Financial Statements - Understand and Analyze

PROGRAM DESCRIPTION Financial decision making in your healthcare organization, no matter the size, has a major impact on the quality of care your patients receive. Before any decision can be ...

PROGRAM DESCRIPTION
Financial decision making in your healthcare organization, no matter the size, has a major impact on the quality of care your patients receive. Before any decision can be made, it is imperative to know what resources are available. Financial statements communicate this information to you. They provide actionable information, which you can use to take an active role in the decision making process. With this CME activity, you will acquire the skill of understanding and evaluating the financial inner workings of your organization or the organization you may soon be joining. Purchasing new equipment, hiring another physician, budgeting, resource allocation, it all begins here with the financial statements. Good decision making begins with sound financial information. Surprises are never good, especially when they concern the resources that you need to care for your patients.The video tutorial is divided into 20 – 30 minute segments to enhance the learning experience. It can be viewed on any smart device an unlimited number of times, 24 hours a day, 7 days a week.Go here to see other modules in The Business of Medicine Program.

EDUCATIONAL OBJECTIVES
After participating in the activity, the participant will demonstrate the ability to:Analyze a balance sheetAnalyze an income statementAnalyze a statement of cash flowAnalyze a statement of net assetsAnalyze an organizations financial health

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