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Business Plans
Course Description
Health care organizations today are leery of investing money without fully understanding the likely return that will be earned on that investment or other benefits that will result from it. As a result, it is becoming more and more common for organizations to demand that a business plan document be prepared to justify the investment in new projects and ventures.
As a physician executive, it is essential that you have an understanding of what business plans are, the process of developing plans, the questions that business plans must directly address, the analytical tools that are employed in preparing a plan, and the way that the business plan document should be structured. This program will assist physician leaders in taking a leadership position is the development of business plans for new programs, projects, and ventures for existing organizations as well as for the development of entirely new businesses.
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Target Audience
This CME activity is intended for physicians and other health care leaders who to wish learn the process of developing and elements of a business plan. This is an elective course in the degree and certification prerequisite curriculum.
Formats
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Other topics include:
- Definition of what a business plan is and why it is needed
- The Business Plan Process
- Market Analysis
- Operational Strategy
- Organizational Structure
- The Financial Plan
- Analysis of Business Risks
- The Implementation Plan
- Creation of a High Impact Plan
- A wealth of business plan forms and templates covering all aspects of business plan development
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Course Objectives »
- To acquire familiarity of the reasons for developing business plans
- To demonstrate an understanding of the critical questions that business plans attempt to address
- To learn the key elements in the process of developing a business plan
- To demonstrate familiarity with basic parts of a business plan and the analytical tools that must be employed to develop a business plan
- To take a leadership role in the development of a business plan document
CME
InterAct Express (self study) - 5.5 CME Credits (Degree/CPE Prerequisite Elective)
Disclosure of Relevant Financial Relationships and Potential Conflicts of Interest
Consistent with ACPE CME policies, everyone involved in the development, management, presentation and evaluation of this CME activity has provided full disclosure information, and there are no relevant financial relationships with commercial interests to disclose.
Faculty Credentials
Steven A. Finkler, Ph.D., CPA
Professor Emeritus of Public and Health Administration, Accounting, and Financial Management
Robert F. Wagner Graduate School of Public Service
New York University
Method of Physician Participation
InterAct Express (self-study) - To earn CME credit, you must watch all the lectures for this course, and read the course materials and complete an online CME quiz. Estimated time to complete course- 5.5 hours.
Evaluation Method
Each ACPE CME activity includes an evaluation process to determine that the learning objectives have been met and that the activity was of educational value to the target audience and was unbiased. The evaluation also assesses whether or not the CME activity resulted in a change in physician practice behavior and offers participants a method of feedback.
Course formats and materials
InterAct Express (self-study): course video lectures and readings on the ACPE website only. Course text book included, website for lectures, readings, there is no online discussion or assignments for Express.
Interact Requirements
System: Microsoft Windows 2000 or later / Mac OS X v10.4 or later
Browser: Internet Explorer 6.0 or later / Safari 3.x or later / Firefox 3.x Windows.
(Firefox for Macintosh is NOT supported)
 Flash and Adobe Reader required.
Accreditation — The American College of Physician Executives (ACPE) is accredited by the Accreditation Council for Continuing Medical Education to provide continuing medical education for physicians.
Designation for InterAct Express— The American College of Physician Executives designates this enduring material for a maximum of 5.5 AMA PRA Category 1 Credit(s)™. Physicians should only claim credit commensurate with the extent of their participation in the activity.
Original Course Release Date (InterAct distance education only) — September 2007.
Course Review Date (InterAct distance education only) — April 2010.
Course Termination Date (InterAct distance education only) — April 2013.
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