Body of Knowledge 3rd Edition Personal Inventory

Based on The Body of Knowledge for Medical Practice Management – 3rd Edition, the Personal Inventory is a tool to help you assess your current level of knowledge in the six domains that define the scope of responsibility of medical practice executives.

Each section of the personal inventory focuses on a different domain and includes a list of tasks for consideration.

Indicate your current level of knowledge by checking the appropriate box:

Operations Management

Design and implement a process improvement program

High Moderate Low

Analyze, develop, implement, and provide feedback on the strategic plan

High Moderate Low

Evaluate present needs, forecast future needs, and locate appropriate opportunities for purchasing and asset management

High Moderate Low

Develop, adapt, and maintain facilities to provide a high quality and safe environment

High Moderate Low

Identify, select, and utilize outsourced business services and external expertise

High Moderate Low

Identify, develop, and manage information technology

High Moderate Low

Develop and manage communications, marketing, and community relations plans

High Moderate Low

Establish, communicate, implement, and maintain productivity and compensation benchmarks for physicians and staff

High Moderate Low

Monitor physician conduct and performance expectations in coordination with the practice’s governing body

High Moderate Low

Financial Management

Develop, implement, and manage the revenue cycle

High Moderate Low

Manage Cash Flow

High Moderate Low

Manage accounts payable

High Moderate Low

Manage the payroll systems

High Moderate Low

Create and manage budgets

High Moderate Low

Manage the audit process

High Moderate Low

Human Resource Management

Create, implement, and manage a staffing plan

High Moderate Low

Direct and manage the retention of clinical and nonclinical staff

High Moderate Low

Manage systems, processes, and structure for training and development of clinical and non-clinical staff

High Moderate Low

Develop, coordinate, and implement staff compensation and benefit plans

High Moderate Low

Evaluate the performance of staff

High Moderate Low

 Organizational Governance

Facilitate the corporate legal structure and the governance for the organization

High Moderate Low

Integrate the corporate mission, vision, and values statement into the organization’s culture

High Moderate Low

Patient-Centered Care

Provide an environment to create, implement, and maintain care coordination processes that lead to the best patient outcome

High Moderate Low

Design, implement, and maintain quality initiatives and measurement activities

High Moderate Low

 Risk and Compliance Management

Create, implement, and maintain a risk management program to provide a safe environment

High Moderate Low

Develop, implement, and maintain policies and procedures to prevent or minimize the impact of adverse events

High Moderate Low

Develop, implement, and maintain a compliance program for federal and state laws and regulations

High Moderate Low

Comply with necessary accreditation and licensure requirements

High Moderate Low

  
 

 

 

 

 

 

 

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