Essentials of Health Care Finance, Third Edition / Edition 3

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Overview

Completely updated and revised chapters reflect recent developments! This new edition covers financial management of hospitals and other health care organizationscomplete with financial information in management decision making, and planning and control. Written in easy to understand language, Essentials of Health Care Finance, Third Edition provides illustrations and examples to relate theory and practice. It includes two new chapters on working capital management and cash budgeting. Instructor's Guide is available.

The book contains black-and-white illustrations.

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Editorial Reviews

Craig A. Pedersen
This is the fourth edition of a comprehensive textbook targeted at students of healthcare management and executives in the industry. It weaves the disciplines of accounting, finance, and economics into a treatise that guides decision makers in the changing healthcare marketplace. The purpose of this text has remained the same since the first edition was published in 1978. It is designed to provide a relevant and readable text for healthcare management students and executives. The author addresses a critical need in the area of healthcare finance. This text is written for healthcare management students and executives. Practitioners would also benefit from this book by further understanding the dynamic forces facing executives in the healthcare industry. The author is a credible authority in the area. The quality and pertinence of illustrations is excellent. Most useful are the detailed examples provided in each chapter. At the end of each chapter, assignments and solutions are provided that supplement learning. A welcome feature is a complete and useful index. Perhaps the only disappointment is the lack of references. This text should be included in the curriculum of all healthcare administration and management students. It assumes basic knowledge of accounting, finance, and economics. Critical concepts are presented in an easy-to-understand manner. No university with programs in the health professions, public health, or health administration should be without this text in its library. Additionally, this book should be in the library of all health care organizations (providers, institutions, and payers) serious about efficient financial management. Clinicians would alsobenefit from the comprehensive nature of the text. Suggestions from university faculty who adopted the third edition were used to improve this edition. It is worth replacing the previous edition on your bookshelf.
From The Critics
Reviewer:Craig A. Pedersen, PhD(Creighton University)
Description:This is the fourth edition of a comprehensive textbook targeted at students of healthcare management and executives in the industry. It weaves the disciplines of accounting, finance, and economics into a treatise that guides decision makers in the changing healthcare marketplace.
Purpose:The purpose of this text has remained the same since the first edition was published in 1978. It is designed to provide a relevant and readable text for healthcare management students and executives. The author addresses a critical need in the area of healthcare finance.
Audience:This text is written for healthcare management students and executives. Practitioners would also benefit from this book by further understanding the dynamic forces facing executives in the healthcare industry. The author is a credible authority in the area.
Features:The quality and pertinence of illustrations is excellent. Most useful are the detailed examples provided in each chapter. At the end of each chapter, assignments and solutions are provided that supplement learning. A welcome feature is a complete and useful index. Perhaps the only disappointment is the lack of references.
Assessment:This text should be included in the curriculum of all healthcare administration and management students. It assumes basic knowledge of accounting, finance, and economics. Critical concepts are presented in an easy-to-understand manner. No university with programs in the health professions, public health, or health administration should be without this text in its library. Additionally, this book should be in the library of all health care organizations (providers, institutions, and payers) serious about efficient financial management. Clinicians would also benefit from the comprehensive nature of the text. Suggestions from university faculty who adopted the third edition were used to improve this edition. It is worth replacing the previous edition on your bookshelf.
From The Critics
This textbook for students of financial management and health care administration focuses on the mechanics of financial analysis and the process of informed decision-making. It outlines the common forms of ownership in the industry, reimbursement methods, legal and regulatory issues, revenue sources, financial functions within an organization, direct and indirect costs, and debt and equity financing. The authors are associated with The Ohio State University. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Booknews
A text for students and executives in health care management, blending topics of accounting and finance to cover those types of financial decisions that health care executives are most likely to be involved with. Coverage includes the economic environment of health care firms, managed care, financial reporting, financial analysis and planning, managerial cost accounting, capital budgeting and formation in both taxable and voluntary nonprofit situations, and cash budgeting. Comparative financial and operating benchmark values are included for hospitals, HMOs, nursing homes, and medical groups. Includes chapter exercises and worked solutions. Annotation c. by Book News, Inc., Portland, Or.

4 Stars! from Doody
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Product Details

  • ISBN-13: 9780834203419
  • Publisher: Wolters Kluwer Law & Business
  • Publication date: 7/28/1992
  • Edition description: Older Edition
  • Edition number: 3
  • Pages: 504

Table of Contents

Contents Financial Information and the Decision-Making Process
• Financial Environment of Health Care Organizations
• General Principles of Accounting
• Financial Statements
• Accounting for Inflation
• Analyzing Financial Statements
• Strategic Financial Planning
• Cost Concepts and Decision Making
• Product Costing
• The Management Control Process
• Cost Variance Analysis
• Financial Mathematics
• Capital Project Analysis
• Capital Formation
• Working Capital and Cash Management
• Developing the Cash Budget

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