This activity is part of the Pathology Business Fundamentals learning series. Save 10% when you purchase all of the courses in this series together. Below are the courses included in the series. Click here to review and purchase all courses in the series.
- Analysis and Interpretation of Billing Reports
- Basic Budget Development
- Basic Contracting and Fee Analysis
- Basic Practice Cost Analysis
- Capacity Management and Workflow Planning
- Fundamentals of Revenue Cycle Management
- How Pathology Practices Get Paid
- Relative Value Units: Understanding the Basics
Description
Preparation is critical when negotiating payer contracts. The payer will be well-informed about your practice and your market, and you should be too. In this activity, you will put your understanding of the prior seven activities to work in creating a budget for an example practice.
Objectives
After completing this activity, you should be able to:
- Design an effective budget model for your practice or lab.
- Analyze historic financial data and trends.
- Create a realistic budget to account for the needs of the practice.
- Ensure sustained profitability.
- Monitor revenues and expenditures on a regular basis to ensure budget compliance.
Authors/Faculty
Anthony Battistone, BS, CSPPM, CSSGB
Moira P. Larsen, MD, MBA, FCAP
Brian Le, MD, FCAP
Al Harrison Sirmon
Patrick A. Wilson, MD
CME/CE Information
Accreditation: The College of American Pathologists (CAP) is accredited by the Accreditation Council for Continuing Medical Education (ACCME) to provide continuing medical education for physicians.
CME Category 1: The College of American Pathologists designates this internet enduring material educational activity for a maximum of 0.50 AMA PRA Category 1 Credit™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
CE (Continuing Education for nonphysicians): The CAP designates this educational activity for a maximum of 0.50 credit(s) of continuing education. Participants should claim only the credit commensurate with the extent of their participation in the activity.
This activity is approved for continuing education credit in the states of California and Florida.
The American Society for Clinical Pathology (ASCP) Board of Certification (BOC) Certification Maintenance Program (CMP) accepts this activity to meet the continuing education requirements.
Disclosure
Below, you will find the financial disclosure relationships for anyone who was able to affect the content of this educational activity.
The CAP mitigates all the relevant financial relations listed for these individuals.
The following speakers/planners have no financial relationships to disclose:
Anthony Battistone, BS, CSPPM, CSSGB
Moira P. Larsen, MD, MBA, FCAP
Brian Le, MD, FCAP
Al Harrison Sirmon
Patrick A. Wilson, MD
The following speakers/planners have financial relationships to disclose:
None
The following In-Kind Support has been received for this activity:
None
The following commercial support has been received for this activity:
None
Payment Information
To pay with a check, print a copy of this page and send it with your check to the address below. You will be notified when your payment has been processed and you have been registered into the activity.
College of American Pathologists
CAP Learning
325 Waukegan Road
Northfield, IL 60093-2750
Refund Policy
Refunds will be handled on an exception basis. Please submit your request to the CAP in writing via email at
education@cap.org or fax at 847-832-8006.
Technical Requirements
Pop-up blockers must be turned off.
The CAP recognizes that some Veteran’s Administration, US Government, and military participants may have difficulty accessing the online activity. If you experience difficulty or have any questions, please contact a representative of the Customer Contact Center at 800-323-4040 option 1 or education@cap.org.
Availability
This activity and evaluation are available September 26, 2022 and expire September 25, 2025 11:59 PM (CT). Upon completion of the activity your credit will be awarded. Your certificate may be downloaded from your Transcript.
CC: PBFBUDGET09W.2022