Financial fluency: demystifying accounting and business planning for the reproductive medicine specialist

Mindy S. Christianson, Linnea R. Goodman, Rachel Booth, Steven R. Lindheim, Ricardo Azziz

Research output: Contribution to journalReview articlepeer-review

Abstract

In today's ever-changing business climate, reproductive health specialists are realizing that financial fluency is key to growing and maintaining a successful practice. Although financial fundamentals such as accounting may seem complex, both academic and private practice reproductive specialists who understand these topics can benefit in making business decisions for their practices. We describe the key financial fundamentals that reproductive health specialists should know, including basic concepts of finance and accounting, payments and receivables, capital budgeting, and business planning, and interpreting balance sheets, income statements, and cash-flow statements.

Original languageEnglish (US)
Pages (from-to)7-16
Number of pages10
JournalFertility and sterility
Volume115
Issue number1
DOIs
StatePublished - Jan 2021

Keywords

  • Accounting
  • budgeting
  • business plan
  • fertility centers
  • finance
  • health care
  • reproductive medicine

ASJC Scopus subject areas

  • Reproductive Medicine
  • Obstetrics and Gynecology

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