Finance for the Non-Financial Manager-Finance for the non-financial manager

Video Transcription

Video Summary

The video transcript features two speakers, Jeff and Lisa, discussing the importance of financial management in healthcare practices. They emphasize the value of transparency, engagement, and continuous learning in managing expenses and revenue. Jeff highlights the significance of understanding and tracking expenses, while Lisa focuses on revenue cycle functions, such as authorizations and denials. They share insights from their experience, including implementing physician scorecards to track charges and payments. The speakers also address challenges, such as system limitations and the need for third-party audits. Overall, the presentation underscores the collaborative approach and ongoing improvement required for effective financial management in healthcare practices.

Keywords

financial management

healthcare practices

transparency

engagement

continuous learning

expenses tracking

revenue cycle functions