This course will provide a solid understanding of business structures, pertinent legal documents in a medical practice setting, income tax considerations when employing professionals, independent contractor issues, evaluating a practice's performance utilizing management ratios, as well as an overview of cost concepts. In addition, information on the budget process is presented, equipment financing options are reviewed, and a series of sample financial management reports are also provided.

This module covers:

• Overview - Basics of Medical Practice Finance
• Introduction to Basics of Medical Practice Finance
• Forms of Doing Business
• Business Formats at a Glance
• Common Legal Documents
• Work Classification Status: Employee vs. Independent Contractor
• Practice Performance Ratios
• Understanding the Concept of Leverage
• Budgeting
• Equipment Financing Options
• Sample Financial Management Reports

This module will take approximately 3 hours to complete and consists of 32 pages.

3.0 hours COE credit

Bruce Maller - BSM Consulting

After you have completed reviewing the materials in this course, you will be ready to take the test. When you complete the test, press the submit button. Your test will be instantly graded and your score will be displayed. You will be able to print your course completion certificate as well.

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