Dollars and sense
Sift through the tangled web of healthcare and economics.
The reality of today’s health care system is a constant struggle between cost and care — and physicians are increasingly the ones striving to balance the two. If you find yourself wondering how much is enough health care and where to land between doing more and worrying about cost-effectiveness, this is the course for you. We’ll help you tackle the fundamental economic dilemmas in health care head on.
You’ll learn how to interpret financial statements, identify high-performing hospitals and determine the real costs of choosing among care alternatives.
By looking at how costs behave (or don’t), you’ll be able to calculate a contribution margin, understand the concept of breaking even and determine the optimal action when demands for resources exceed availability — as they so often do. Real-life examples will test your ability to make decisions based on sound economic and accounting principles.
At the end of this PLI course, you will be able to:
- Explain how the fundamental principles of economics shape the health care system
- Analyze and interpret financial statements for a health care organization
- Apply economic evaluation and accounting principles when making decisions
- Discuss the interaction of ethics, autonomy and allocation in health care
- Practice financial decision-making that maximizes quality of care in times of scarcity and competing alternatives
- Cohort 1 - September 25-26, 2019 – Intercontinental Toronto Yorkville Hotel, 220 Bloor Street West, 2nd floor, Meeting facility area.
- Cohort 2 - Intercontinental Toronto Yorkville Hotel, 220 Bloor Street West, 2nd floor, Meeting facility area
Maximum class size: