Health Care Finance with Navigate 2 Advantage Access & Navigate 2 Scenario for Health Care Finance: Basic Tools for Nonfinancial Managers / Edition 5

by Judith J. Baker, R.W. Baker, Neil R. Dworkin

Overview

Health Care Finance: Basic Tools for Nonfinancial Managers, Fifth Edition is the most practical and applied text for those who need a basic and better understanding of health care financial management.

Using actual examples from hospitals, long-term care facilities, and home health agencies, this user-friendly text includes practical information for the nonfinancial manager charged with budgeting.

This exhaustive revision offers updated data throughout as well as six new chapters covering various cutting edge topics from the changing landscape in healthcare finance to understanding big data, strategic relationships, value based health care, and new payment methods.

New to the Fifth Edition:

Six new chapters that explore cutting edge topics from big data and the digital age, to value-based health care, MIPS & APMS, new requirements for payments in post-acute care.
New case study: “The Doctor’s Dilemma”
Three new appendices offer helpful reference material on meaningful use, creating a DRG budget, and reviewing a comparative operating budget report.

Product Details

ISBN-13:	9781284118216
Publisher:	Jones & Bartlett Learning
Publication date:	02/23/2017
Pages:	610
Product dimensions:	6.90(w) x 9.90(h) x 1.70(d)

About the Author

Executive Director, Resource Group, Ltd.

Table of Contents

Part I HEALTH CARE FINANCE OVERVIEW
Chapter 1 Introduction to Health Care Finance
Chapter 2 Four Things the Health Care Manager Needs to Know About Financial Management Systems
Chapter 3 The Digital Age: Changing the Landscape of Healthcare Finance
Part II RECORD FINANCIAL OPERATIONS
Chapter 4 Assets, Liabilities and Net Worth
Chapter 5 Revenues (Inflow)
Chapter 6 Expenses (Outflow)
Chapter 7 Cost Classifications
Part III TOOLS TO ANALYZE & UNDERSTAND FINANCIAL OPERATIONS
Chapter 8 Cost Behavior and Break-Even Analysis
Chapter 9 Understanding How Inventory and Depreciation Concepts Affect Operational Results
Chapter 10 Staffing: Methods, Operations & Regulations
Part IV Report and Measure Financial Results
Chapter 11 Reporting as a Tool
Chapter 12 Financial and Operating Ratios as Performance Measures
Chapter 13 The Time and Value of Money
Chapter 13-A Present Value Table (The Present Value of $1.00)
Chapter 13-B Compound Interest Table Compound Interest of $1.00 (The Future Amount of $1.00)
Chapter 13-C Present Value of an Annuity of $1.00
Part V Tools to Review and Manage Comparative Data
Chapter 14 Trend Analysis, Common Sizing, and Forecasted Data
Chapter 15 Using Comparative Data
Part VI Construct and Evaluate Budgets
Chapter 16 Operating Budgets
Chapter 16-A Creating a DRG Budget for Respiratory Care: The Resource Consumption Approach
Chapter 16-B Reviewing a Comparative Operating Budget Report
Chapter 17 Capital Expenditure Budgets
Chapter 17-A A Further Discussion of Capital Budgeting Methods
Part VII Tools to Plan, Monitor, and Control Financial Status
Chapter 18 Variance Analysis and Sensitvity Analysis
Chapter 19 Understanding Investment Terms & Statistical Terms Used in Finance
Chapter 20 Understanding the Impact of Data Analytics and Big Data
Part VIII Financial Terms, Costs and Choices
Chapter 21 Understanding Investment Terms & Statistical Terms Used in Finance
Chapter 22 Business Loans and Financing Costs
Chapter 22-A Sample Amortization Schedule
Chapter 23 Choices: Owning versus Leasing Equipment
Part IX Strategic Planning: A Powerful Tool
Chapter 24 Strategic Planning and the Healthcare Financial Manager
Chapter 24-A Appendix: Sample SWOT Worksheets & Question Guides
Chapter 25 Putting It All Together: Creating a Business Plan
Chapter 26 Understanding Strategic Relationships: Health Delivery Systems, Finance and Reimbursement
Part X Information as a Financial & Strategic Tool
Chapter 27 Understanding Value-Based Health Care and Its Financial & Digital Outcomes
Chapter 28 New Payment Methods & Measures: MIPS & APMs for Eligible Professionals
Chapter 28-A Meaningful Use: Modified and Streamlined, With A New Name
Chapter 29 Standardizing Measures & Payment In Post-Acute Care: New Requirements
Chapter 30 ICD-10 Implementation Continues: Finance & Strategic Challenges for the Manager
Chapter 30-A Appendix: ICD-10 Conversion Costs for a Midwestern Hospital
Part XI Case Studies
Chapter 31 Case Study: The Doctor’s Dilemma
Chapter 32 Case Study: Strategic Financial Planning in Long-Term Care
Chapter 33 Case Study: Metropolis Health System
Chapter 33-A Case Study Appendix: Metropolis Health System’s Financial Statements & Excerpts from Notes
Chapter 33-B Case Study Appendix: Comparative Analysis Using Financial Ratios and Benchmarking Helps Turn Around a Hospital in the Metropolis Health System
Chapter 33-C Case Study Appendix: Proposal to Add a Retail Pharmacy to a Hospital in the Metropolis Health System
Part XIII Mini-Case Studies
Chapter 34 Mini-Case Study 1: The Economic Significance of Resource Misallocation: Client Flow through the Women, Infants, and Children Public Health Program
Chapter 35 Mini-Case Study 2: Technology in Health Care: Automating Admissions Processes
Appendix A Checklists