Executing an Urgent Care Turnaround: Understanding Your Financials
1 hour Audio and Power Point Presentation
Recorded April 17, 2016
In order to survive and thrive long-term, urgent care centers must be financially sound. This entails having a clear understanding of how revenue is generated, control over day-to-day expenses, keeping a sharp eye on cash, and having a strategy for using debt and equity to enable future growth. Given that a center's financial statements are its "performance scorecard," a critical success factor for urgent care management is an understanding of how the center financials reflect the realities of the operation as well as steps the urgent care operator can take to assess financial challenges and improve overall financial performance.
- State the relationship between productivity in the urgent care and the income statement
- Interpret an income statement to identify challenges and opportunities in the urgent care operation
- Construct a long-term capital plan and assess the strength of the balance sheet in meeting that plan
- Connect the components of the Income Statement, Balance Sheet and Statement of Cash Flows and the influence of change on each
- Creating a financial model that shows the impact of various business decisions “what if’s” on the financial statements
Faculty Bio: Logan McCall
Logan is the Chief Executive Officer of ZipClinic Care Centers with locations in Colorado, Montana, and Kentucky. Logan was formerly Chief Executive Officer of Carolina Quick Care Urgent Care Centers in North Carolina until their acquisition .
The Urgent Care Association of America designates this enduring material activity for a maximum of 1 AMA PRA Category 1 Credit(s)TM. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
This activity has been planned and implemented in accordance with the Essential Areas and Policies of the Accreditation Council for Continuing Medical Education. Credit for this course is good for 1 year after purchase.
Urgent Care Management Certificate
Earn 1 UCMC credit in Accounting & Finance by listening to this recorded session.
Submitting for Credit:
If you would like to submit for either of the credit above, once you complete the activity you must submit for credit you will need to complete the 5 question exam. You must answer 3 out of 5 correctly to receive credit. Your credit will be placed in your profile under Professional Development or click on "My Credits". Email firstname.lastname@example.org with questions.
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