Topic: Business of Medicine: Reading a P & L Sheet-Part 2

Objectives: 

• Define the key components of a hospital P&L sheet, including revenue, expenses, and net income.
• Identify the major categories of revenue sources in a hospital, such as patient services, grants, and investment income.
• Recognize the various categories of expenses, such as personnel costs, supplies, and depreciation.
• Explain the concept of net income and its significance in assessing the financial health of a hospital.
• Distinguish between operating and non-operating revenue and expenses on a hospital P& L sheet.

Speaker: Dr. Kacey Eichelberger