All health care managers—regardless of their training and area of responsibility—must create budgets and manage their departments within the established budget. A Comprehensive Guide to Budgeting for Health Care Managers is a thorough examination of budgeting practices that will provide readers with the necessary skills to construct budgets and analyze variances between actual financial results and the budget. The chapters take the reader through a step-by-step process to analyze systems, incorporate organizational goals into budgets, identify performance issues, and explore how budget systems impact behavior. Emphasis is given to the purpose of budgets and how they can be manipulated, the demonstration of how five different types of budgets are created, and opportunities to construct budgets and assess budgets. Readers will come away with a solid grounding in accounting, economics, finance, and strategic behavior as well as improved Excel skills.Key Features:•Offers a comprehensive knowledge base and analytical tool kit to measure, monitor, and improve department processes and outcomes•Uses Microsoft Excel throughout as a tool to analyze operations and create budget as Excel proficiency is essential to any manager working with financial or operational data•Emphasizes practical application and provides the reader with many opportunities to construct budgets and assess how budget assumptions impact funding levels
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Thomas K. Ross is an Associate Professor in the Department of Nutrition and Health Care Management at Appalachian State University where he teaches Health Care Finance and Introduction to Health System Organization. He received his Ph.D. in Economics from St. Louis University, and a MBA in Finance and Accounting from the University of Cincinnati. Dr. Ross has four books in print, Practical Health Care Budgeting: A Concise Guide, 2020, Applying Lean Six Sigma in Health Care, 2019, and A Comprehensive Guide to Budgeting for Health Care Managers, 2018, all published by Jones and Bartlett Learning. His first book, Health Care Quality Management, was published in 2014 by Jossey-Bass. He has previously taught classes in research, quality management, strategic planning, and economics at East Carolina University, Kings College (PA), Indiana University South Bend, and Saint Louis University. Prior to entering education, Dr. Ross worked in health care finance as a director of patient accounts, manager of system support, and senior financial analyst.''
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