The reality of today’s health care system is a constant struggle between cost and care — and physicians are increasingly the ones striving to balance the two. If you find yourself wondering how much is enough health care and where to land between doing more and worrying about cost-effectiveness, this is the course for you. We’ll help you tackle the fundamental economic dilemmas in health care head on.
You’ll learn how to interpret financial statements, identify high-performing hospitals and determine the real costs of choosing among care alternatives.
By looking at how costs behave (or don’t), you’ll be able to calculate a contribution margin, understand the concept of breaking even and determine the optimal action when demands for resources exceed availability — as they so often do. Real-life examples will test your ability to make decisions based on sound economic and accounting principles. This core* course involves hands-on work with financial spreadsheets: participants should have Excel installed on their laptop.
*Core courses have been identified as essential training for physicians interested in or engaged in a position of leadership.
Participants must have a cma.ca account to access the course through the Learning management system. Create one here.
This course can be customized and delivered in-house at your organization, meeting or conference to physicians and/or interdisciplinary teams.