(This activity has been approved for 2.75 AMA PRA Category 1 Credits™ )
DESCRIPTION
In the age of health care reform, where the funds needed to support health organizations are tight, careful attention needs to be devoted to the whys and hows of spending money. Business planning is vital to any health care enterprise. Everything from starting a practice, hiring a new provider, buying a piece of equipment, starting or adding to a service line requires careful planning in order to ensure success. Careful attention to business planning ensures that the proper decisions are made for the right reasons. With this foundation we will take you through the process of constructing a business plan that will hold up to the scrutiny of any business professional. Finally, you will be able to view and share in the evaluation of real business plans on adding a service line, hiring additional providers and purchasing new equipment, meant to hone your skills and reinforce your knowledge.
INTENDED AUDIENCE
This online course has been prepared for any individual who works as a healthcare provider. There are no prerequisites to participate.
FACULTY
Paul Gurny M.B.A. M.S. Managing Director, Essential Seminars for Physicians LLC., Senior Professional Instructor, Johns Hopkins Carey Business School
David Joyce M.D. M.B.A. Director of Educational Programs, Essential Seminars for Physicians LLC.
OBJECTIVES
After participating in this activity, participants will demonstrate the ability to:
- Interpret financial statements.
- Identify the accounting basics behind financial statements.
- Develop and manage budgets.
- Describe the power that money has and how to use it.
- Integrate business skills into sound business planning.
- Evaluate and prioritize business plans.
The video tutorial is divided into 20 - 30 minute segments to enhance the learning experience. It can be viewed on any smart device an unlimited number of times, 24 hours a day, 7 days a week.
Total viewing time (146:57)
Estimate time to complete the module and post-test 2.75 hours