This comprehensive financial management course is fundamental and provides a solid understanding of key concepts and strategies for effective decision-making in independent practice settings and affiliated situations with hospitals and private equity.
Topics include simplified financial statements, revenue cycle intricacies, expense and overhead management, ratios and benchmarking, types of financing, accounting methodologies, and provider compensation. By exploring these areas, you'll gain the tools to evaluate your practice’s financial health, maximize revenue, control expenses, and optimize resource allocation. You'll also learn to interpret financial data, including accounting methodologies like cash versus accrual.
By the course's end, you'll possess the necessary skills to make informed financial decisions and contribute to the economic success of your organization. This initial course provides comprehensive education on various financial management processes, with the following courses available in the series drilling down on specific subsets.
Learning Objectives:
Demonstrate an understanding of financial terminology
Interpret the basic financial statements
Define and apply basic concepts of finance
Utilize basic financial analysis
Apply financial principles to make informed decisions
Disclosures
Planner Disclosure: The planners (American Association for Physician Leadership® staff) for this activity have no relevant financial relationships with commercial interests to disclose.
Faculty Disclosure: The faculty for this activity have no relevant financial relationships with commercial interests to disclose.
Accreditation
The American Association for Physician Leadership® is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing education for physicians.
Designation
The American Association for Physician Leadership® designates this enduring material for a maximum of 7 AMA PRA Category 1 Credit(s)™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
Maintenance of Certification
Successful completion of this CME activity, which includes participation in the evaluation component, enables the participant to earn up to: -
7 Medical Knowledge MOC points in the American Board of Internal Medicine's (ABIM) Maintenance of Certification (MOC) program; and
7 MOC points in the American Board of Surgery’s Continuous Certification (MOC) program.
The participant should inform AAPL by emailing Customer Service of their wish to obtain MOC, granting AAPL permission to report their learner data to ACCME for the purpose of awarding ABIM or ABS MOC credit
Key Dates
Original Course Release Date: July 31 2023
Registration Start Date: July 31 2023
Registration Close Date: July 31 2026
Course Expiration Date: July 31 2026
Access to Course Expires: 365 days from purchase date of course.
