Preparing Internal Systems for Gathering Cost Data
Tuesday, February 18, 2020
To assist health center finance and accounting staff in preparing for the transition to value-based payment and care, the Delta Center is hosting a series of webinar trainings on Understanding Your Costs in an Evolving Payment Environment. These webinars are facilitated by Capital Link, a national, non-profit organization that specializes in helping health centers improve operations and financial management.
In the transition toward value-based payment, health centers must be able to accurately track, manage, and report their costs in new ways. But many health centers face challenges in doing so because their accounting and other systems are not set up to capture cost data in a meaningful and flexible way. During the second webinar in the series, a former health center CFO provides insight into the ways health centers can set up charts of account, practice management systems, and HR/payroll systems to facilitate an accurate understanding of cost.