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Principles of Financial Decision Making

Enroll in Principles of Financial Decision-Making to gain the skills and knowledge needed to navigate the economic side of health care. Become familiar with the basic principles of finance and understand the documents that reveal the fiscal health of an organization. By the end of the course, physician leaders will have covered strategies for managing costs and revenue in evolving payment systems.

Topics include:
• The economic pressures in the health care industry (and response to these pressures by health care organizations)
• The relationship between operating results and the financial health of an organization
• The economics of managing the cost structure and revenue function of the operating budget process in volume-based and fixed-pay environments.

3.5 Total CME

30000
$300 Members save 15%

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Course Objectives

  • Provide an overview of the economic pressures in the health care industry and responses to these pressures by health care organizations.
  • Explore the importance of the relationship between the operating results and the financial health of the health care organization (i.e., the relationship between the Income Statement and the Balance Sheet).
  • Review the economics of managing the cost structure and revenue function of the operating budget process in a volume-based and fixed-pay environments (i.e., bundled and capitated).

Method of Participation

To complete this program successfully and claim credit, participants must follow these steps:

  • Read the educational objectives provided on the course summary page.
  • Attend the sessions or watch all the video lectures for this course (if applicable).
  • Read any course materials and complete any required activities.
  • Complete the course evaluation and post-test via your dashboard on the Association website. Successful completion of a given activity's post-test requires a minimum 75% passing score prior to claiming CME credit, with three attempts allowed.
  • CME certificates will be available for printing after claiming CME credit.
  • Estimated time for course completion is equivalent to the CME credit hours.

Key Dates

Original Course Release Date: June 2016

Course Expiration Date: June 2019

Access to Course Expires: 365 days from purchase date of course

 

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.

Cancellation Policy

Registrations are eligible for full refund or transfer to another course (that occurs within 12 months) for up to 72 hours after purchase. A $100 processing fee applies to cancellations or transfers after 72 hours but before 30 days have elapsed. Cancellations after 30 days from purchase date are not eligible for refund or transfer.

Registrations may not be transferred to another person at any time. All refunds will be issued to the original form of payment. Refunds or transfers are not available if testing has occurred or CME is claimed.

Through the American Board of Medical Specialties (“ABMS”) ongoing commitment to increase access to practice relevant Maintenance of Certification (“MOC”) Activities through the ABMS Continuing Certification Directory, Principles of Financial Decision Making has met the requirements as an MOC Part II CME Activity (apply toward general CME requirement) and/or an MOC Part II Self-Assessment Activity for the following ABMS Member Boards:

ABMS MOC Part II CME Activity

Allergy and Immunology
Anesthesiology
Colon & Rectal Surgery
Family Medicine
Nuclear Medicine
Pathology
Preventive Medicine
Psychiatry & Neurology
Radiology
Thoracic Surgery
Urology

ABMS MOC Part II Self-Assessment Activity

Ophthalmology

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