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Succeed in the Adverse Medical Economy

 

Author/Presenter:             

 

Length of Program:           120 minutes

 

Course Description:  Although there is adverse pressure on the medical economy, many organizations are proving that it is still possible to make a profit.  By understanding the basic economic models used by management, clinical staff can identify and seize opportunities for increasing profits.

 

 

Content for the program will include the following:

  • An insider view of management’s lingo and how to translate it into terms that clinicians understand,

  • The laymen’s insight into the basic cost approaches used by financial officers,

  • Details of how to analyze a care-based project to translate it into words that motivate management to “buy” your approach,

  • Practical examples of projects that work and how to demonstrate the value of them for both the clinical and management staff.

 

Target Audience: 

Directors and managers of clinical care departments

 

At the conclusion of this program, participants will be able to:

  1. Explain the relationship of gross revenues to profits, net profits, and net-net profits

  2. Identify the elements of fixed and variable overhead and their concrete relationship to the quality of care and real profit

  3. Design clinical approaches to realize actual profits

 

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