1. Budget and Financial Management
a. Prepares, monitors, and manages budgets
b. Analyzes reimbursement practices for health providers
c. Monitor’s data and identifies deviations in financial performance
2. Market Analysis
a. Prepares and analyzes market data to segment and target sectors
b. Evaluates internal and external trends that may affect business decision-making
c. Uses qualitative methods to determine patterns and trends culminating in decision-making
3. Strategic Management
a. Facilitates and influences the development, implementation and ownership of mission, vision, goals, and plans
b. Uses strategic thinking tools, models, and methods to guide an organization
c. Project’s future scenarios and evaluates and concludes on optimal scenarios
4. Operations Management
a. Measures, tracks, and responds to the changing needs of the customer
b. Applies the basic concepts of management engineering, process improvement, and redesign of systems
5. Information Technology
a. Uses decision-support tools for information and knowledge management
b. Uses and manages relevant computer technology
6. Legal and Regulatory Environment
a. Displays knowledge of federal, state, and local policies and laws effecting the health care industry
b. Monitors and interprets the impacts of laws and regulations on the organization
c. Knowledge of health policy and its effect on providers, payers, and populations
7. Human Resource Management
a. Utilizes the resources and techniques of human resource management to maximize the organization’s investment in human capital
b. Analyzes organizational behaviors to achieve organizational goals
8. Economics
a. Applies the principles of economics and evidence-based techniques to inform decision-making in pricing, service demand, and risk
b. Uses economic modeling in strategic planning