Body of Knowledge Review Series: Financial Management, 3.5 Edition - ebook

Ebook -

Financial Management

SKU: E1026


This book provides a review of each task associated with the Financial Management domain in MGMA’s Body of Knowledge for Medical Practice Management, 3.5 edition.
Medical practice executives are at the center of responsibility for all financial aspects of the medical practice. The practice executive’s ability to analyze, diagnose and improve financial issues is fundamental to the success of an organization.
From budgeting, revenue cycle management, accounts receivable and payable, contract negotiations and payroll, the practice executive must master myriad financial tools and develop proper protocols for handling and processing every financial transaction.
Managing a medical practice requires a set of technical skills and professional knowledge that are unique to the profession. The skills and knowledge required in the Financial Management domain are critical for both the practice executive and the medical practice itself.
By mastering this domain, the practice executive will be able to apply his or her talents to effectively lead the organization toward success.

Learn more about the complete Body of Knowledge Review Series.
MGMA equips medical practice leaders with the information and tools they need to thrive.

At MGMA, we live our tagline every day and are committed to continuously advancing leaders and their practices. As the leading association for medical practice administrators and healthcare executives for 90 years, MGMA provides the essential education, legislative information, and data and career resources to help improve patient services and operational efficiencies.

Through our national membership and 50 state affiliates, MGMA represents more than 33,000 administrators and executives in 18,000 healthcare organizations in which 385,000 physicians practice.


Chapter 1: Understanding the Revenue Cycle

Chapter 2: Managing Cash Flows

Chapter 3: Accounts Payable, Accounting Systems, and Reconciliation

Chapter 4: Managing Payroll

Chapter 5: Creating and Managing Budgets

Chapter 6: Audits and Internal Controls Resource List


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