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
- Practice Managers
- Accounting Managers
- Finance Directors
- Budget Directors
- Clinic Owners
- Analysts in Professional Medical Practices (both Independent and Hospital Affiliated)
- Healthcare Administration and Public Health Students
• Practice Managers
• Accounting Managers
• Finance Directors
• Budget Directors
• Clinic Owners
• Analysts in Professional Medical Practices (both Independent and Hospital Affiliated)
• Healthcare Administration and Public Health Students