Product Description
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.
5 Comments for this post
Starting with understanding financial statements, teaching health care accounting, and progressing to budgeting, cost finding, and payment systems, this book is an outstanding compilation of solid financial management tools and techniques for health care practices.
Each chapter includes learning objectives, a summary, key terms, and questions and problems, making it a perfect textbook for both students of health care administration and clinic owners building industrial-grade practice management skills.
Yuval Lirov, Practicing Profitability – Billing Network Effect for Revenue Cycle Control in Healthcare Clinics and Chiropractic Offices: Collections, Audit Risk, SOAP Notes, Scheduling, Care Plans, and Coding
Rating: 5 / 5
I found it very consice, and at the same time understandable with lots of examples, and practical. It is very well customized for health care organizations. It’s worth your time and your money!
Rating: 5 / 5
The product was in the condition that the seller said it was in. I would buy from this seller again. They book was shipped quickly too. Thanks for the great sale and speedy shipment.
Rating: 5 / 5
Article was received in New Condition, on time on target and 1/3 of the school bookstores price.
Rating: 5 / 5
For someone who knows little about accounting and finance, it provides a good overview with a slant towards healthcare. Throughout the book, there are sidebars that provide a good perspective of what healthcare organizations are really doing and the issues facing the healthcase industry.
For someone who knows accounting and finance, but is new to the healthcare industry, only a third of the book deals with specific healthcare finance issues. The book also seems to be written from a payor’s perspective of provider finance, but maybe it’s just the nature of the healthcare industry overall. Also, this book was updated in 2003, and given the dynamic nature of the healthcare industry, some topics may not be current.
Rating: 3 / 5
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