Fundamentals of Healthcare Finance, Fourth Edition

by Paula H. Song, Kristin L. Reiter

Overview

Financial realities play an important role in many, if not most, management decisions made in healthcare organizations. Financial acumen is a critical professional competency for all healthcare managers, regardless of the functional area or setting they work in.

 

Fundamentals of Healthcare Finance provides a solid grounding in the principles and tools of accounting and finance that managers use daily. From planning and budgeting to risk analysis and financial reporting, core concepts are clearly explained and supported by real-world examples.

 

This fourth edition has been updated throughout to reflect the most recent payment models and current financial accounting standards. A new chapter describes the role that internal control and governance play in ensuring the accuracy of financial information, as well as strategies for identifying and preventing errors and fraud.

 

Other new content in this edition covers:

Rate and efficiency variances Revenue cycle management and new reimbursement models The new revenue recognition standard and its implementation The growth in (and importance of) data-driven decision-making Accounting changes for lease arrangements

 

The book's concepts are reinforced with practice scenarios, contemporary examples, self-test questions, sidebars, and a running glossary.

 

Fundamentals of Healthcare Finance provides managers with the financial proficiency they need to ensure their department and organization run optimally. 

Product Details

ISBN-13:	9781640553194
Publisher:	Academic Series
Publication date:	08/05/2022
Series:	Academic Series , #1
Sold by:	Bookwire
Format:	eBook
Pages:	500
File size:	26 MB
Note:	This product may take a few minutes to download.

About the Author

Paula H. Song, PhD, is the Richard M. Bracken Professor and Chair of the Department of Health Administration in the College of Health Professions at Virginia Commonwealth University. Her research and teaching interests cover areas such as healthcare financial management, investment strategies in not-for-profit hospitals, payment reform, and business case evaluation for health initiatives. Dr. Song received a doctorate in health services organization and policy as well as master's degrees in health services administration and applied economics from the University of Michigan in Ann Arbor. She has published more than 50 peer-reviewed articles and has coauthored five leading textbooks in healthcare finance. In 2020, Dr. Song was awarded the John D. Thompson Prize by the Association of University Programs in Health Administration.

Kristin L. Reiter, PhD, is a professor and associate chair in the Department of Health Policy and Management of the Gillings School of Global Public Health at the University of North Carolina at Chapel Hill, where she specializes in healthcare finance. She is also a research fellow in the Cecil G. Sheps Center for Health Services Research and an investigator with the North Carolina Rural Health Research Program, both at the University of North Carolina at Chapel Hill. Prior to joining academia, Dr. Reiter worked in public accounting, serving not-for-profits and clients in the insurance industry. She is a coauthor of more than 60 peer-reviewed articles and two leading textbooks in healthcare finance.

Table of Contents

Chapter 1 - Introduction to Healthcare Finance Chapter 2 - Healthcare Business Basics Chapter 3 - Paying for Health Services Chapter 4 - Estimating Cost Chapter 5 - Pricing Decisions and Profit Analysis Chapter 6 - Planning and Budgeting Chapter 7 - Managing Financial Operations Chapter 8 - Business Financing and the Cost of Capital Chapter 9 - Capital Investment Decision Basics Chapter 10 - Project Cash Flow Estimation and Risk Analysis Chapter 11 - Reporting Profits Chapter 12 - Reporting Assets, Financing, and Cash Flows Chapter 13 - Assessing Financial Condition Chapter 14 - Internal Control Over Financial Reporting and Effective Board Governance