Mastering the Basics of Health Care Finance

4 CME Credits— (InterAct Express)

Non Member Price: $275.00

Member Price: $200.00 - You Save $75.00

InterAct Express

Mastering the Basics of Health Care Finance
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Course Description

The ability to apply financial principles and concepts to decision making is crucial for physicians managing their own practice, organizational department, or group. This course provides the basics of budgeting, managing costs, reporting results, and some of the unique aspects of accounting for health care organizations.
Specifics include:
Planning for Success - creating meaningful budgets to meet your organization's upcoming needs
Understanding Costs - what, exactly, do things cost your organization? How can you analyze and manage those costs to improve your bottom line?
Capital Budgeting - developing long-term plans to support your capital needs, and understanding if the investment is a wise one
Reporting Results - understanding basic financial statements

Objectives

• To understand the basic definition of the three major financial statements - the balance sheets, income & cash flow statements.
• To understand the basics of generally accepted accounting principles.
• To learn the fundamental tools to evaluate financial status - cost management definitions and break-even analysis.
• To learn the basic principles for capital budgeting, including understanding of the time value of money.

Faculty

Steven Finkler, PhD

New York University

CME

4 CME Credits

Delivery

Video online

Purchase

Non Member Price: $275.00

Member Price: $200.00 - You Save $75.00