Course Summary

While caring for patients is the priority of most independent pediatricians, practices are still businesses and need to be managed as such. Ultimately, that means they need to make money, or at least break even. Financial statements are the core of financial management and learning to understand will improve any practice executive’s skill at managing their practice.

In this course, we will review the accounting equation, which forms the foundation of financial accounting. You will learn about the four main financial statements: the balance sheet, the profit and loss statement (income statement), the statement of retained earnings, and the statement of cash flows. Finally, you will learn to interpret the information conveyed by these financial statements.

Course Presenter

Alex Meyer is an experienced small business manager and consultant. Having run small businesses and consulted with numerous small business owners, Alex understands the unique challenges that face small-business owners and leaders who must wear multiple hats to keep their business afloat. As a member of PCC’s Pediatric Solutions Team, he works with independent pediatric practices to fine-tune their business practices so that they can focus on patient care.