Budgeting and Forecasting Physician Practices with Ease and Quality

MentorHealth
Date: Wednesday September 11, 2019
Time:

10:00 AM PDT | 01:00 PM EDT

Duration: 60 Minutes
Instructor: Trey Malone
Webinar Id: 801775
22 Days Left To Register

 Live 

$139.
One Attendee
$299.
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Recorded

$179.
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$379.
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This webinar will teach you which areas to focus the majority of your time and effort in order to achieve the best results, and you will learn Brief overview of Operating Budget uses, How to make great Assumptions in your Budgets and Forecasts, And Tips on how to present your Budget to Stakeholders with Confidence.

Overview:

Strong budgeting and forecasting is about getting the fundamentals right. This webinar will teach you which areas to focus the majority of your time and effort in order to achieve the best results.

Examples of high-quality detailed volume and physician compensation templates will be shown in order to illustrate the level of detail necessary to create a budget you will not be nervous to show your boss, banks, corporate office, or partners.

The strategies presented can be used with great success in groups with hundreds of physicians, as well as single physician practices. The methodologies can be applied to annual operating budgets, internal forecasts, or forecasts meant to be shared with potential partners, investors, and financiers.

The level of detail these processes provide instill confidence and demonstrate the competence of the person who uses them. Do not miss this opportunity to save yourself time and create better budgets and forecasts. A one-hour webinar can change the course of your career.

Why should you Attend: Mistakes in the operating budgeting process are embarrassing, and can cause stress for the entire fiscal year. When you cannot answer questions regarding the assumptions underlying the budget, it leaves the impression you are not the right person for your position. Both mistakes and ill-defined assumptions are symptoms of a budget lacking in detail.

The good news is, it is far easier to create a detailed budget with clearly defined assumptions than a budget that lacks clarity and depth. I can show you the easiest way to build detailed budgets and forecasts for your physician practice that you aren't nervous to show your boss, banks, corporate office, or partners.

Areas Covered in the Session:

  • Brief overview of Operating Budget uses
  • Various base Period Methodologies
  • Examples of Templates that save time and Guarantee Excellent Attention to detail
  • How to make great Assumptions in your Budgets and Forecasts
  • Step by Step Directions for Budgeting Volume (the most important component of the Budget)
  • Tips on how to present your Budget to Stakeholders with Confidence

Who Will Benefit:
  • Practice Managers
  • Controllers
  • Accounting Managers
  • Finance Directors
  • Budget Directors
  • CFOs
  • Administrators
  • Clinic Owners
  • Managers
  • Analysts in Professional Medical Practices (both Independent and Hospital Affiliated)
  • Healthcare Administration and Public Health Students
  • Interns

Speaker Profile
Trey Malone has dedicated his career to understanding the intricacies of healthcare finance and teaching others how to understand the subject. He is able to adapt his language and terminology to explain complex issues to clinical and operational leadership, executive leadership and accounting and financial staff by meeting the students where they are in their knowledge of healthcare finance.

Trey has led decision support as well as operational departments in healthcare, and currently works with clinical and operational leaders, those who aspire to be in healthcare leadership, and healthcare administration students to build their healthcare finance and analysis skills in order to prepare them for the financial responsibilities of leading their departments and organizations.


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