Financial Basics for Medical Practice Owners: Understand Costs and Profitability in Your Medical Practice​

This one-day skill-building participant-centered workshop is designed to help health practice owners learn that they need to notice and manage their costs if they want their practices to be profitable. Participants: explain the difference between costs and expenses; describe the two types of costs; analyze costs and cost drivers; discuss how to control costs; define profit; assess how cost adjustments can affect profitability; and explain how to conduct a cost management audit.