Introduction To The Financial Management Of Healthcare Organizations PDF Book
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Book Summary: "This book offers a fundamental overview of how financial management works in healthcare organizations. Designed for healthcare management students, clinical students, and managers new to healthcare, the book reinforces basic concepts through mini-case studies, practice problems, and self-quizzes. A comprehensive case at the end of the book draws on information presented throughout the chapters to help readers apply their newfound financial skills to real-world healthcare scenarios"--
Book Summary: Thoroughly revised, this third edition of Financial Management of Health Care Organizations offers an introduction to the most-used tools and techniques of health care financial management. Comprehensive in scope, the book covers a broad range of topics that include an overview of the health care system and evolving reimbursement methodologies; health care accounting and financial statements; managing cash, billings, and collections; the time value of money and analyzing and financing major capital investments; determining cost and using cost information in decision-making; budgeting and performance measurement; and pricing. In addition, this new edition includes information on new laws and regulations that affect health care financial reporting and performance, revenue cycle management expansion of health care services into new arenas, benchmarking, interest rate swaps, bond ratings, auditing, and internal control. This important resource also contains information on the 2007 Healthcare Audit Guide of the American Institute of Certified Public Accountants (AICPA). Written to be accessible, the book avoids complicated formulas. Chapter appendices offer advanced, in-depth information on the subject matter. Each chapter provides a detailed outline, a summary, and key terms, and includes problems in the context of real-world situations and events that clearly illustrate the concepts presented. Problem sets that end each chapter have been updated and expanded to support more in-depth learning of the chapters’ concepts. An Instructor’s Manual, available online, contains PowerPoint and Excel files.
Book Summary: Instructor Resources: Test bank, PowerPoint slides, answers to discussion questions and case studies, and a transition guide to the new edition. Introduction to the Financial Management of Healthcare Organizations presents financial management in the context of the healthcare organization and the broader healthcare environment. In addition to core financial management topics, the unique aspects of finance in healthcare are covered, including the objectives of healthcare financial management, the tax status of healthcare organizations, and third-party payers and payment methodologies. Practice and self-quiz problems are integrated into the book to provide the opportunity to practice the application of financial concepts and skills. Problems and mini-cases within the chapters and a comprehensive wrap-up case at the end of the book give readers additional practice. New to this edition: New data on health economics and health accounting Updates on the changes caused by the Affordable Care Act, including requirements for tax-exempt hospitals and organizational billing and collection policies New data on health economics and health accounting New information on capitation, entitlement reform, cost-benefit and cost-effectiveness analyses, and financial statements Recent legal action related to the distinctions between for-profit and not-for-profit hospitals Information regarding federal government actions against providers on fraud and abuse allegations At the end of every chapter, important points and discussion questions encourage readers to summarize and engage in learning.
William N. Zelman,Michael J. McCue,Noah D. Glick,Marci S. Thomas
Author : William N. Zelman,Michael J. McCue,Noah D. Glick,Marci S. Thomas
Publisher : John Wiley & Sons
Release : 2013-12-17
Category : Medical
ISBN : 9781118466582
File Size : 19,8 Mb
Total Download : 606
Book Summary: This new Fourth Edition of Financial Management of Health Care Organizations, offers an introduction to the most-used tools and techniques of health care financial management, including health care accounting and financial statements; managing cash, billings and collections; making major capital investments; determining cost and using cost information in decision-making; budgeting and performance measurement; and pricing. New to this edition: The Perspectives sections and the glossary have been updated. The book features a cutting-edge view of the health care landscape in 2013 and beyond after passage and pending implementation of the Affordable Care Act. Areas of expanded content include revised examples of financial statements for both private non-profit hospitals and investor-owned hospital management companies, changes in bad debt and charity care, the role of financial statements, the discount rate or cost of capital, lease financing section, use of cost information, budgeting, cost centers, and current forms of reimbursement Content new to this edition includes valuation of accounts receivable and the "waterfall" effect of cash collections, differences between Posting-Date and Service-Date reporting methodologies, calculation of effective annual interest rate, application of time value of money in perspectives, and Activity-Based Costing from the perspective of labor, supplies, and equipment.
Book Summary: Financing of health care organizations is increasingly important in today's society. Financial Management in Health Care Organizations provides discussion on the fundamental principles of finance, accounting, and budgeting for both short-term and long-term assets and programs. Managers of health care organizations and those aspiring to become managers will find this an invaluable tool in helping to increase their understanding of the financial aspects of running and managing their businesses. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Author : Kristin L. Reiter,Paula H. Song
Publisher : Asociation of University Programs in Health Administration/Health Administration Press
Release : 2020-07-27
Category : Business & Economics
ISBN : 1640551867
File Size : 26,8 Mb
Total Download : 300
Book Summary: Gapenski's Healthcare Finance: An Introduction to Accounting and Financial Management explores how healthcare organizations manage financial operations to optimally provide patient care. This significantly revised edition of one of Health Administration Press's best-selling books introduces the key foundational elements of healthcare finance, including both accounting and financial management. Numerous examples throughout showcase how healthcare finance is practiced in a variety of organizations, including hospitals, medical practices, clinics, home health agencies, nursing homes, and managed care organizations. Authors Kristin L. Reiter and Paula H. Song present the financial management and accounting concepts that are most critical to managerial decision-making. They emphasize not only financial theory and principles but also practical tools healthcare managers can use to make the crucial decisions that promote the financial well-being of their organization. Gapenski's Healthcare Finance examines the current financial environment in which providers operate, with an emphasis on health system design, healthcare insurance, and reimbursement methodologies. Dates, exhibits, references, and resources have been updated throughout. All examples and financial statements reflect current accounting and reporting standards. Extensive updates and content new to this seventh edition include: A discussion of health reform that reflects the current status of the Affordable Care Act; Information on the field's increasing focus on social determinants of health; Tax rates and examples that reflect the effects of the Tax Cuts and Jobs Act; A discussion of Medicaid expansion and health insurance exchanges; Coverage of the implications of value-based payment for the revenue cycle; Significant reorganization of the financial accounting chapters to orient students to financial accounting before the book's coverage of the income statement, statement of changes in equity, the balance sheet, and the statement of cash flows; A new chapter supplement provides expanded analysis of the double-entry accounting system; Amendments to the financial accounting conceptual framework by the Financial Accounting Standards Board; Better differentiation of risk measures of realized vs. expected return distributions In a dynamic environment, healthcare leaders need to practice good financial decision-making for the health of their patients and the financial stability of their organization. From this book, current and future managers will understand the finance problems provider organizations face and how best to solve them.
Book Summary: The essential concepts of both accounting and financial management are covered in this best-selling healthcare finance book. Through clear explanations, numerous examples, and realistic practice problems, it arms future managers with the grounding they need to make financially sound decisions for their healthcare organizations. This thoroughly updated edition provides more emphasis on the unique marketplace for healthcare services and additional examples from nonhospital settings, including medical practices, clinics, home health agencies, nursing homes, and managed care organizations.