Body of Knowledge Review Series: Financial Management

This book provides a review of each task associated with the Financial Management domain in MGMA's Body of Knowledge for Medical Practice Management, 4th Edition. Healthcare executives are primarily responsible for all financial aspects of the medical practice. Their ability to analyze and improve financial functions is fundamental to the organization's success. From revenue cycle management and accounts receivable and payable to contract negotiations, budgeting and audits, the healthcare executive must master myriad skills and develop proper policies and procedures for effective financial management. Leading a medical practice requires a set of technical skills and professional knowledge unique to the profession. The expertise and understanding needed in the Financial Management domain are critical for both the healthcare executive and the medical practice itself. By mastering this domain, the healthcare executive will be able to apply their talents to guide the organization toward success. This book and series serve as excellent study guides for the ACMPE board certification exams.