Synopses & Reviews
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.
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)
Review
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
Table of Contents
PART I: Introduction to Health Care Organizations. Ch 1: Financial Management in Health Care Organizations. Ch 2: Agency Problems and Agency Costs. PART II: Tools. Ch 3: Accounting and Cash Flow Analysis. Ch 4: Organizational Diagnostics: Financial Statement Analysis. Ch 5: The Time Value of Money. Ch 6: Valuing Assets. Ch 7: Cost Behavior. Ch 8: Budgeting and Variance Analysis. PART III: The Financial Market Environment. Ch 9: Financial Markets: Institutes, Risk, and Return. PART IV: Selecting Long Term Assets and Programs. Ch 10: The Basics of Capital Budgeting. Ch 11: Special Topics in Capital Budgeting. PART V: Managing Long Term Financial Assets: The Endowment. Ch 12: Managing the Endowment. PART VI: Long Term Financing. Ch 13: External Financing: Sources. Ch 14: Procedures for Long Term Financing. Ch 15: Access to Capital and Organizational Viability. PART VII: Managing Short Term Assets and Liabilities. Ch 16: Principles of Working Capital Management. Ch 17: Cash, Marketable Securities, and Patient Accounts. Ch 18: Inventory Management: Mathematics and Judgement. Ch 19: Current Liabilities: Short Term Financing. PART VIII: Frontiers of Health. Care Financial Management. Ch 20: Beyond Bean Counting.