AHRMM Academy Credential Program: Finance and Health Care Supply Chain

Unlock your potential with AHRMM Academy’s exclusive Credential Cohort Programs, designed specifically for Health Care Supply Chain (HCSC) professionals. This comprehensive credentialing series allows you to earn badges that showcase your expertise across all 5 key content areas, enhancing your professional profile. Our curriculum is meticulously aligned with the Certified Materials & Resource Professional (CMRP) designation, allowing you to build competencies in all 5 subject areas assessed on the exam. Achieving these badges not only signifies your proficiency in each topic, but also positions you as a well-rounded expert in the entire supply chain continuum. Join our cohort and take a significant step toward your career advancement and CMRP certification.
 

COHORT 4

Finance and Health Care Supply Chain

Effective financial management is the back bone of any successful health care organization. Understanding the budgeting process is vital, as it involves identifying income and expenses, setting financial goals, categorizing expenses, monitoring spending, and making necessary adjustments based on variances and new financial data. By exploring topics such as records retention, supply chain collaboration, revenue cycle impact, cost savings programs and government regulations, you will be able to make informed decisions, optimize resources and ensure compliance, ultimately enhancing your organization's financial health and operational efficiency.
 

Format: This program is a 4-week virtual cohort from July 7-July 31. It includes 4 live sessions (1-hour weekly presentations, that will also be available on-demand). 

Continuing Education: Completing this program earns 6 CECs - applicable for ACHE credits. 

LEARNING OBJECTIVES

• Identify key components of your organization’s budgeting process and demonstrate how to analyze pricing, usage data, budget variances, and non-labor expenses to support financial decision-making.
• Analyze how managing fixed non-movable equipment and grouping similar capital equipment by type or manufacturer can lead to cost savings.
• Explain the need for records retention policies and identify the various document retention and filing systems in accordance with regulatory requirements.
• Discuss how Supply Chain can work effectively with finance departments.
• Describe the impact of reimbursement and payer models on a health care organization’s revenue cycle.
• List the key components of developing and managing cost savings programs.
• Recognize the importance and significance of government regulations to supply chain operations and the value of using financial benchmarks.

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