Physician in Management Seminar (PIM)-Finance

7 CME Credits- (InterAct Express)

Non Member Price: $320.00

Member Price: $305.00 - You Save $15.00

InterAct Express

Physician in Management Seminar (PIM)-Finance

Course Description

An introduction to basic economic principles and their "real-world" application in managing today's health care organizations.

• Blowing away the smoke when dealing with CFOs and accountants.
• Essential economic and financial tools for physicians in leadership.
• Interpreting financial statements-they don't say what you think they say.
• Discover what costs are really relevant for decision making.
• Creating cost & payment structures that work to your advantage.
• You can make a profit and still go out of business-learn why and how.

release date: 05/02

Objectives

• To distinguish among the general types/areas/levels of fiscal management.
• To state the basic differences between accrual and cash concepts.
• To explain the basic characteristics of income statements and balance sheets.
• To identify payment mechanisms' differential incentives.
• To explain basic cost and revenue structures.
• To describe the trade-offs between fixed and variable costs.
• To define "contribution margin."
• To enumerate pitfalls in making decisions using average cost.
• To explain the broad distinctions between the fiscal disciplines of accounting and finance.
• To describe the conceptual components of a required rate of return.
• To state why accounting profit is not sufficient as a measure of economic success.
• To hear actual career stories of experienced physician executives.

Faculty

Hugh Long, MBA, PhD, JD

Tulane University

CME

7 CME Credits (Graduate Degree Section 1 Elective)

Delivery

Video on CD

Purchase

Non Member Price: $320.00

Member Price: $305.00 - You Save $15.00