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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 (Hardcover)

~ Zelman (Author), McCue (Author), Alan R. Millikan (Author), Glick (Author) "Never before have health care professionals faced such complex issues and practical difficulties trying to keep their organizations financially viable (see Perspective 1-1)..." (more)
Key Phrases: fixed labor budget, weighted visits, required market rate, Financial Management of Health Care Organizations, Walk-In Clinic, Newport Hospital (more...)
4.3 out of 5 stars  See all reviews (9 customer reviews)

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Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts, and Applications + Strategic Management of Health Care Organizations
Price For Both: $144.00

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Editorial Reviews

Product Description

Univ. of North Carolina, Chapel Hill. Text offers an introduction to the tools and techniques of healthcare financial management, including accounting and financial statements, managing cash, billings, and collections. This edition features key terms and quotations, marginal definitions, updated perspectives, and additional questions and problems. Previous edition: c1998.


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

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More About the Author

William N. Zelman
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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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9 Reviews
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Average Customer Review
4.3 out of 5 stars (9 customer reviews)
 
 
 
 
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8 of 8 people found the following review helpful:
5.0 out of 5 stars Financial Management of Healthcare Organizations, May 16, 2003
By A Customer
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:
5.0 out of 5 stars Highly recommended, March 28, 2005
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:
1.0 out of 5 stars horrible book with poor examples, February 25, 2008
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

5.0 out of 5 stars Another Winner!
Article was received in New Condition, on time on target and 1/3 of the school bookstores price.
Published 5 months ago by William Lorusso

3.0 out of 5 stars 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 6 months ago by Brad L

5.0 out of 5 stars A very good book
Its a very good book for the beginners in Accounting and especially for those in Health care Industry
Published 13 months ago by Kranthi Kumar Akula

5.0 out of 5 stars 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 21 months ago by Dr. Yuval Lirov

5.0 out of 5 stars AN EXCELLENT TEXTBOOK
All essential topics in financial management and definations of professional terms can be found in this nice book. Read more
Published on October 10, 2007 by FN

5.0 out of 5 stars Right to the point!
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. Read more
Published on March 27, 2004 by ,SS

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