Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts and Applications

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John Wiley & Sons, Sep 28, 2009 - Medical - 640 pages
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.

 

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I used this text for a course of the same name offered by an online university. The most useful were the exhibits. There were, for example, annotated financial statements exhibits in the second chapter that I could go back to if I didn't remember what was to be included in "other current assets".
The exercises at the end of the chapter are challenging, but the author has provided a step-by-step method for solving the exercises in the associated chapter in reference to an exhibit as mentioned above. There are also instructions on the use of Excel spreadsheet functions to perform the onerous tasks of complex calculations and complicated formulas. I am giving the text an excellent rating for my experience with it, but I must admit, I have never used a different text on the subject.
 

Contents

Title Page
Health
PRESENT
FORPROFIT ANDFORPROFIT Chapter 3 PRINCIPLESAND PRACTICES OF HEALTH CARE
Accounting
PROFIT REPORTING UNDER CASH
FINANCIAL STATEMENT ANALYSIS
THE INVESTMENT DECISION
USING COST INFORMATION TO MAKE SPECIAL
Responsibility Accounting Chapter Twelve Provider CostFinding Methods Chapter Thirteen Provider Payment Systems THE AUTHORS
SUMMARY
RESPONSIBILITY ACCOUNTING
PROVIDER COSTFINDING METHODS
PROVIDER PAYMENT SYSTEMS
GLOSSARY
USEFUL WEBSITES INDEX

CAPITAL FINANCING FOR HEALTH CARE

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About the author (2009)

William N. Zelman is a professor in the Department of Health Policy and Administration in the University of North Carolina at Chapel Hill.

Michael J. McCue is a professor in the Department of Health Administration at Virginia Commonwealth University. He serves as associate editor of Health Services Management Research.

Noah D. Glick is senior health care consultant for FTI Consulting in its corporate finance division.

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