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TIME: 1.5HRS
Finance: Accounting and Profitability
Fiscal Management and Budgets

Understanding and managing finances are important skills that a physician needs to keep a practice successful and functioning effectively, and to identify areas of weakness that may hinder financial health.

This course covers:

  • Key aspects of financial record-keeping and how to interpret basic financial statements, including balance sheets and income statements
  • Tax planning and managing accounts receivable
  • Requirements for a basic bookkeeping system and the best ways to track and maintain data
  • Using reports to manage your practice, and how to compare against benchmarks to interpret the practice's financial health
  • How to implement security for your accounting system, and how to set up internal controls to prevent theft
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3 CHAPTERS
Fiscal Management and Budgets
The key financial reports you'll need, and how to best use them to keep your practice profitable and identify problem areas.
START
Using Reports to Manage Your Practice
Using your financial data to identify growth opportunities and do tax planning that helps your situation.
START
Warning Signs of Financial Trouble Zones
How to recognize financial instability in your practice, and how to rectify the situation.
START
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Earn Medscape Academy Certificate
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ACADEMY CERTIFICATE EARNED
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This content will become available after you have completed the prior chapters.
AUTHORS
Judith N. Aburmishan, MBA, CPA, CHBC
Healthcare Practice Management Consultant, Chicago, Illinois
ABOUT
PHYSICIAN BUSINESS ACADEMY

Medscape Physician Business Academy is designed to help all physicians, employed and self-employed as well as new and more established practicing physicians, become successful in their medical practice and career by providing the essential business information that most medical schools and residency programs don't teach.

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COURSE BENEFITS

BY COMPLETING 8 COURSES YOU WILL RECEIVE A CERTIFICATE OF COMPLETION. AFTER COMPLETING EACH COURSE, YOU’LL RECEIVE A LETTER OF COMPLETION.

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PHYSICIAN BUSINESS ACADEMY CERTIFICATE
Medscape Physicians Business Academy course content is provided for educational and information purposes only. If you have particular questions or concerns relating to your practice you should consult the appropriate legal, financial or other expert.
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