Financial Management under a FFS Paradigm
Tuesday, April 23, 2019
- 3:30 PM
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The transition from grant funding to FFS reimbursement requires that behavioral health managers expand their knowledge base and comfort level with financial management, and develop and implement strategies in order for their organizations to survive and potentially flourish. This workshop will describe the new reimbursement model, with emphasis on effective approaches to succeed in the new environment. The topics to be covered will include: overview of the difference between grant funding and FFS reimbursement and the opportunities and risks under both payment systems; approaches to developing and monitoring FFS revenue projections; need for cost containment under FFS; importance of performance measurement, especially productivity; techniques to increase staff's billable time in order to maximize revenue; and increased need to examine restructuring options in an FFS environment. This workshop will utilize case studies, role play and group projects. Managers who attend this workshop will learn to develop financial strategies and analyses to assist in transitioning to FFS reimbursement.
Last Updated: 02/04/19