The Sankara Nethralaya Academy The Sankara Nethralaya Academy
The Sankara Nethralaya Academy
The Sankara Nethralaya Academy
Certificate Course in Hospital Financial Management

Weekend pattern (Saturdays: 3pm – 6pm)

Announcement: We wish to draw the kind attention of our readers that thanks to the overwhelming response from aspiring candidates the registration for the 2nd batch of the Certificate course in Hospital Financial course has been closed. Candidates have been enlisted and the session has already commenced. Kindly note that the forthcoming 3rd batch of the course will be commencing in mid-October, please stay tuned to these pages for notification on registration for the same.

Background

A basic course for Non-Finance professionals/executives in the Hospital sector to understand key financial concepts and techniques in a practical and interactive manner designed to immediately improve the participant’s financial comprehension and decision making capabilities. Some of the typical practical questions like :

  • How much can we charge for our services?
  • What is the real cost of our service?
  • Can we introduce variable pay to our Doctors?
  • How do we set up a New Hospital?
  • Can we open a Branch?
  • Can we afford a salary increase of x % to our Administration?
  • Can we buy the new-high tech equipment for our Hospital?
  • If yes how do we fund it ?
  • Despite our Turnover increasing, we don’t seem to make profits -Is our Institution making enough money? OR
  • Despite the profit we made last year- Finance team complains that there is not enough money to buy equipments or pay Annual Bonus-why ? Where is all the profit gone?
  • Is our new Equipment making enough money?
  • How much of the Profits, as owners, can we take out of the Business?

Participants will gain an understanding of the key financial statements and financial analysis techniques through the use of practical case studies and interactive learning applications.

Participants will also develop the acumen needed to confidently engage with finance teams in their working places to analyze financial data and understand the implications of financial performance of business.

Objectives of the Program

To enable Healthcare Administrators, Doctors, and Consultants- appreciate and understand:

  • Role of Finance & Accounting in a Hospital
  • Implications of finance on the Organization’s activities
  • Importance of financial statements
  • Costing of products and services
  • Funding and Capital Budgeting
  • Investments -Decision making
Methodology Class room lectures followed by simple exercises to understand the application of the concepts.
Lecture Coverage Accounting Concepts, Analysing Financial Statements, Costing Fundamentals, Cost Management –Break-even analysis, Pricing, Budgeting, MIS, Capital budgeting, Working Capital, Value of money and Investment decisions.
Eligibility Doctors and Administration Executives working in Hospitals/ Health care Institutions.
Age No bar
Duration of the course 12 weekends (on Saturdays-- 3pm to 6pm)
Course Commencement Mid October 2014
Certification awarded by The Sankara Nethralaya Academy, Unit of Medical Research Foundation, Chennai.
Course Fee Rs 15,000/- (Rupees Fifteen Thousands)
The DD to be in favour of MEDICAL RESEARCH FOUNDATION, CHENNAI.
Venue Lecture Hall, Sankara Nethralaya – Main Campus, No 18 College Road, Nungambakkam, Chennai – 600 006.
Faculty for the Course

Shri P.R.Ravindran,
Chartered-cum-Cost Accountant,
Former Chief General Manager -Sankara Nethralaya

More than 35 years experience in Accounting, Finance, Project Financing, MIS and Corporate Strategy in Rane Group, Tube Investments, Pennar Aluminium ,Ashok Leyland and TCS.

Testimonials
Faculty Profile Shri P.R.RAVINDRAN
Alumni List
Senior Healthcare professionals find The SN Academy Hospital Financial Management Course Outstanding
 
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For More Details and Registrations:

The Program Coordinator
The Sankara Nethralaya Academy
Phone : 4908 6000
E Mail : tsnaoptometry@gmail.com

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