This session will consist of a review of fiscal management. We will touch on basics such as understanding financial statements, fundamental accounting equations, financial ratio analysis, and budget preparations. But we will not be limited to basics. After all, what would fiscal management be without forecasting for future business, developing of a strategic plan for your department, or creating business plans? The next areas for review will be generating revenue with proper coding, billing, payor sources, pricing, and collection. Attendees will get an understanding of the expected information that will be in the domain of fiscal management on the CRA exam.
Learning Objectives:
Review the domain of fiscal management as it relates to radiology administration.
Understand financial principles used in day-to-day operations.
Understand budgeting, productivity and planning for the future.