Introduction to the Financial Management of Healthcare Organizations, Seventh Edition (Gateway to Healthcare Management)

This book introduces financial management in the context of the healthcare organization and the broader healthcare environment. The core finance topics are covered -- working capital, resource allocation, and financial analysis -- with a focus on the unique aspects of healthcare financial management. The objectives of healthcare financial management, the tax status of healthcare organizations, and third-party payers and payment methodologies are explained. A comprehensive overview of Medicare and Medicaid is also provided. New in this edition This edition has been thoroughly updated and redesigned to engage readers in learning. Key points, discussion questions, and on-page definitions are now included. The previously separate practice- problems book has been updated and folded into the text, providing many additional opportunities for readers to test their knowledge. The book concludes with a comprehensive case study that brings all the concepts together. The chapters on Medicare and Medicaid have been significantly expanded and updated to include information on healthcare reform and new laws pertaining to fraud and abuse. Financial management challenges are not confined to the CFO s office. Any manager in today s increasingly complex healthcare environment must have a solid grasp of finance fundamentals, and this book provides them. In straightforward language aimed at students and managers outside of finance, Introduction to the Financial Management of Healthcare Organizations covers a full range of topics. The first four sections Financial Management, Operating Revenue, Working Capital, and Resource Allocation start with core financial concepts, then delve into issues unique to the healthcare setting. Highlights include the tax status of healthcare organizations, third-party payers and payment methodologies, cost accounting and analysis, rate setting, strategic financial planning, and capital budgeting. A final section on healthcare reform analyzes important trends that will affect healthcare organizations in the future. -- Amazon.com