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

William N. Zelman (Author), Michael J. McCue (Author), Alan R. Millikan (Author), Noah D. Glick (Author)
4.3 out of 5 stars  See all reviews (15 customer reviews) |

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Book Description

Publication Date: November 1, 2007 | ISBN-10: 063123098X | ISBN-13: 978-0631230984 | Edition: 2
This new edition of Financial Management of Health Care Organizations offers an introduction to the most-used tools and techniques of health care financial management, including health care accounting and financial statements; managing cash, billings and collections; making major capital investments; determining cost and using cost information in decision-making; budgeting and performance measurement; and pricing. Now completely updated, this book provides students with the practical, up-to-date tools they need to succeed in this dynamic field.

  • Provides an introduction to the most-used tools and techniques of health care management.
  • Additional questions and problems for the chapters.
  • Updated perspectives throughout the text.
  • Instructor's Manual available on CD-ROM including all exhibits in PowerPoint and Excel, answers to all problems in PowerPoint and Excel, and working spreadsheet models of exhibits and selected problems for classroom use.
  • Accompanying website features links to related websites, glossary, and downloadable Instructor's Manual and sample chapters.

www.blackwellpublishing.com/zelman

Editorial Reviews

Book Description

This new edition of Financial Management of Health Care Organizations offers an introduction to the most-used tools and techniques of health care financial management, including health care accounting and financial statements; managing cash, billings and collections; making major capital investments; determining cost and using cost information in decision-making; budgeting and performance measurement; and pricing. Avoiding complicated formulas and using numerous spreadsheet examples, its pedagogy includes: more advanced information in chapter appendices for those who want to go beyond the basics; a detailed outline beginning each chapter; a summary concluding each chapter; and 'perspectives', real-world situations and events which illustrate concepts discussed in the chapters. Now completely updated, this book provides students with the practical, up-to-date tools they need to succeed in this dynamic field. New to the Second Edition: Key terms and key equations listed at the end of each chapter; each set of key terms now becomes the first question for each chapter Expanded use of marginal definitions and key points Additional questions and problems for the chapters; where possible, problems are provided in pairs so that the first can be used as an example, and the second can become part of an assignment Updated perspectives throughout the text Instructor's Manual available on CD-ROM including all exhibits in PowerPoint and Excel, answers to all problems in PowerPoint and Excel, and working spreadsheet models of exhibits and selected problems for classroom use

From the Back Cover

This new edition of Financial Management of Health Care Organizations offers an introduction to the most-used tools and techniques of health care financial management, including health care accounting and financial statements; managing cash, billings and collections; making major capital investments; determining cost and using cost information in decision-making; budgeting and performance measurement; and pricing.

Avoiding complicated formulas and using numerous spreadsheet examples, its pedagogy includes: more advanced information in chapter appendices for those who want to go beyond the basics; a detailed outline beginning each chapter; a summary concluding each chapter; and 'perspectives', real-world situations and events which illustrate concepts discussed in the chapters. Now completely updated, this book provides students with the practical, up-to-date tools they need to succeed in this dynamic field.

New to the Second Edition:


  • Key terms and key equations listed at the end of each chapter; each set of key terms now becomes the first question for each chapter
  • Expanded use of marginal definitions and key points
  • Additional questions and problems for the chapters; where possible, problems are provided in pairs so that the first can be used as an example, and the second can become part of an assignment
  • Updated perspectives throughout the text
  • Instructor's Manual available on CD-ROM including all exhibits in PowerPoint and Excel, answers to all problems in PowerPoint and Excel, and working spreadsheet models of exhibits and selected problems for classroom use
See all Editorial Reviews

Product Details

  • Hardcover: 544 pages
  • Publisher: Wiley-Blackwell; 2 edition (November 1, 2007)
  • Language: English
  • ISBN-10: 063123098X
  • ISBN-13: 978-0631230984
  • Product Dimensions: 9.7 x 7.5 x 1.4 inches
  • Shipping Weight: 2.6 pounds
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (15 customer reviews)
  • Amazon Best Sellers Rank: #535,215 in Books (See Top 100 in Books)

