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Review materials for the Certified Materials & Resource Management (CMRP) Examination include the CMRP eLearning Course. This module of the course covers the Finance portion of the exam. 
Learning Objectives:
  • Examine how managing fixed non-movable equipment and grouping together similar capital equipment by type or manufacturer, is an effective strategy to affect cost savings. 
  • Become familiar with your organization’s budgeting components and process 
  • Assist in preparing and analyzing pricing and usage information, budget variances, annual objectives and recommendations, and non-labor budgetary expenses.
  • Explain the importance and significance of government regulations to supply chain operations
  • Explain the need for records retention policies and identify the various document retention and filing systems in accordance with regulatory requirements. 
  • Describe how supply chain, accounts payable, and finance departments work together effectively.
  • Explore the impact of reimbursement and payer models have on a healthcare organization’s revenue cycle.
  • Describe how to develop and manage cost savings programs, capital equipment selection, technology assessment, equipment service maintenance, and consumable product evaluation via value analysis. 
  • Recognize the importance of developing a capital asset management program including financial analysis and selection, acquisition, receipt, distribution, tracking, maintenance, and replacement. 
  • Recognize the importance and value of using financial benchmarks for decision making regarding products and services.