Financial Fundamentals & Oversight for Board Members
Year Developed: 2022
Resource Type: Archived Webinar.Primary Audience: Board of Directors C-Suite (CEOs, CFOs, CIO, COOs, CMOs, etc.)
Language(s): English
Developed by: California Primary Care Association (See other resources developed by this organization).
Resource Summary: Based on a NACHC Board Member training developed by BKD, this webinar will provide governing board members with a basic understanding of their fiduciary responsibilities related to financial oversight, financial reporting, and performance metrics. This session is geared toward new governing board members, seasoned governing board members looking for a refresher, and the finance team.
Resource Details: LEARNING OBJECTIVES - Understand the board’s role in providing financial oversight for the health center. - Understand the financial reporting components of a balance sheet, income statement, and cash flow statement; the key ratios important to each, risk areas to be aware of, and questions board members should ask when reviewing these financial reports. - Understand the key financial metrics a board member should be aware of and monitor.
Resource Topic: Governance
Keywords: Governing Boards.This project is supported by the Health Resources and Services Administration (HRSA) of the U.S. Department of Health and Human Services (HHS) as part of an award totaling $6,625,000 with 0 percentage financed with non-governmental sources. The contents are those of the author(s) and do not necessarily represent the official views of, nor an endorsement, by HRSA, HHS, or the U.S. Government. For more information, please visit HRSA.gov.