Foundations of Orthopedic Practice Management: Finance Basics
Description
The financial health of the organization is affected by the actions of each member of the orthopedic team, from the physicians to the Advanced Practice Professionals to the administrative staff. Each person’s role touches practice finances in some way.
The Finance Basics module is the key to uncovering the finance fundamentals for orthopedic practices. From demystifying the versatile term "cash" in healthcare to honing financial management skills, this module isn't just about numbers; it's about acquiring the skill to make sound, calculated, and informed decisions that drive the success of your practice. With this knowledge, you'll be equipped to navigate the financial challenges unique to orthopedic practice management.
WHAT DOES DECONSTRUCTING FINANCE BASICS GET YOU?
Decode the Versatile Term "Cash" in Healthcare: Gain a comprehensive understanding of the role of cash in the unique context of healthcare, and discover how its management can be a strategic advantage.
Unearth the Art of Managing Finances: Learn the ropes of financial management to ensure that your staff is paid promptly and bills don't accumulate, safeguarding the financial health of your practice.
Master the Essence of Income, Expenses, and Benchmarking: Delve into the magic of benchmarking to position your practice among the best. Understand how income and expenses are interconnected, and harness this knowledge to keep your practice not only surviving but thriving.
Course Presenter
Olivia Wolf, MBA
Alaska Shoulder & Orthopaedic Institute
Olivia Wolf is an accomplished healthcare executive based in Anchorage, Alaska. She has distinguished herself through academic pursuits, acquiring an undergraduate degree in Leadership Studies and an Executive Healthcare MBA from Creighton University. With a rich healthcare career journey spanning back to high-school, Olivia's expertise has been honed in private practice administration, with the last 10 years being in orthopaedic practice administration. She currently holds the role of Director of Revenue Strategy at Southcentral Foundation. Olivia's professional repertoire is underscored by her profound knowledge in healthcare finance, revenue cycle management, and clinical operations.