Dollars and sense

Gain the knowledge you need to successfully navigate financial and economic decisions related to your practice.
Course description

Physicians regularly face decisions that involve understanding funding, financial implications and economic tradeoffs.  However, these topics are rarely covered in medical school―leaving many physicians puzzled about how money works once they enter the workforce.

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

  • “What are these financial statements telling me?”
  • “How is the financial health of my hospital or health authority?”
  • “What are the working capital needs of my practice?”
  • “How do I critically interpret a seemingly glowing economic evaluation of a new drug?” 
  • “How do I identify and assess the financial implications of buying new equipment or adopting a novel therapy?”

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;
  • 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

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Format

Online (6 weeks)

Please note: you must have a cma.ca account to access our learning management system. Create one here.

Computer requirements

Faculty Team
Academic Degree
PhD
Academic Degree
PhD

Face-to-face

Duration
2 days

In-house

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