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

DESCRIPTION

Financial decision making in your healthcare organization, no matter the size, has a major  impact on the quality of care your patients receive.   Before any decision can be made it is imperative to know what resources are available.  The financial statements communicate this information to you.  They provide actionable information which you can use to take an active role in the decision making process.   With this CME activity, you will acquire the skill of understanding and evaluating the financial inner workings of your organization or the organization you may soon be joining.  Purchasing new equipment, hiring another physician, budgeting, resource allocation, it all begins here with the financial statements.  Good decision making begins with sound financial information.  Surprises are never good, especially when they concern the resources that you need to care for your patients.

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 the activity, the participant will demonstrate the ability to:

• Recognize a balance sheet.
• Identify an income statement.
• Assess a statement of cash flow.
• Describe an organization’s financial health.

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     (56:50)

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