This course is designed to provide the ophthalmic practice administrator and financial management team practical information to implement a comprehensive budget. Cost management concepts are introduced as an adjunct in order to maximize their use in evaluating the most common strategic opportunities facing the practice. Methodology for forecasting revenue and expense is discussed in detail.

This module covers:

• Introduction
• Overview of Budget Planning
• Cost Management
• Understanding Cost Behavior
• Cash vs. Accrual Methods of Accounting
• Developing the Practice Budget
• Forecasting Revenue
• Cost Analysis and Forecasting Expenses
• Budgeting Capital Expenditures
• Presenting the Budget
• Monitoring Actual Results to Plan

This module will take approximately 3 hours to complete and consists of 24 pages.

3.0 hours COE credit

Bruce Maller and Lisa Peltier - 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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