The Practice Management Webconference & Audiocast Series
Analyzing the Financial Health of Your Practice
Available On-Demand 24 / 7 at Your Convenience

Introduction - The financial health of every surgical practice should be reviewed on a regular basis to ensure that the operations are efficient, effective and producing the maximum return on your investment in time, training and capital expenditures.   With ever declining reimbursements and increasing operating costs, surgeons must work longer and harder than ever before … in the hopes of keeping pace with previous financial results.  This course will help doctors and their office managers better understand the proper ways to analyze their current financial position and point them in the proper direction as to where changes can be made to improve operational and financial performance. 

This Practice Management Audiocast Presentation includes ...

• This Audiocast is of a recent Live Webconference presented by Economedix;
• Your registration fee covers the ability for you and your practice to view this presentation for one year along with various course handout materials;
• The ability for ACS Fellows and practice managers to e-mail follow-up questions to Economedix Practice Management Advisors for personalized responses;
• Co-Sponsors - The American College of Surgeons (ACS) and The Professional Association of Health Care Office Management (PAHCOM).

Course Objectives - Completion of this Practice Management Course will provide:

• Participants with a better understanding of the components of the their financial statements and how they interact;
• A pure definition of “Practice Overhead” will be reviewed along with the proper ways to calculate this key ratio;
• Participants will be exposed to other key financial ratios and learn how to calculate them for their practice;
• Key financial elements will be reviewed to how they relate to various operations within the surgical practice;
• Attendees will be given a “road map” to understand how changes in operations will positively effect performance.

Accreditation - The American College of Surgeons is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education to physicians.

Credits - The American College of Surgeons designates this educational activity for a maximum of 1.5 category 1 credits toward the AMA Physician's Recognition Award. Each physician should claim only those credits that he/she actually spent in the educational activity. PAHCOM has pre-approved this educational activity for 1 CEU towards the PAHCOM CMM designation. To earn the credit, participants must complete the combination Evaluation / CME - CEU Form, that is included in the course materials, and FAX this form back within seven days following the date of the teleconference.

Faculty - The faculty for the course is Mr. Tom Loughrey, MBA, CCS-P. Mr. Loughrey is Chairman of Economedix and a noted practice management consultant to physicians, medical offices and medical societies. For over a decade, Mr. Loughrey has provided consulting services to the College as a part of the Consultant’s Corner at the annual ACS Clinical Congress and regularly is engaged by ACS to speak and teach at meetings and workshops throughout the country.