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Healthcare Finance and Business Planning for Board Members

For Physician and other non-business based Board Members

People sit on the Board of Directors of Healthcare Organizations for many reasons. While some have great business acumen, Surgeons, Physicians, Clergy, Ethicists, and community representatives may have less financial expertise. These videos, made available to our following in collaboration with Essential Seminars for Physicians, ES4P, provides a good introduction. The information provided should help Board Members of Hospitals as well as group practices and Department Chairs make good financial decisions and be good stewards of their organization's resources..

This video will provide the basic business skills to: • Understand financial statements

  • Understand the accounting basics behind financial statements
  • Evaluate and create budgets
  • Understand the power that money has how to use it
  • How to integrate these skills into sound business planning
  • How to evaluate and prioritize business plans

With this foundation we will take you through the process of constructing a business plan that will hold up to the scrutiny of any business professional. Finally you will be able to view and share in the evaluation of real business plans on adding a service line, hiring additional providers and purchasing new equipment, meant to hone your skills and reinforce your knowledge. The video tutorial is divided into 20 - 30 minute segments to enhance the learning experience. It can be viewed on any smart device an unlimited number of times, 24 hours a day, 7 days a week.



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