Activity ID
3038Expires
March 31, 2026Format Type
InternetCME Credit
7.0Fee
$536 - $630CME Provider: American Association for Physician Leadership
Description of CME 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
ABMS Member Board Approvals by Type
ABMS Lifelong Learning CME Activity
Allergy and Immunology
Anesthesiology
Family Medicine
Medical Genetics and Genomics
Nuclear Medicine
Physical Medicine and Rehabilitation
Preventive Medicine
Psychiatry and Neurology
Radiology
Thoracic Surgery
Urology
Commercial Support?
NoNOTE: If a Member Board has not deemed this activity for MOC approval as an accredited CME activity, this activity may count toward an ABMS Member Board’s general CME requirement. Please refer directly to your Member Board’s MOC Part II Lifelong Learning and Self-Assessment Program Requirements.
Educational 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
Keywords
Leadership
Competencies
Practice-based Learning & Improvement
CME Credit Type
AMA PRA Category 1 Credit
Physician Well-being activity
Efficiencies in Medical Practice
Practice Setting
Physician Executives
