Negotiation programFinance programHuman Resources program


The American Society of Regional Anesthesia and Pain Medicine (ASRA) recognizes that practice management has become increasingly more complex. Specifically, the economic pressures to reduce cost while increasing quality are intensifying across practice environments. The complexity of managing patients with chronic disease and the need for collaboration among multiple physicians is becoming the new normal, as is focus on patient and staff satisfaction. In short, the role of the physician is changing rapidly. 

For example, with the introduction of the Medicare Access and CHIP Reauthorization Act (MACRA), all physicians will be pushed to participate in new models of care. Physicians will need to understand these models, where the money goes, how it is divided and who gets paid for what. 

Most medical schools in the United States have adapted their curricula to include team-based approaches. However, graduating students still lack the fundamental business and leadership training needed to effect the changes required and simultaneously maximize quality and reduce cost in clinical practice. A study found “that a large majority of graduating U.S. medical students from 2003 to 2007 were satisfied with medical school training in the domains of clinical decision making and clinical care. In stark contrast, fewer than half the students felt that appropriate instructional time was devoted to the practice of medicine, especially the component of medical economics.” (September 2009 issue of Academic Medicine) 

Course Topics, Duration, Dates

Regardless of whether future physicians decide to work in a large health care system or solo practice, they will need fundamental knowledge and skills in practice management.  After discussing the needs of our members and physicians in general, the Practice Management Committee developed a priority list of skills within practice management that are required to be successful. The top three were: Negotiation - Finance - Human Resources.

Each course is 4 weeks long, broken down into 4 weekly modules.

  • Negotiation: Tuesday June 16, June 23, June 30, July 7, 2020
  • Finance: Tuesday July 28,  August 4, August 11, August 18, 2020
  • Human Resources: Tuesday September 1, September 8, September 15, September 22, 2020

As an asynchronous online course series, each weekly module entails various educational formats/assignments, including threaded discussion boards and 1-2 hours of homework.

Educational Partner and Online Learning Platform

The ASRA Practice Management Committee is proud to partner with the Lake Forest Graduate School of Management (LFGSM) to develop distance education courses for physicians wanting to build these practice management skills. LFGSM has a history of actively developing broad thinkers and strong leaders with the traits and qualities to make a difference at every level of business. They provide education services that prepare people to lead, manage change, innovate, exceed targets and deliver results. The educational content will be delivered through LFGSM’s social learning platform, Matrix, providing a private room for learners to access assignments and resources and to connect with Business Leader Faculty® and fellow learners.