Financial Management for Health Care Administrators

by Ronald J. Hy

Overview

Written for health care administrators with little accounting or finance background, this book provides a readable, easily understood overview of health care finance. Hy fully discusses accounting concepts, working capital, rate setting, cost analysis, accounts receivable, revenue sources, and inventory management. The abundant use of figures facilitates the understanding of complex financial concepts such as the financial functions involved with implementing operational and capital budgets, managing different types of accounts, determining costs, and setting prices. The aim throughout is to acquaint readers with the concepts involved and enable them to communicate effectively with finance officials.

In addition to thorough coverage of health care finance issues, the book also deals with some functions not normally covered in texts on the subject. These include both a thorough exploration of various types of revenue sources and an explanation of techniques used to cut costs associated with inventories, thereby saving organizations money. Especially valuable are appendices which illustrate two different procedures for estimating volume—the heart of financial forecasting. Practicing health care administrators whose job requires financial proficiency as well as students with no financial training will find this book an indispensable resource.

Product Details

ISBN-13:	9780899303734
Publisher:	Bloomsbury Academic
Publication date:	08/22/1989
Pages:	177
Product dimensions:	6.14(w) x 9.21(h) x 0.44(d)

About the Author

RONALD JOHN HY is Director of the Division of Governmental Studies at the University of Arkansas at Little Rock. He has authored or coauthored five previous books, including Research Methods and Statistics and Using the Computer in the Social Sciences.

Table of Contents

Preface
Introduction to Financial Management
Financial Management
Accounting Concepts
Revenue Sources
Importance of Working Capital
Rate Setting
Cost Analysis
Accounts Receivable
Inventory Management
Appendix A: Using Time Series Analysis to Project Volume
Appendix B: Using Linear Programming to Project Volume
References
Index