based payment models and analytical reporting. This certificate program will empower participants to operationalize aspects of the revenue cycle as well as provide actionable insights for individuals tasked with managing the revenue cycle. Participants of this four-part series will be given the resources to enhance revenue integrity by examining four important aspects of the revenue cycle:
This 6-hour program will provide you with the knowledge to:
- Assess and master revenue cycle management
- Estimate the impact of daily activities upon the revenue cycle
- Determine methods for continuous revenue cycle improvement and ongoing oversight
Certificate course content will be extracted from “
Revenue Cycle Management: Don’t Get Lost in the Financial Maze”.
Agenda Overview
Part I: Patient Access & Pre-Visit Services
Part II: Claim Preparation (Mid-Cycle)
Part III: Payment Oversight
Part IV: KPIs, Quality Programs & Reporting (KQR)
SPEAKERS
Part III - Accounts Payable, Payroll and Cash Flow Management
This certificate program consists of three hours of educational content presented in three modules. This education is eligible for ACMPE, AAPC, ACHE and CEU credit. While this is a standalone certificate program, it can also help you to achieve the MGMA Financial Management Certificate (FMC) credential as one of four courses needed to satisfy that program.
Are you responsible for cash management in your practice? Does worrying about cashflow and meeting payroll keep you up at night? Have you ever wondered how to manage cashflow and accounts payable in a productive and meaningful way? Perhaps you want to be more in charge of the finance process in your practice. This online event will provide you with the building blocks to manage your accounts payable and payroll management and develop strategic processes for cashflow management so you can feel confident when meeting with the CFO or accountants in future meetings.
This certificate program will provide you with the knowledge to:
- Manage cashflow in a productive and meaningful way
- Apply a basic understanding of bookkeeping and internal cash controls
- Employ strategies to manage the practice payroll
Agenda Overview
Part I: Cash Flow Management
Part II: Accounts Payable Management
Part III: Payroll Management
AGENDA DETAILS:
Part I: Cash Flow Management
Have you ever wondered how to manage cashflow in a productive and meaningful way? This session will give you the building blocks to monitor bank balances, protect cash flows and design the cash receipt process. This session will equip you with the knowledge to ask the CFO or accountant the tough questions and will “get” what they’re saying in future meetings.
Part II: Accounts Payable Management
Management of accounts payable is an ongoing requirement for practice success. This session will provide a basic overview of bookkeeping, internal cash controls and vendor payment models as well as skill in negotiating payment terms, reconciling accounts and supervising accounts payable processes.
Part III: Payroll Management
This session will give you the tools you need to be successful in your practice to manage payroll. Even if you outsource these functions, if you’re the one who oversees payroll, this session offers basic insights on how to supervise and manage your largest expense.
SPEAKERS
Part I: Cash Flow Management
Part II: Accounts Payable Management
Part III: Payroll Management
Part IV - Financial Reporting and Budgeting
This certificate program consists of two hours of educational content presented in four parts. This education is eligible for ACMPE, ACHE and CEU credit. While this is a standalone certificate program, it can also help you to achieve the MGMA Financial Management Certificate (FMC) credential as one of four courses needed to satisfy that program.
Financial health is paramount to ensuring the long-term success of a practice, but where to start? Reporting and managing financials can be daunting, especially for those who don’t have a background in accounting or finance. This online event will teach you basic financial management principles and equip you with processes and best practices to measure, report, analyze and forecast financial performance. The program also explores how to best leverage technology e.g., software and systems) to make financial reporting easily accessible to healthcare leaders.
This two-hour on-demand certificate program will provide you with the knowledge to:
- Produce budgets and forecasts
- Manage financial reports
- Apply strategies that make your practice audit-ready
- Demonstrate the impact of corporate taxes on your practice
Agenda Overview
Part I: Budget Creation and Management
Part II: Financial Reporting
Part III: Audit Management
Part IV: Corporate Tax Reporting
AGENDA DETAILS
Part I: Budget Creation and Management
Part II: Financial Reporting
Part III: Audit Management
Part IV: Corporate Tax Reporting
On Demand Refund Policy
On-demand programs are available for one full year from the purchase date, unless otherwise specified. Registration and exam fees will not be refunded for this program unless approved by the program manager.
On Demand Cancellation Policy
If for any reason MGMA must cancel this on-demand program prior to the expected expiration date, MGMA will notify participants by email of the cancellation no less than five business days prior to the cancellation. Full refunds will be processed within 90 days of the cancellation. Registration and exam fees cannot be refunded if the program or exam has been started or completed.
Contact the MGMA Service Center for cancellations or refunds:
Toll-free: 877.275.6462, ext. 1888
Email:
service@mgma.com
Complaint resolution policy
Please contact the MGMA Service Center toll-free at 877.ASK.MGMA (275.6462) for issues or concerns with this program.