Activity ID
2549Expires
March 31, 2026Format Type
InternetCME Credit
3.5Fee
$300CME Provider: American Association for Physician Leadership
Description of CME Course
Enroll in Principles of Financial Decision-Making to gain the skills and knowledge needed to navigate the economic side of health care. Become familiar with the basic principles of finance and understand the documents that reveal the fiscal health of an organization. By the end of the course, physician leaders will have covered strategies for managing costs and revenue in evolving payment systems.
Topics include:
• The economic pressures in the health care industry (and response to these pressures by health care organizations).
• The relationship between operating results and the financial health of an organization.
• The economics of managing the cost structure and revenue function of the operating budget process in volume-based and fixed-pay environments.
ABMS Member Board Approvals by Type
ABMS Self-Assessment Activity
Ophthalmology
ABMS Lifelong Learning CME Activity
Allergy and Immunology
Anesthesiology
Colon and Rectal Surgery
Family Medicine
Nuclear Medicine
Pathology
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
• Provide an overview of the economic pressures in the health care industry and responses to these pressures by health care organizations
• Explore the importance of the relationship between the operating results and the financial health of the health care organizations (i.e., the relationship between the Income Statement and the Balance Sheet).
• Review the economics of managing the cost structure and revenue function of the operating budget process in a volume-based and fixed-pay environments (i.e., bundled and capitated).
Keywords
finance, leadership, business skills
Competencies
Practice-based Learning & Improvement
CME Credit Type
AMA PRA Category 1 Credit
Physician Well-being activity
Organizational Culture of Wellness
Practice Setting
Physician Executives
Additional Information
National Quality Strategies
Efficient Use of Healthcare Resources
