Foundations of Strategic Product Budgeting

8:30 a.m. – 4:30 p.m. Tuesday, June 4
8:30 a.m. – 4:30 p.m. Wednesday, June 5

8:30 a.m. – 4:30 p.m. Tuesday, August 27
8:30 a.m. – 4:30 p.m. Wednesday, August 28
(Note: you must commit to both full days to secure your registration)

EPSi Headquarters
16090 Swingley Ridge Road #600
Chesterfield, Missouri

Course Description

This workshop provides a detailed overview of Strategic Product Budgeting with an emphasis on integrating the long range financial planning process with annual operating budget development.

Register now. Attendees must register one week in advance of the course. Spaces are limited and registrations are completed on a first come, first serve basis. Attendees must be present for the duration of the onsite course. Once we confirm your registration, you will receive a confirmation email with details on hotel accommodations and transportation. As a service to our valued clients, there is no charge to attend this session.

Lunch, sodas, coffee, and snacks included. We have a special corporate rate at a nearby hotel that includes shuttle service to and from the EPSi offices.

Questions? Email us at


Keith Bakowski, Expert Implementation Consultant
Keith has been with EPSi since 2011. He has 21 years of healthcare finance experience working at a variety of healthcare organizations. Being a former client, Keith has familiarity with all EPSi modules and currently specializes in consulting, value added services and implementations related to Strategic Product Budgeting – SPB and Enterprise Budget Manager – EBM.

Albert Safar, Associate Consultant
In his prior role, Albert served as a consultant in the life sciences. He is currently leveraging his experience from Big Pharma to deliver EPSi’s strategic budgeting and financial forecasting solutions to the healthcare industry.

Darren Cook, Senior Consultant
Darren has worked in healthcare finance at multiple healthcare organizations over a span of 30 years. In his role of Senior Consultant, Darren’s focus is on delivering consulting services for Strategic Product Budget (SPB), Product Line Analyst (PLA) and Enterprise Budget Manager (EBM) clients.

Nezar Ahmed, Associate Consultant
Nezar’s experience within the healthcare industry has been focused on improving financial and operational processes. He has had previous experience at Robert Wood Johnson where he focused his effort on productivity, developing efficient staffing models, identifying inefficiencies in corporate business models, and spearheading cost reduction initiatives.



  • Assign User Privileges for SPB Administrators

SPB Model Setup

  • Establish a Strategic Product Budgeting model
  • Setup account category assignments
  • Create payor group definitions
  • Map activity charge codes to G/L revenue and statistic accounts
  • Establish patient type assignments by product


  • Establish a utilization profile
  • Create a case forecast
  • Forecast non-activity based accounts

Net Revenue Modeling

  • Establish net revenue modeling
  • Apply charge increases

Balance Sheet, Cash Flow and Ratio Analysis

  • Forecasting the Balance Sheet
  • Setup Cash Flow Statement and Ratio Analysis
  • Model new facilities, physicians, and products

Integration with the Operating Budget

  • Transfer Strategic Product Budgeting information to Budget Manager
  • Setup and review Product Line Variance Reporting

Register Now

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