Introduction to the Financial Management of Healthcare Organizations, 7th Edition

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.
New to this edition:
The latest information on health reform, including the Affordable Care Act of 2010 and the Medicare Access and CHIP Reauthorization Act of 2015
A new section on the Trump administration’s plans for healthcare, including possible scenarios for the ACA
Updates on financial accounting standards, economic trends, and tax-exempt hospitals
Expanded content on Medicare and Medicaid (now separated into distinct chapters), including legislative and regulatory updates and federal fraud and abuse initiatives
Significant new information on healthcare quality, access, and cost
Readers of this book will not only learn the fundamentals of financial management but also gain experience in applying them. Mini-cases, practice problems, and self-quizzes throughout reinforce essential concepts, and a comprehensive case at the end brings the concepts to life.

Table of Contents

Part I Financial Management
Chapter 1 Financial Management in Context
Chapter 2 Organization of Financial Management
Chapter 3 Financial Analysis and Management Reporting
Chapter 4 Tax Status of Healthcare Organizations

Part II Operating Revenue
Chapter 5 Third-Party Payment
Chapter 6 Medicare
Chapter 7 Medicaid
Chapter 8 Cost Accounting
Chapter 9 Reimbursement

Part III Working Capital
Chapter 10 Managing Working Capital
Chapter 11 Managing Revenue Cycle
Chapter 12 Managing Materials

Part IV Resource Allocation
Chapter 13 Strategic and Operational Planning
Chapter 14 Budgeting
Chapter 15 Capital Budgeting

Part V Healthcare Reform: Past, Present, and Future
Chapter 16 Healthcare Reform Trends