WEDNESDAY & THURSDAY, MARCH 18 & 19, 2026 * 9:00AM TO 5:00PM
EDSA SHANGRI-LA HOTEL, MANDALUYONG CITY, PHILIPPINES
Managing finances in hospitals and medical centers is unique due to complex revenue streams, cost management challenges, capital expenditures and investments in technology, all while adhering to regulatory compliance.
First, hospitals earn income from a variety of sources, including patient services, health insurance reimbursements, pharmacy revenues, facility rentals, and more. This complexity necessitates specialized financial strategies to manage resources effectively.
Second, cost management in healthcare is complicated by fluctuating patient volumes, high fixed costs, and the need for advanced technology. Financial managers must find a balance between controlling costs and maintaining high-quality patient care.
Third, hospitals often make substantial investments in capital expenditures, which include purchasing medical technology and infrastructure. Financial management must prioritize these investments while ensuring both sustainability and a good return on investment, which can be challenging in a rapidly evolving industry.
Lastly, healthcare organizations must comply with strict regulations and standards that govern labor, safety, environmental concerns, taxation, financial reporting, and other areas. In this context, financial statements can provide valuable data for management and the board.
Financial statements are vital tools that deliver essential insights for effective planning, decision-making, and management in any organization. By analyzing numerous daily transactions—each varying in importance—these statements transform raw data into comprehensive reports that serve a wide range of stakeholders, including hospitals and medical center owners, board directors, hospital administrators, doctors, managers, creditors, and investors. Mastering the information provided by financial statements is not just advantageous; it is absolutely critical for success.
Financial statements are the essential financial heartbeat of hospitals and medical centers. They empower boards and management teams to rigorously assess their financial performance every year, clearly showcasing critical components such as income, expenses, assets, liabilities, and equity. By analyzing these statements, organizations can confidently gauge their liquidity, profitability, leverage, and other vital performance indicators.
Join us for an enlightening two-day seminar designed for anyone who engages with financial information in a hospital or medical center. This program aims to equip participants with a robust understanding of the “whats, hows, and whys” of financial reporting, enabling them to adeptly assess the financial performance of their organizations. Unlock the full potential of financial statements and elevate your decision-making prowess!
He was the Chairman of Finance and Accounting Department and Program Director of the Master in Development Management in Public Finance at the Asian Institute of Management. He was the Vice Chair of the Professional Regulatory Board of Accountancy and the Chair of Continuing Professional Development Council for Accountancy.
His current affiliations include Asian Development Bank as its National Capacity Development Expert in Public Financial Management and First Asia Institute of Technology and Humanities as its Dean of School of Graduate Studies.
His consulting experiences consist of engagements with The World Bank, Australian Agency for International Development, United States Agency for International Development, United Nations Development Programme, and European Commission.
He has written 4 books, 4 book chapters and over 50 research and technical papers.
Session 1 – Unraveling the Financial Intricacies of Hospitals and Medical Centers
This session explores the characteristics of hospitals and medical centers in relation to their funding sources and how they allocate their financial resources. It is based on the mission and business nature of health service provision, distinguishing it from traditional business entities. The session connects the organizational aspects of health service providers with the management of their financial resources.
Key questions to be addressed include:
a. How do hospitals and medical centers differ from trading, manufacturing businesses,
and other service providers?
b. What is the revenue model for hospitals and medical centers?
c. What factors contribute to the successful operation of hospitals and medical centers?
d. What are common pitfalls in managing hospitals and medical centers?
e. What does the financial reporting landscape look like within health service provider organizations?
Session 2 - The Structure and Contents of the Financial Statements
This session is the core of the seminar, focusing on the classification of accounts as presented in financial statements. It will cover the contents of the three primary financial statements: the balance sheet, the statement of profit and loss, and the statement of cash flows.
Session 2.1
A. Elements of the Financial Statements
B. Statement of Financial Position (Balance Sheet, at the end of the period)
C. Statement of Income and Loss and Other Comprehensive Income (for the period)
Session 2.2
A. Statement of Cash Flows (for the period)
B. Statement of Changes in Equity (for the period)
C. Notes to Financial Statements (comprising a summary of significant accounting policies
and other explanatory information)
Session 3 – Measures of Financial Performance
This session focuses on the question: Is your health service provider organization in good health? Participants will analyze the organization’s financial health using various analytical tools. Additionally, the session goes beyond just the numbers by exploring the more challenging task of identifying appropriate actions or strategies that can be implemented based on the organization’s financial performance.
Session 3.1
A. Horizontal Analysis--Year-to-Year Change; Trend Analysis;
Compound Annual Growth Rate --Smoothed Growth Rate
B. Vertical Analysis
C. Small Group Workshop
Session 3.2
A. Analyzing Liquidity
B. Analyzing Activity
C. Analyzing Leverage
D. Analyzing Profitability
E. Other Financial Performance Measures
F. Small Group Workshop
Session 3.3
A. The Use of Financial Information for Decision-Making
B. Strategies to Enhance Financial Performance
Session 4 - Dissecting Risks in the Financial Statements
Using a set of actual financial statements of an existing hospital or medical center, the session seeks to illustrate how companies identify, assess, and mitigate the risks.
A. Making Use of the Notes to the Financial Statements
B. Business Risks and Mitigation Measures
Requirement from the Participants: Laptop
Contact Person: Camille Joyce Jonas
Mobile Number (+63 939) 914-8689
Telefax: (+632) 8842-7148 or 59
Email: camille.cgbp@yahoo.com
