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

This thoroughly revised and updated Fifth Edition of Financial Management of Health Care Organizations offers an introduction to the tools and techniques of health care financial management. The book covers a wide range of topics, including information on 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.

The revised edition covers new accounting changes for nonprofit hospitals with respect to net asset accounts, and includes an array of new financial statement problem sets for nonprofit hospitals. These changes also required major changes to the recording of financial transactions and implementing the latest financial ratio benchmarks.  

With the newest payment developments in the health care landscape, this new edition updates changes to  Medicare and commercial payment systems. The passage of the new tax law also impacted hospital capital markets and for-profit hospital tax rates. This latest edition explains the impact of this tax law change on tax-exempt hospital bonds purchased by banks, as well as presenting problem sets featuring the new taxes law. Finally, changes in lease financing reporting are also addressed in this edition.  

William N. Zelman is a professor emeritus in the Department of Health Policy and Administration at the University of North Carolina at Chapel Hill.

Michael J. McCue is a professor in the Department of Health Administration at Virginia Commonwealth University.

Preface

Acknowledgments

The Authors

Chapter 1 The Context of Health Care Financial Management

Chapter 2 Health Care Financial Statements

Chapter 4 Financial Statement Analysis

Chapter 5 Working Capital Management

Chapter 6 The Time Value of Money

Chapter 7 The Investment Decision

Chapter 8 Capital Financing for Health Care Providers

Chapter 9 Using Cost Information to Make Special Decisions

Chapter 10 Budgeting

Chapter 11 Responsibility Accounting

Chapter 12 Provider Cost-Finding Methods

Chapter 13 Provider Payment Systems

Glossary

Useful Websites

Index

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