Basic Financial Management for Medical Practices​

This one-day skill-building participant-centered workshop is designed to help business owners and their staff will learn: the importance of a good financial record-keeping system; the value of income statements, balance sheets and cash flow statements; and the relative advantages and disadvantages of different external financing options so that they can maintain a positive financial situation.
The participants: assess their current financial record-keeping systems; discuss the components of an effective financial record-keeping system; identify the financial records their businesses should keep; explain the purpose of different financial documents; analyze an income statement; determine the value of a balance sheet; review a cash flow statement; plan questions to ask their bookkeeper/accountant on a regular basis; address objections to borrowing money; define and distinguish internal and external financing options; debate the pros and cons of different financing options; and assess how to meet funding needs.