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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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.
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.
"This new edition of Financial Management of Health Care Organizations builds on the excellent contents of its prior editions, by again simplifying complex health care financial concepts in ways its targeted audience can truly comprehend. It is notably rich with discussions of contemporary issues and is structured in a way that makes for enhanced instructional flexibility and practical adaptation. The authors continue to demonstrate a keen understanding of the challenging issues of the day."
Dalton A. Tong, MBA, CPA, Senior Associate, Health Policy and Management, Johns Hopkins Bloomberg School of Public Health
"The third edition of Financial Management of Health Care Organizations continues to provide in-depth and cogent understanding of the important financial topics, including financial accounting, managerial accounting, capital and operating budgeting, revenue flows, and cost management, that health care executives and managers must have. This text has been a valuable resource for my graduate students as well as clinical and non-clinical managers in executive education settings."
Mark Covaleski, PhD, MBA, Robert Beyer Professor of Managerial Accounting and Control, and Professor of Health Care Financial Management, School of Business, University of Wisconsin at Madison
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