Assessing Medical Practices
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In this 2nd course of the Healthcare Provider Analysis Skill Series, participants will examine ratio and cash flow analysis for medical practices, considering location, payer mix, technology impact, management capabilities, capitation benefits and limitations, and the
Certificate
1 credit or $295
Cost
1.5 - 2 Hrs.
Duration
1 hr.
Prep Time
1
Quiz
Overview
Participants examine the role of ratio and cash flow analysis in assessing medical practice financial performance. They explore the importance of location and the associated payer mix. They address the issues of technology and the costs and benefits to a medical practice's bottom line from implementation of specific technology requirements. In addition, Participants examine the importance of management capabilities in a highly regulated industry. They review the benefits and and limitations of capitation. Further, they assess the extent to which the healthcare industry is subject to continuous changes and alterations to payment patterns and performance measures that impact bottom line performance.
Who Should Take This Course
This Course is ideal for participants currently in or aspiring to enter the following job functions:
- Credit Management
- Commercial Credit Administration
- Commercial Real Estate Administration
- Commercial Loan Administration
- C & I Lending
- Corporate Lending
- Non-Profit Lending
- Special Assets
- Non-Profit and Municipality Lending
- Health Care Provider Lending
- Credit Analysis
- Loan Support
Prerequisites
Familiarity with accrual financial statements, common performance ratios, and a sound working knowledge of the construction and use of the Uniform Credit Analysis (UCA) cash flow statement.
Objectives
By the end of the webinar, participants will be able to:
- Explain why ratio and cash flow analysis are as applicable in assessing medical practices as they are in assessing any commercial business.
- Explain why location and associated payer mix are critical drivers in establishing medical practice financial performance.
- Assess the role that technology and billing competence play in shaping the financial performance of medical practices.
- Assess the benefits and limitation of capitation and the role it can play in shaping the financial results of medical practices.
- Explain why management competence is essential, and becoming more so, to short and longer term survival and financial performance of medical practices.
- Understand that the health care industry is highly regulated in which the dominant client - the U.S. government - is also the regulator that continuously alters and amends standards and requirements, usually as a result of Congressional legislation, that shape the financial results of medical practices.
Materials(access provided with registration)
- Credit Refresher on Assessing Medical Practices
- Healthcare Industry - Terms and Concepts
- "Capitation" (from the American Medical Association)
- "Capitation Models" (from Health Care Incentives)
- "Understanding Capitation" (from the American College of Physicians)
- Call Report for the Cardiology Medical Group, which includes the financial statements for the group
- Exercise for the Webinar
- Webinar Presentation Slides
- Webinar Poll Questions
- Webinar Poll Solutions
- Exercise Solutions
This is Course 2 of 2 in the Healthcare Provider Analysis Skill Series
Assessing Hospital Financial Performance
Assessing Medical Practices
