Activity ID
2846Expires
September 17, 2024Format Type
InternetCME Credit
1Fee
$0CME Provider: Massachusetts Medical Society
Description of CME Course
It is increasingly important for physicians to understand how to read financial forms to effectively lead in this challenging health care environment. However, finance and business courses are not typically offered in medical school and residency programs. This online CME series will help identify key components of a balance sheet, an income statement and introduce financial ratios, explain the differences between cash and accrual accounting and why it matters and review the concepts of payer mix and payer lag and why they are important for cash flow purposes. To earn CME credit, watch the videos and download and read the supplemental article.
This series was developed in collaboration with the Massachusetts -Rhode Island Chapter, Health Care Financial Management Association ( HFMA).
ABMS Member Board Approvals by Type
ABMS Lifelong Learning CME Activity
Allergy and Immunology
Anesthesiology
Colon and Rectal Surgery
Family Medicine
Nuclear Medicine
Physical Medicine and Rehabilitation
Plastic Surgery
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
Identify how best to read a balance sheet, an income statement and financial ratios and what key questions to ask when reviewing these document.
Recognize and understand the differences between cash and accrual accounting.
Become familiar with the concepts of payer lag and payer mix in order to successfully manage cash flow.
Keywords
Practice Management
Competencies
Practice-based Learning & Improvement
CME Credit Type
AMA PRA Category 1 Credit
Physician Well-being activity
Efficiencies in Medical Practice
Practice Setting
Inpatient, Outpatient, Physician Executives, Rural, Urban
