On-Demand Education from the 2022 KACE Convention 

Please note, this is an on-demand webinar. Upon paying for the event registration you will receive a link to the webinar that you can view anytime. The date in event is not the date this event will take place. You can complete the education on-demand at a time that is convenient for you. 

Two primary objectives of nursing facility management are 1) to provide quality care to residents and 2) to monitor labor, retention and recruitment. To successfully manage these areas, it is critical for a nursing facility to understand the financial condition of their organization and their underlying financial information.  A budget is a key component to the operations as a facility must control expenses to remain viable.  Additionally, a facility’s expenses in one year generally impacts the future Medicaid rate.  This session will provide an opportunity to gain financial knowledge of a facility’s operations and how a budget can be used to manage and control expenses. 

Learning Objectives:

• Understanding financial concepts
• How to calculate, understand and monitor financial metrics
• Budgeting, where to start and how to implement