“Assessing a Practice’s Financial Condition” provides a survey of financial concepts important in the evaluation of the financial condition of a medical practice. It provides an introduction to methods of analysis and key financial information generated from the following practice documents:
- Balance Sheet
- Income Statement
- Practice Management System Reports
“Financial condition” is similar to a patient’s health condition. It is a point in time evaluation, with historical context, yet provides some predictive ability if things remain the same. It does not however provide much information about the underlying drivers of the condition.
This course is one in a series of courses offered by CareerPhysician to provide you with valuable knowledge and skills that will give you an edge as you begin your professional career as a physician.