One thing I took away from Dr. Joyce through this course is the comparison of examining the financials to examining a patient. We have physical diagnosis procedures, labs, and advanced imaging to help us figure out the story with our patient; likewise, we have a balance sheet, statement of operations, cash flows, numerous ratios, as well as vertical/horizontal analysis to help us figure the financial health of an institution. And, just like a good wellness plan for a patient with good nutrition and exercise, a good budget can help plan for good financial health.
This makes me realize even more the importance of medical professionals understanding the business side of medicine, and being able to use that knowledge to reduce health care costs.
Wow — the more I learn about the financial side of medicine, the more I’m completely flabbergasted.
Dr. Joyce was an outstanding instructor that provided some outstanding feedback and made a challenging topic very relatable. I took away so much from this course, not only the information on finance but also in the way Dr. Joyce presented the materials. I think he is an excellent educator.