American Association for Physician Leadership

Advanced Financial Decision Making

Available dates

On demand
Online
USD 630

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with American Association for Physician Leadership.

Full disclaimer.

About the course

Physician leaders cannot dismiss the importance of finance in strategic decision making. Consequently, applying financial principles can aid the process and result in improved patient care. Become a stronger physician leader by understanding how to apply flexible budgeting and alternative cost-allocation techniques and improving productivity and profitability.

Find new ways to control operating costs resulting in improved management decisions.

Prerequisite: Techniques of Financial Decision Making

Topics include:

  • Alternative cost allocation techniques
  • Limitations of the Internal Rate of Return (IRR) technique
  • Control operating costs
  • Flexible budgeting during uncertain times

Course Objectives

  • Develop cash budgets based to manage identified cash flow lag situations
  • Utilize the technique of flexible budgeting for planning where future patient volumes are uncertain
  • Describe the limitations of the Internal Rate of Return (IRR) technique for evaluating capital acquisitions and its application
  • Contrast the pros and cons of leasing versus other forms of long-term financing in order to lease or buy appropriately
  • Define trade credit and the process of computing the implicit interest rate related to its use
  • Use advanced variance analysis techniques to control operating results
  • Describe fund accounting and the major types of funds used by health care organizations
  • Explore the parts of a cash flow statement and how this information is used to make management decisions
  • Assess the financial health of a health care organization by financial analysis techniques using a case study

Method of Participation

To complete this program successfully and claim credit, participants must follow these steps:

  • Read the educational objectives provided on the course summary page.
  • Attend the sessions or watch all the video lectures for this course (if applicable).
  • Read any course materials and complete any required activities.
  • Complete the course evaluation and post-test via your dashboard on the Association website. Successful completion of a given activity’s post-test requires a minimum 75% passing score prior to claiming CME credit, with three attempts allowed.
  • CME certificates will be available for printing after claiming CME credit.
  • Estimated time for course completion is equivalent to the CME credit hours.

Course reviews