Medicine: The Business Aspects Seminar

This comprehensive seminar concentrates on the vital business concepts, skills, and tools necessary for the successful practice of medicine in today’s environment. The seminar is specifically designed to provide useful and practical information that can be applied immediately in any medical practice setting.  The goal of the seminar is to equip participants with skills and tools to enhance leadership competence, manage more effectively, understand and apply financial concepts, and proficiently analyze business, clinical, and health policy issues. The seminar is presented over a 3 day time period.

Seminar Content

Leadership and Management

  • Genuine leadership
  • Quality management
  • Teamwork and communication

Strategic Planning

  • Competition analysis
  • Making sense of marketing
  • Strategy formation

Accounting and Financial Management

  • Financial statement analysis
  • Asset management and budgeting
  • Business planning
  • Personal wealth and asset management

Clinical Practice Improvement

  • Root cause analysis
  • Variation, safety, and controlling error
  • Gathering and analyzing quality data

Health Information Technology

  • EMR selection and implementation
  • Federal requirements
  • Leveraging – benefits, challenges

Health Policy

  • Health and medical expenditures
  • National health insurance
  • Medical mal-practice
  • Physician Reimbursement

Seminar Structure

3 days with a maximum class size of 15

Days One and Two

  • 8 hours of instruction on Leadership and Management, Strategic Planning, Clinical Practice Improvement, Accounting and Financial Management
  • 4 hours of instruction on Health Information Technology, and Health Policy and Personal Financial Management
  • Take home team project

Day 3 (four weeks later)

  • 4 hours of instruction on Health Information Technology, Health Policy and Personal Financial Management
  • 2 hours – team project presentations

All participants are required to design a Clinical Practice Improvement project. Each participant is assigned to a team, which selects a project that is meaningful to them. The design is to be completed during the 4 weeks between the 2nd and 3rd days of the seminars. The project serves to reinforce the concepts, skills, and tools presented in the seminars.

Seminar participants are encouraged to engage the ES4P faculty via the website or by email. Seminar faculty closely mentors teams. Faculty members are available and welcome the opportunity to answer any questions that may arise from either the seminars or the team projects. In addition, participants can discuss ideas and issues with each other via ES4P’s discussion board.

The tuition costs per participant are $895 and include lunches, snacks, and all materials.

Continuing Medical Education (CME) Credit

The Accreditation Council for Continuing Medical Education accredits INOVA Health System to sponsor continuing medical education for health care professionals. INOVA Health System has designated this continuing medical education activity provided by Essential Seminars for Physicians, LLC as 18 credit hours in Category 1 of the Physician’s Recognition Award of the American Medical Association.



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