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“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:
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How do you find the ideal practice position? How do you identify the opportunities that are a good fit with your skills and personal goals?
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One of the things you’re probably looking forward to as you complete your medical training is a decent paycheck. It’s easy to think that your money worries will be over and that you’ll always have enough to do everything you want to do.
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Whether you’re just starting your practice as a new physician, joining an established Group, or considering buying or selling a practice, understanding the financial underpinnings of the business is crucial to your ability to make good business decisions.
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Risk Management is a systematic effort aimed at identifying, analyzing, controlling and funding for the risks associated with accidental losses. In “Risk Management and Medical Malpractice” we’ll cover:
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Is there such a thing as a “born leader?” Well, maybe there is, but most people who are successful in leadership positions will tell you that there’s a lot to learn.
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Throughout this course, you’ll be introduced to the terms, concepts and methodologies used to generate a financial valuation of a medical practice. You should complete this course with a better understanding of why it is important to accurately value a practice and the steps you’ll need to take to generate a solid practice valuation.
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If you’re like most new physicians just starting their careers, you’re probably feeling acutely aware that your medical training is not adequate preparation for your entry into the business side of medicine.
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One of the biggest decisions you will make as you complete your medical training is likely to be joining a medical practice. If you’re like most medical students, however, you’re probably not prepared to effectively distinguish an outstanding opportunity from a mediocre or even an undesirable one.
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