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More About the Author

› Visit Amazon's William N. Zelman Page
William N. Zelman
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Customer Reviews

Most Helpful Customer Reviews
8 of 8 people found the following review helpful
By A Customer
Format:Hardcover
This text proved an invaluable guide to the subject of hospital finances. This was a subject I was not particularly interested in, and the book surprised me. It is readable and clear. The logic flows smoothly. There are plenty of examples, illustrating assorted principles. After reading several books on the topic of hospital finances, this one stands out for its clarity.
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1 of 1 people found the following review helpful
Highly recommended March 28, 2005
Format:Hardcover
A very comprehensive and informative book, even though the examples are for the US it can be used and applied to other countries and systems. Gives a good grounding for financial understanding of healthcare entities. Highly recommend it to anyone looking interested in financial managment of health care organizations
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3 of 4 people found the following review helpful
Format:Hardcover|Amazon Verified Purchase
We used this book for our introductory finance class, and I hated it. Perhaps it's just the outdated edition, but I found that the excercises at the end of each chapter were awful. The book does a poor job of explaining difficult concepts. The book is also boring and drab illustrations. There has to be a better book out there. I quickly sold my edition of this book, as it is terrible.
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Most Recent Customer Reviews
Terrible examples and Homework problems!
I recieved an A in both financial and managerial accounting. Yet this book is extremely confusing to me. Don't waste your money! Read more
Published 3 months ago by emmaLee
Excellant book
I bought this book for the Regis University classes NR614 and NR615 on Healthcare accounting and found it to be excellent. Read more
Published 8 months ago by Crystal Ratcliffe
good info
got this to help in conjunction to my school book and this is better than the book they made me buy...it helps me to understand certain things better
Published 10 months ago by Renee Russell
Excellent text!
This is a very readable and very clear text on finance and managerial accounting, and much better than some of the other texts I have seen and used on the same subject. Read more
Published 17 months ago by Mike Whitman
MSc. Course Textbook
This book was recommended as a suitable textbook for a Master's in Health Administration financial management course I teach in the Caribbean. Read more
Published 18 months ago by Rae Barrett
Financial Management of Health Care Organizations
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. Read more
Published on January 25, 2010 by Douglas A. Mallette
Another Winner!
Article was received in New Condition, on time on target and 1/3 of the school bookstores price.
Published on May 31, 2009 by William Lorusso
Good for non-accountants, but could use more on healthcare specifics
For someone who knows little about accounting and finance, it provides a good overview with a slant towards healthcare. Read more
Published on May 14, 2009 by Brad L
A very good book
Its a very good book for the beginners in Accounting and especially for those in Health care Industry
Published on October 20, 2008 by Kranthi Kumar Akula
outstanding compilation of solid financial management tools
Starting with understanding financial statements, teaching health care accounting, and progressing to budgeting, cost finding, and payment systems, this book is an outstanding... Read more
Published on January 27, 2008 by Dr. Yuval Lirov
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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Inside This Book (learn more)
First Sentence:
Never before have health care professionals faced such complex issues and practical difficulties trying to keep their organizations financially viable (see Perspective 1-1). Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
fixed labor budget, weighted visits, required market rate, payor settlements, revenue volume variance, flexible budget estimate, annual cash operating expenses, expense cost variance, patient accounts receivable, avoidable fixed costs, billing float, net patient revenues, particular cost object, breakeven equation, unrestricted net assets, contact capitation, patient service revenue, administrative cost centers, transit float, traditional profit centers, required cash balance, estimated cash outflows, future value factor, capitated patients, compound interest method
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Financial Management of Health Care Organizations, Walk-In Clinic, Newport Hospital, Sample Not-For-Profit Hospital, United States, Windmill Point Outpatient Center, American Institute of Certified Public Accountants, Gross Plant, Modern Healthcare, Multiple Statements, Beginning of Year, Blue Cross, Bonds Payable, Direct Materials, Incremental Hospital Revenues, New Patient Days, Accountability Act, Basic Data, General Expense, Wall Street, Days Outstanding Total, Extraordinary Loss, Financial Statement Analysis, Human Services, San Maro
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