In this thoroughly revised and updated third edition of Fundamentals of Health Care Financial Management, consultant and educator Steven Berger offers a practical step-by-step approach to understanding the fundamental theories and relationships guiding financial decisions in health care organization. Set in a fictional mid-sized hospital, the book is written in diary form, taking the reader into the inner workings of the finance executive's office. This introduction to the most-used tools and techniques of health care financial management includes 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. As in the previous editions, this book introduces key practical concepts in fundamental areas of financial management.
With a focus on basic accounting in health care management, this essential book contains the vocabulary of and an introduction to the tools and concepts employed by finance officers.
This is the first book that focuses on basic accounting in health care management. This essential book contains the vocabulary of and an introduction to the tools and concepts employed by finance officers.
Completely updated and revised chapters to reflect recent developments! This new edition covers financial management of hospitals and other health care organizations complete with financial information in management decision making,...
Revision of: Fundamentals of healthcare finance / Louis C. Gapenski. c2013. 2nd ed.
Table 16-6 Variance Analysis Summary F = 14 X P1 V = 1 , x Pv Causes of Laundry Department Cost Change , 2002 to ... in cost $ 40,500 18,000 18,900 74,800 $ 152,200 26.6 11.8 12.4 49.1 H = physical units of fixed resources price per ...
The primary weakness of Walker's model is its failure to incorporate fixed labor requirements . A flexible budgeting system should be put into effect instead . Using a high–low method to estimate costs (Chapter 14), the following budget ...
Source: Goldfield, R. 2007 (June15). Newcancerfacilities, technology arrive at hospitals. Portland Business Journal.http://portland.bizjournals.com/portland/stories/2007/06/18/focus3.html Perspective75 Market Factors and Hospital ...
If improving ROE is our goal, it is important to understand the underlying performance relationships that impact that growth. ROE is simply defined as follows: Net Income ROE Equity (or Net Assets) = However, ROE can be factored into a ...
Financial Management in Context -- Organization of Financial Management -- Financial Analysis and Management Reporting -- Tax Status of Healthcare Oganizations -- Third-Party Payment -- Medicare -- Medicaid -- Cost Accounting -- ...
Thoroughly updated for its second edition, this text reflects changes to the Affordable Care Act, Managed Care Organizations, new coding initiatives, new components of the revenue cycle (from reimbursement to compliance), updates to ...