Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts and ApplicationsThoroughly 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. |
Contents
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 1 THE CONTEXT OF HEALTH CARE FINANCIAL MAN... | 1 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 2 HEALTH CARE FINANCIAL STATEMENTS | 25 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 3 PRINCIPLES AND PRACTICES OF HEALTH CARE AC... | 87 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 4 FINANCIAL STATEMENT ANALYSIS | 121 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 5 WORKING CAPITAL MANAGEMENT | 187 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 6 THE TIME VALUE OF MONEY | 233 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 7 THE INVESTMENT DECISION | 271 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 8 CAPITAL FINANCING FOR HEALTH CARE PROVIDE... | 329 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 10 BUDGETING | 423 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 11 RESPONSIBILITY ACCOUNTING | 469 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 12 PROVIDER COSTFINDING METHODS | 499 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 13 PROVIDER PAYMENT SYSTEMS | 527 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition GLOSSARY | 569 |
An Introduction to Fundamental Tools Concepts and Applications Third Edition USEFUL WEB SITES | 583 |
| 589 | |
An Introduction to Fundamental Tools Concepts and Applications Third Edition Chapter 9 USING COST INFORMATION TO MAKE SPECIAL DE... | 375 |
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Common terms and phrases
accounts receivable activities actual additional administrative allocated amount analysis annual annuity approach assets assume average balance sheet basis billing bond borrow budget calculate called capital cash flows changes Chapter charges clinic collect compute contribution costs covered debt decision decrease depreciation determine develop difference discount earned equal equipment estimate example Exhibit expenses factor financial financing fixed formula funds future value Given health care organizations higher hospital income increase initial interest investment issues lease liabilities loan long-term major margin measures Medicare method million month needs net assets Note operating paid patient payment payor percent percentage performance period physician plans Point present value profit providers purchase ratio reported responsibility restricted result revenues Source statement Step supplies Total unit unrestricted variable variance volume