Dollars and sense

Get the knowledge you need to navigate financial and economic decisions.
Course description

Physicians regularly face decisions that involve understanding funding, financial implications and economic trade-offs. However, these topics are rarely covered in medical school―leaving many physicians puzzled about how money works. 

This Physician Leadership Institute course demystifies accounting and economics, equipping you to answer a wide variety of questions at the decision-making table such as:

  • “What is this financial report telling me?” 
  • “Just how precarious is the financial condition of my hospital or health authority?” 
  • “How do I interpret a seemingly glowing economic evaluation of a new drug critically?”  
  • “How do I economically justify the case to buy new equipment or adopt a novel therapy?” 

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.

*Dollars and sense is 1 of 6 core courses ― essential training for physicians interested in or engaged in a leadership position.

Expect to learn how to:

  • comfortably use economic evaluation and financial concepts when making decisions involving money;
  • easily interpret information on the cost of providing care at your facility;
  • bring your clinical expertise to discussions involving financial and economic matters; and
  • actively engage in funding and spending decisions.
     

Who is this for?

Any physician who has wondered where the money comes from, where it goes or the tradeoffs that happen along the way. Since every leadership decision has economic implications, this course is beneficial to physician leaders in any role―those experienced, novice or aspiring.

Online

May 6-7, 2021

Duration:
2 days
10:00 am–5:00 pm ET each day

Faculty Team
Academic Degree
PhD
Academic Degree
PhD

Please note: you must have a cma.ca account to register and access our CMA Joule learning portal. Create one here (membership not required).

In-house

This course can be tailored and delivered in-house* to physicians and/or interdisciplinary teams in your organization, at your meeting or at your conference.

*Due to the ongoing COVID-19 pandemic, courses will be delivered virtually until further notice.