(This activity has been approved for 1.25 AMA PRA Category 1 Credits™)

DESCRIPTION

Whether you are in a leadership role or a physician going to work every day and caring for patients, you still are subject to a budget.  Budgets are created in order to plan how your organization’s assets are used to do the job.  Budgets affect what types of services your organization will offer.  They affect how much of it is provided.   Budgets have a direct impact on your ability to care for your patients.   Understanding the budget, knowing how to change it as conditions change using the language of finance, and insuring that you stay within your budget is every provider’s responsibility.

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, the participant will demonstrate the ability to:

• Identify the accounting skills behind the budget numbers.
• Discuss budget planning.
• Describe variance analysis.
• Describe budget implementation.
• Recognize the power of the budget.

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     (59:01)

Estimated time to complete the module and post-test     1.25 hours