Medical Group Management Association
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Certificate Program: Financial Reporting and Budgeting – on demand

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Benchmarking & Forecasting

Data Analytics & Reporting

Member Price: $149.00Non-Member Price: $180.00
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SKU: CERTFM03

Overview

The certificate program consists of two hours of educational content. This education is eligible for ACMPE and CEU credit.

While this is a standalone certificate program, it is also included as one of the four sub-components of MGMA’s Financial Management Certificate (FMC) and credential program.

Financial health is paramount to ensuring the long-term success of a practice, but where to start? Reporting and managing financials can be daunting, especially for those who don’t have a background in accounting or finance. This online event will teach you basic financial management principles and equip you with processes and best practices to measure, report, analyze and forecast financial performance. The program also explores how to best leverage technology (e.g., software and systems) to make financial reporting easily accessible to healthcare leaders. 
  • Session 1: Budget Creation and Management 
  • Session 2: Financial Reporting      

This certificate program will provide you with the knowledge to: 
  • Produce budgets and forecasts 
  • Manage financial reports 
  • Apply strategies that make your practice audit-ready 
  • Demonstrate the impact of corporate taxes on your practice 

ACMPE Certificate Approved Seminar   
 
Completion of this program is exclusively eligible for the Financial Reporting and Budgeting Certificate through the certifying body, the American College Of Medical Executives (ACMPE). Certificates are widely accepted throughout the industry, proving completion and understanding of topic or skill-specific courses. 

Learn more about ACMPE Certificates

ACMPE: 2

CEU: 2


Continuing Education Information

Delivery method: Self-paced study | Internet Activity Enduring Material
Learning level: Intermediate - Education that builds on a basic curriculum, designed to improve your ability to analyze and apply skills learned to a topic or knowledge area. 
Learning format: Interactive       
Prerequisites: A basic understanding of the topic or knowledge area. 
Advance preparation: None 
Duration: 120 minutes 


Certificate Program Series Maximum clock hours 
ACMPE: 2 | CEU: 2


Claiming Credit:  
If you wish to claim continuing education credit and the certificate of completion, you must pass the associated exam required by the accrediting organizations. Registration for the exam is included in the certificate program. 
  • ACMPE, medical practice administrators in certification and Fellowship through ACMPE 
  • CEU, generic continuing education unit  
 
American College of Medical Practice Executives (ACMPE) 

This program is approved for ACMPE continuing education hours. A cumulative total of 50 ACMPE continuing education credit hours is among the requirements for attaining the Certified Medical Practice Executive (CMPE) credential. To maintain CMPE or Fellow status, you must earn 50 hours of qualifying credit hours every three years, of which 30 hours must come from MGMA national, state or local offerings, including 12 from a live learning event. 

Learn more about the ACMPE certification program.  

One ACMPE credit is earned for every 60 minutes of educational content, rounded down to the nearest 0.25. 


Continuing Education Units (CEU) 

A certificate of attendance will be provided to healthcare professionals requesting generic CEUs for professional development, certifications through other professional associations or specialty societies.  
 
One generic CEU credit is earned for every 60 minutes of educational content, rounded down to the nearest 0.25. 
Session 1: Budget Creation and Management 
Brett McCallon, Sr. Director, Finance & Analytics, MGMA 

This session will cover the importance of budget creation and budget management as it pertains to medical practices and leaders. The speaker will also discuss the basic tools and processes healthcare leaders use in developing and managing budgets.   

 
Session 2: Financial Reporting 
Steven K. Sinclair, CPA, CMPE, Chief Financial Officer, Graves-Gilbert Clinic 
 
Reporting and managing financials can be daunting, especially for those who don’t have a background in accounting or finance. This session will teach you basic financial management principles and equip you with processes and best practices to report, analyze and forecast financial performance. 

 
Part III: Audit Management 
Steve Sinclair, CPA, CMPE, Chief Financial Officer, Graves-Gilbert Clinic  

During this session, medical practice CFO Steve Sinclair will cover the many aspects related to accounting systems and audit management so you can better produce the financial statements that tell the full story of your practice’s bottom line. 
 

Part IV: Corporate Tax Reporting 
Steve Sinclair, CPA, CMPE, Chief Financial Officer, Graves-Gilbert Clinic  

In this session, Steve Sinclair will provide you with insights on the impact of corporate taxes on your practice. In addition, Sinclair will offer processes and best practices to implement for corporate tax reporting.  
 
Session 1: Budget Creation and Management 

Brett McCallon

Brett McCallon

Director of Finance, MGMA

Brett McCallon is Director of Finance for MGMA and specializes in financial planning & analysis (FP&A) and general analytics. Brett’s passion is providing data-driven insights to business leaders and operators that allow them to make more-informed strategic decisions. Brett believes that a robust finance and accounting function can add value far beyond just financial reporting and compliance. Prior to joining MGMA, Brett spent seven years in a Fortune 500 healthcare setting, performing a variety of roles, including FP&A, analytics and internal consulting, where his contributions helped generate tens of millions of dollars in value through cost management and efficiency initiatives.  



Session 2: Financial Reporting  

Steven K. Sinclair

Steven K. Sinclair, CPA, CMPE

Chief Financial Officer, Graves-Gilbert Clinic

Steven holds a degree in accounting from Western Kentucky University and is a CPA with five years of experience in public accounting.  However, the past 34 years of his career have been spent in healthcare. His extensive experience includes responsibility for all financial aspects of a large multispecialty clinic, as well as capital improvement projects, information technology services, purchasing and physician recruitment.   

A special interest in revenue cycle management has helped his group achieve outstanding results in this area, including MGMA Better Performer recognition. He continues to be driven to seek new and better ways to improve financial performance.   


 
On Demand Refund Policy 
On-demand programs are available for one full year from the purchase date, unless otherwise specified. Registration and exam fees will not be refunded for this program unless approved by the program manager. 

On Demand Cancellation Policy 
If for any reason MGMA must cancel this on-demand program prior to the expected expiration date, MGMA will notify participants by email of the cancellation no less than five business days prior to the cancellation. Full refunds will be processed within 90 days of the cancellation. Registration and exam fees cannot be refunded if the program or exam has been started or completed.

Contact the MGMA Service Center for cancellations or refunds:
Toll-free: 877.275.6462, ext. 1888
Email: service@mgma.com

Complaint resolution policy
Please contact the MGMA Service Center toll-free at 877.ASK.MGMA (275.6462) for issues or concerns with this program.
 

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