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Understanding Financial Statements in Clinical Practice: A Primer

Makanji, Heeren S. MD*; Jenis, Louis G. MD

doi: 10.1097/BSD.0000000000000537
THE BUSINESS OF MEDICINE
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The purpose of this article is to describe the different types of financial statements and the information they contain regarding the current and long-term financial health of a business practice. These statements are essential to guiding strategic decision making for physicians and executives.

*Harvard Combined Orthopaedic Residency Program

Department of Orthopaedic Surgery, Massachusetts General Hospital, Harvard Medical School, Boston, MA

The authors declare no conflict of interest.

Reprints: Louis G. Jenis, MD, Massachusetts General Hospital, Harvard Medical School, Boston, MA 02114 (e-mail: ljenis@partners.org).

Received February 5, 2017

Accepted March 15, 2017

© 2017 by Lippincott Williams & Wilkins, Inc.