Patient Accounting Certification includes exam preparation and the exam qualifies for 3 CPE credits:

Course participants learn how the activities they see and do every day are reflected in the financial statements. The course focuses on key financial terms such as: Cash Flow, Net Revenue and Net Income as well as the purpose of each financial statement. Participants learn how to:
Define, recognize and use key financial terms.
Compare and contrast these terms.
Associate the key terms with the corresponding financial statement.
Locate key numbers in the financial statement provided on your company's financial
statements.
Explain the purpose of each financial statement.

Course participants learn how patient accounting systems capture and report information, how the numbers are reported to the financial statements and ways to ensure the numbers are right. Participants will:
Define a transaction.
Name the main types of transaction categories used in patient accounting systems.
Explain the impact of each transaction category on Accounts Receivable.
Prepare a reference tool summarizing the types of transactoins captured in each category.
Define the terms: payer, carrier, financial class and insurance type.
Use system reports to learn how the information is summarized and reported.

Course participants learn how to report revenue and expenses using each of the three accounting methods: Cash Basis of Accounting, Modified Cash Basis of Accounting and Accrual Accounting. Participants learn how to:
Explain how revenue and expenses are reported using each of the accounting methods.
Identify the main difference between the methods.
Trace Charges, Payments and Write-Offs reported from the jpatient accounting system
reports to the Financial Statements using accural accounting.
Report charges, Payments and Write-Offs using each of the three accounting methods.

The course covers the methods used to reserve for bad debt and contracted discounts as well as report bad debt expenses, non-contracted discounts and contractual write-offs using the Accrual Basis of Accounting. Participants learn how to:
Define the Matching Principle.
Apply the matching principle to record bad debt expense.
Compare and contrast the different methodologies used to estimate bad debt expense.
Apply the matching principle to record non-contracted discounts and contractual write-offs.
Explain the difference between reporting non-contracted discounts and contractual write-offs.
Compare and contrast the different methodologies used to estimate the contractual write-offs.

Course participants use financial statements and graphs to identify and explain important operational trends and use sample information and templates to create easy to understand financial presentations that are ideal for board meetings. Participants learn how to:
Explain the purpose of each financial statement.
Identify trends using financial statements and graphs.
Explain the trends identified.
Calculate A/R Days.
Compare and contrast indirect versus direct costs, and variable versus fixed costs.
Use ratios to evaluate and monitor significant expenses.