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

William N. Zelman , Michael J. McCue , Noah D. Glick
4.1 out of 5 stars  See all reviews (14 customer reviews)

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

September 28, 2009 0470497521 978-0470497524 3
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.



Editorial Reviews

From the Back Cover

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

About the Author

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.


Product Details

  • Hardcover: 640 pages
  • Publisher: Jossey-Bass; 3 edition (September 28, 2009)
  • Language: English
  • ISBN-10: 0470497521
  • ISBN-13: 978-0470497524
  • Product Dimensions: 9.6 x 7.1 x 1.4 inches
  • Shipping Weight: 2.6 pounds
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (14 customer reviews)
  • Amazon Best Sellers Rank: #126,462 in Books (See Top 100 in Books)

Customer Reviews

4.1 out of 5 stars
(14)
4.1 out of 5 stars
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Most Helpful Customer Reviews
1 of 1 people found the following review helpful
5.0 out of 5 stars I love it February 10, 2013
Format:Hardcover|Verified Purchase
I recommend this book to everyone going though financial process in healthcare. This book helped me through my assignment; it was so clear and easy to understand.
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1 of 1 people found the following review helpful
5.0 out of 5 stars Came as described January 25, 2013
Format:Hardcover|Verified Purchase
Its a book. A book I had to buy for a class but it is an easy read for those not as financially minded. It doesn't go into much depth in any one area.
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1 of 1 people found the following review helpful
1.0 out of 5 stars Terrible examples and Homework problems! February 14, 2012
By ARF
Format:Hardcover
I recieved an A in both financial and managerial accounting. Yet this book is extremely confusing to me. Don't waste your money! My teacher ordered the answer manual and it doesn't even explain how the answers were calculated. In my opinion, the authors are lazy and need to reevaluate this entire book.
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5.0 out of 5 stars Informative book. Great review! June 7, 2014
By Gabe
Format:Hardcover|Verified Purchase
Is a must have as a resource for new and experienced managers in the healthcare profession. It will be of great assistance!
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3.0 out of 5 stars Required purchase March 23, 2014
Format:Hardcover|Verified Purchase
Required to purchase this book. At times left me wondering and confused and other areas I followed. With that said, I am not a financial expert. as I said it was a mandatory class and book.
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5.0 out of 5 stars Used for masters class October 28, 2013
By M
Format:Hardcover|Verified Purchase
Great book. Assumes you have some knowledge. Recommend this with a more basic book. Consider an accounting workbook. Good luck
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5.0 out of 5 stars Like a Window for Idiots October 12, 2013
Format:Hardcover|Verified Purchase
Wow, I am a nursing not a finance major and found this book, especially, the step by step walk throughs for examples in each chapter. But not for those, I would have been somewhat lost in my finance course.

I would definately recommend.

Carla
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