Abstract Body

Background

The day-to-day management of a practice includes taking financial decision: purchases, the use of loans and credits, debts, hiring of personnel, etc.

Depending on the use of this combination, and depending on the money that you have in the bank, you can be at risk of bankruptcy and do not realise this until you are bankrupted

Aim and learning objectives

The target group are family doctors (and other health professionals) that are managing a practice or other health companies.

Participants must understand how to calculate costs and how to make decisions based on the cost calculation. They must know when to reject a contract if the payment offered does not cover costs. They also must be able to recognise the risk of bankruptcy even when they have money in the bank. Other aspects can also be covered by the workshop, such as human resources management, tax paying systems and healthcare services organisation.

Method and timetable

A few slides on essential financial concepts will be presented (12 minutes). After that, a case-study will be explained (2 minutes). The participants will be grouped and will analise the case, preparing their recommendations (25 minutes). Finally, the recommendations produced by each group will be put in common and will be commented by the presenters of the workshop (20 minutes).

(Proposed) Results / conclusions

The participants will understand the essentials of finance management: increasing incomes, minimising costs and avoiding bankruptcy