Risk financing hero image virtual

Health Care Risk Financing Certificate Program - Virtual Course

The Virtual learning version of the Health Care Risk Financing Certificate Program offers weekly calls with instructors and self-guided activities

ASHRM Academy Virtual Learning Course - May 2021

Understanding the basics of risk financing allows the risk manager to tie clinical efforts directly to the financial ramifications. This certificate program will help risk managers learn key risk financing information and techniques, as well as how to better assess their own programs. From reviewing loss runs to understanding actuarial reports, an educated risk manager can engage their c/suite by talking about the financial implications of the risk management program to the organization.

We will start by looking at insurance policies and end by ‘running’ a captive – illustrating how the options of risk financing parallel the organization’s philosophy on risk identification, mitigation and resolution. Each participant will leave with practical tools to use in their daily work.

View Program Agenda

ASHRM Academy 2021 Program Timeline

April 13 Registration closes for the May Virtual Course  
April 14 Attendees will receive LMS access notification  
April 21 All pre-work to be completed  
May 5 All Week 1 activities to be completed by 60 mins call with faculty at 12pm CT
May 12 All Week 2 activities to be completed by 60 mins call with faculty at 12pm CT
May 19 All Week 3 activities to be completed by 60 mins call with faculty at 12pm CT
May 26 All Week 4 activities to be completed by 60 mins call with faculty at 12pm CT

High-Level Subject Topic Outline

Pre-Work Topics:

  • Introductions
  • Assigned readings

Week 1 Topics:

  • Risk financing terms
  • History of insurance development and trends
  • Actuarial introduction

Week 2 Topics:

  • Introducing loss runs
  • Med mal claims on actuarial analysis
  • Development Patterns, Creating Loss Development Triangles for loss runs

Week 3 Topics:

  • Indemnification clause implications
  • Discuss how coverage affects actuarial review and vice versa
  • Introduce ‘Occupied Bed Equivalent’ concept and application - Losses, Bed Equivalent Exposures
  • Modification (mod) factors- Experience Mod Factor Calculation
  • Captive board meeting

Week 4 Topics:

  • ‘Large loss scenario’ & B/F analysis -Ultimate Loss Methods and Selection, Discounting, Confidence Levels
  • Review marketing strategies to the carriers
  • Discuss how a commercial program can evolve into a captive program

Program Details

14 hours of online format

Completion Requirements
You will receive a "Certificate of Completion" upon completion of the following:

  • Full online attendance during live calls
  • Completion of all online activities
  • Completion of evaluation within 2 weeks

Continuing Education Credit Information

ASHRM Credit
This program is approved for 14 contact hours of continuing education credit toward fulfillment of the requirements of ASHRM designations of FASHRM (Fellow) and DFASHRM (Distinguished Fellow), and toward CPHRM renewal – for those who hold the designation at the time of the program.

Continuing Nursing Education (CNE)
American Society for Health Care Risk Management is accredited as a provider of nursing continuing professional development by the American Nurses Credentialing Center's Commission on Accreditation.
This program has been approved for 14 contact hours.
Email ashrmed@aha.org for questions

ASHRM Academy

May 2021

Take the Risk Financing Certificate virtual course as part of ASHRM Academy

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