Since 1991, the Financial Training Institute (FTI) has specialized in the financial training of non-financial healthcare professionals through the offering of public seminars, on-site training, and consulting. FTI is owned and managed by Frank Capone, CPA, MBA, a professional training consultant and former healthcare chief financial officer, who has designed, written, and conducted over 1,000 financial seminars and workshops for thousands of non-financial healthcare professionals since 1984.
FTI believes in the following principles of financial training:
- Keep training simple, practical, relevant, and lively
- Deliver skills today which can be used tomorrow
- Motivate participants concurrently while training
- Focus on issues rather than theoretical detail
- Continue to build on prior trainee knowledge base with new concepts
There are four basic components of financial management that non-financial healthcare professionals must have as a skill set to effectively manage their department resources:
- Understanding financial terms, principles, concepts, and practices
- Statistical concepts and applications thereof
- Planning, preparing, and managing budgets
- Reading and analyzing financial responsibility reports
Following are the primary financial training workshops available to meet the needs of non-financial healthcare professionals:
- Financial Management Basics for Nursing Professionals (offered as both a public seminar and on-site training)
- Financial Management for Healthcare Professionals (offered as on-site training only)
- How to Manage Department Budgets (offered as on-site training only)
- How to Manage Nursing Budgets and Staffing Plans (offered as both a public seminar and on-site training)
- How to Build a Department Budget (offered as on-site training only)
- How to Build and Manage Nursing Budgets (offered as both a public seminar and on-site training)
- How to Read and Analyze Nursing Budget Reports (offered as both a public seminar and on-site training)
- How to Read and Analyze Department Responsibility Reports (offered as on-site training only)