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Doody's Review ServiceReviewer: Elaine M. Asper, PhD (University of North Carolina Chapel Hill School of Public Health)
Description: This is a healthcare financial management text that stresses a finance function orientation over the more traditional accounting orientation. It focuses on long-term financial issues, including information on the external financial environments and how they affect decisions in healthcare organizations.
Purpose: The book is designed to give students the skills necessary for making sound financial decisions. Intended to be user-friendly, the author illustrates the material in most chapters by guiding the reader through an integrated case. End-of-the-chapter cases provide an opportunity to apply these theories and financial planning tools to actual healthcare situations.
Audience: It is intended to be used as a text and reference for graduate health administration students and practicing administrators. Although designed for readers who have a background in business topics, it can be adapted for use with students lacking this background.
Features: The book includes a chapter on unique features of the healthcare environment, including the latest reimbursement changes, as well as a chapter on capitation and risk-sharing. It is well illustrated with appropriate exhibits and features self-help questions at the end of each section. The cases provide an opportunity to apply the theoretical material, but most chapters would have benefited from problems as well. The model diskette is a useful feature.
Assessment: This is a valuable and readable financial management text that should be purchased by libraries and individuals. It clearly achieves its goals for the graduate student and for the practitioner audience learning the material. However, the case format that makes it readable also makes it harder to use as a reference.