Physician in Management Seminar (PIM)-Finance

7 CME Credits - 1 Day (Live Program)

Non Member Price: $335












Member Price: $320- You Save $15

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Live Program

Physician in Management Seminar (PIM)-Finance

Course Description

Learn key financial concepts and basic economic principles that will earn you respect from administration and admiration from clinicians.

  • Blow away the smoke when dealing with CFOs and accountants.
  • Interpret financial statements-they don't say what you think they say.
  • Discover what costs are really relevant for decision-making.
  • Create cost and payment structures that work to your advantage.
  • Learn why you can make a profit and still go out of business-and how to avoid it.

Objectives

  • Distinguish among the general types/areas/levels of fiscal management.
  • State the basic differences between accrual and cash concepts.
  • Explain the basic characteristics of income statements and balance sheets.
  • Identify payment mechanisms' differential incentives.
  • Explain basic cost and revenue structures.
  • Describe the trade-offs between fixed and variable costs.
  • Define "contribution margin."
  • Enumerate pitfalls in making decisions using average cost.
  • Explain the broad distinctions between the fiscal disciplines of accounting and finance.
  • Describe the conceptual components of a required rate of return.
  • State why accounting profit is not sufficient as a measure of economic success.

Faculty

Hugh Long, MBA, PhD, JD

Tulane University


CME

7 CME Credits (Graduate Degree Section 1 Elective)


Delivery

Live Progam see below for dates and locations


Disclaimer

The faculty may change the order according to their teaching preference.

Purchase

Non Member Price: $335











Member Price: $320- You Save $15

Please select a date:




 

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