This course is eligible for ACMPE and CEU credit.
Description
Essentials of Financial Management is part of the Essentials of Group Practice Management course.
A new or inexperienced practice manager may not have an understanding of how to develop a relationship with financial and insurance carriers; these relationships are critical to the practice's financial success. During this course, we will discuss the basics of creating a relationship with financial and insurance carriers.
Learn the essentials, including how to:
- Develop and implement the organization's budget to achieve organizational objectives
- Establish internal controls for cash management
- Implement and maintain a process for external financial audits
- Develop and implement revenue cycle management and accounts receivable management
- Analyze and monitor financial performance and report financial results to stakeholders
- Define the payroll process
- Choose and maintain the organization's banking, investment, and other financial relationships
- Develop relationships with individual insurance carriers to optimize contract negotiations and maintenance of existing contracts
Self-study course:
- Available for a year from the first time you log in to your course
- Choose your own schedule and pace
Engaging, up-to-date content to maximize learning:
- Multimedia, videos, and animation
- Interactive quizzes and real-life problem-solving scenarios
- Identification of learning gaps and additional resources to close those gaps
- The ability to take notes within the course platform and print for future reference
Who should participate?
- Members studying for the ACMPE certification exams
- New/Intermediate practice managers/administrators
