Financial Management in Health Care Organizations (Delmar Series in Health Services Administration) [Hardcover]

Robert McLean (Author)

Book Description

ISBN-10: 0766835472 | ISBN-13: 978-0766835474 | Publication Date: November 11, 2002 | Edition: 2

Financing of health care organizations is increasingly important in today's society. Financial Management in Health Care Organizations provides discussion on the fundamental principles of finance, accounting, and budgeting for both short-term and long-term assets and programs. Managers of health care organizations and those aspiring to become managers will find this an invaluable tool in helping to increase their understanding of the financial aspects of running and managing their businesses.

Editorial Reviews

Review

This is one of the best books I have read on explaining finance, especially as it relates to healthcare. In my opinion, the author has taken a subject that is extremely difficult for most people to understand and reduced it down to the basic elements. -- Michael S. Austrin, M.A.U.A. (Planning and Business Development - BJC Healthcare)

Fundamental principles of finance are presented in this text on the financial aspects of running and managing a health care organization. The text employs case studies, modern financial theory, and a little bit of humor, an addressed all varieties of health care organizational structures, including hospital based, home health, managed care, and medical practices. Focus is in financial principals and decision making rather than accounting, with chapters on valuing assets, capital building, and managing long-term and short-term assets. Mc. Lean directs the Master of Health Services Administration Program ad Creighton University. - SciTech Book News March 2003

About the Author

Creighton University, Omaha, NE

Product Details

• Hardcover: 432 pages
• Publisher: Delmar Cengage Learning; 2 edition (November 11, 2002)
• Language: English
• ISBN-10: 0766835472
• ISBN-13: 978-0766835474
• Product Dimensions: 9.7 x 7.4 x 0.8 inches
• Shipping Weight: 1.8 pounds (View shipping rates and policies)
• Average Customer Review: 2.2 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #317,962 in Books (See Top 100 in Books)
  • #27 in Books > Medical Books > Administration & Medicine Economics > Medicaid & Medicare

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Customer Reviews

Most Helpful Customer Reviews

4 of 5 people found the following review helpful:

1.0 out of 5 stars Practically useless, May 18, 2006

By 

HealthAdminGuy - See all my reviews

This review is from: Financial Management in Health Care Organizations (Delmar Series in Health Services Administration) (Hardcover)

Don't waste your money on this useless paperweight. I had to buy it for a college class, so I had no choice. The treatment of accounting is too superficial. It claims to give the reader a good grasp on balance sheets and income statements, but fails to adequately define or explain many of the terms used on actual corporate statements. The chapters on costing, and budgeting introduce some theory, but by the time you are finished, you still have no idea how to actually construct a budget. The financial chapters are superficial, and at the same time use statistical concepts that are not explained, leaving the unprepared student rubbing his or her head and wondering what the hell the discussion was about. On that note, the entire book suffers from the useage of terms and concepts that are either poorly explained or not explained at all. The book covers a good spectrum of financial subjects, but all are covered too poorly to be of any use to a real-world manager. The actual useful information in the book could probably be condensed to 10 pages. The rest is useless fluff that talks ABOUT the subjects without telling the student how to actually accomplish something. In short, the book gives little practical training and is heavy on theory, but the theory is superficial and incomplete, so the book is just about useless. I bought an inexpensive book on accounting and another on budgeting (about 150 pages each) that answered my questions and taught me the basics of how to accomplish those functions. I won't say which ones, as I don't want to be accused of representing those authors or publishers, but just know that almost any financial books you buy will be better than this one.

1.0 out of 5 stars Never got it, August 11, 2011

By 

Tina (Nevada) - See all my reviews
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Amazon Verified Purchase

This review is from: Financial Management in Health Care Organizations (Delmar Series in Health Services Administration) (Hardcover)

I never received this item! I had to rate this so I gave it a 1 star, but it wasn't worth that.

2.0 out of 5 stars Doesn't explain much, February 25, 2011

By 

Angie - See all my reviews

Amazon Verified Purchase

This review is from: Financial Management in Health Care Organizations (Hardcover)

This book doesn't explain things clearly. If you don't already know the subject, then it doesn't help much at all. I think that when you're looking to learn a subject that it's up to the writer to explain like you "don't" know. it doesn't! i just follow along with my instructor's in-class lecture to get information.