Financial Basics: Budgeting, Cash Flow, and Capitalization

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Giving Your Practice a Healthy Financial Start

Course Description:

Starting an advocacy or care management practice means you must develop business skills to support your advocacy skills. Without business skills and application, your new business will fail!

The financial basics taught in this course will show you how to give your new practice a strong foundation through proper planning. You will create start-up and first year budgets, learn about the role of cash flow, and will do the math to figure out how much it will cost to launch your new business (to capitalize it), improving the chances your practice will succeed.

Choose this Course:

  …to get your new practice off to its healthiest start!

Who Should Take this Course:

  • Advocates who wish to establish a new practice and need to do their initial financial planning
  • Advocates who wish to use this course to satisfy pre-requisites for other PracticeUP! courses
  • Learners who wish to complete this course to satisfy a pre-requisite. This course is a pre-requisite for:

Course Details:

Course ID: (101 Financial Basics)

Instructor: Trisha Torrey

Components:  6 Lessons, 2 Quizzes, Worksheets, and a Summary QRG (Quick Resource Guide)

Cost: $29 (Basic Level Course) (APHA member coupons available)  If you are taking this course as a pre-requisite, you may be able to take it for free. Check the description of the course that requires it.

Pre-Requisites or Requirements: Use of a desktop computer or mobile device.

Amount of Time to Complete: 1 to 2 hours

CEUs (Continuing Education Units): Not available for this course.


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image - Quick Reference GuideDownload the Quick Reference Guide for this course.

It's a summary of terms and what we learned about each aspect of these financial basics. It also includes additional resources including ideas for financing your new venture.

 

SGOP is The Start and Grow Your Own Practice Handbook – the green book.
BMH is the The Health Advocate’s Basic Marketing Handbook – the gold book.
AMH is The Health Advocate’s Advanced Marketing Handbook – the purple book.

Don’t yet own these books?
Find your APHA Academy discounts here.

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