Introduction to the Financial Management of Healthcare Organizations, Eighth Edition

To succeed in an increasingly competitive environment, healthcare managers require a full toolbox of knowledge and abilities. Yet, many managers lack financial skills or an understanding of how to apply them to their work.

 Introduction to the Financial Management of Healthcare Organizations offers a fundamental overview of how financial management works in healthcare organizations. Designed for healthcare management students, clinical students, and managers new to healthcare, the book reinforces basic concepts through mini-case studies, practice problems, and self-quizzes. A comprehensive case at the end of the book draws on information presented throughout the chapters to help readers apply their newfound financial skills to real-world healthcare scenarios.

 This heavily revised edition features current data and updated content on economics, financial accounting, laws, and regulations. Organized into modules, the book allows instructors to use the chapters that are best suited to their course and in the order that they prefer. Chapter one appendices highlight introductory content and terminology exploring statistics, economics, and financial accounting.

 New topics in this edition include:

 The status of Medicaid expansion

Changes in GAAP (generally accepted accounting principles) Fraud and abuse initiatives and settlements Payment reform, such as value-based purchasing initiatives and pricing transparency laws Healthcare reform efforts, including early indications of President Biden's agenda COVID-19 relief efforts and issues exposed by the pandemic

 Each of the book's chapters concludes with a summary of key points and discussion questions, encapsulating what readers are learning.

 The concepts and practical skills learned from this book will better equip readers to manage—and solve—the day-to-day financial problems they will face throughout their careers.

1138969318
Introduction to the Financial Management of Healthcare Organizations, Eighth Edition

To succeed in an increasingly competitive environment, healthcare managers require a full toolbox of knowledge and abilities. Yet, many managers lack financial skills or an understanding of how to apply them to their work.

 Introduction to the Financial Management of Healthcare Organizations offers a fundamental overview of how financial management works in healthcare organizations. Designed for healthcare management students, clinical students, and managers new to healthcare, the book reinforces basic concepts through mini-case studies, practice problems, and self-quizzes. A comprehensive case at the end of the book draws on information presented throughout the chapters to help readers apply their newfound financial skills to real-world healthcare scenarios.

 This heavily revised edition features current data and updated content on economics, financial accounting, laws, and regulations. Organized into modules, the book allows instructors to use the chapters that are best suited to their course and in the order that they prefer. Chapter one appendices highlight introductory content and terminology exploring statistics, economics, and financial accounting.

 New topics in this edition include:

 The status of Medicaid expansion

Changes in GAAP (generally accepted accounting principles) Fraud and abuse initiatives and settlements Payment reform, such as value-based purchasing initiatives and pricing transparency laws Healthcare reform efforts, including early indications of President Biden's agenda COVID-19 relief efforts and issues exposed by the pandemic

 Each of the book's chapters concludes with a summary of key points and discussion questions, encapsulating what readers are learning.

 The concepts and practical skills learned from this book will better equip readers to manage—and solve—the day-to-day financial problems they will face throughout their careers.

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Introduction to the Financial Management of Healthcare Organizations, Eighth Edition

Introduction to the Financial Management of Healthcare Organizations, Eighth Edition

by Michael Nowicki
Introduction to the Financial Management of Healthcare Organizations, Eighth Edition

Introduction to the Financial Management of Healthcare Organizations, Eighth Edition

by Michael Nowicki

eBookEighth edition (Eighth edition)

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Overview

To succeed in an increasingly competitive environment, healthcare managers require a full toolbox of knowledge and abilities. Yet, many managers lack financial skills or an understanding of how to apply them to their work.

 Introduction to the Financial Management of Healthcare Organizations offers a fundamental overview of how financial management works in healthcare organizations. Designed for healthcare management students, clinical students, and managers new to healthcare, the book reinforces basic concepts through mini-case studies, practice problems, and self-quizzes. A comprehensive case at the end of the book draws on information presented throughout the chapters to help readers apply their newfound financial skills to real-world healthcare scenarios.

 This heavily revised edition features current data and updated content on economics, financial accounting, laws, and regulations. Organized into modules, the book allows instructors to use the chapters that are best suited to their course and in the order that they prefer. Chapter one appendices highlight introductory content and terminology exploring statistics, economics, and financial accounting.

 New topics in this edition include:

 The status of Medicaid expansion

Changes in GAAP (generally accepted accounting principles) Fraud and abuse initiatives and settlements Payment reform, such as value-based purchasing initiatives and pricing transparency laws Healthcare reform efforts, including early indications of President Biden's agenda COVID-19 relief efforts and issues exposed by the pandemic

 Each of the book's chapters concludes with a summary of key points and discussion questions, encapsulating what readers are learning.

 The concepts and practical skills learned from this book will better equip readers to manage—and solve—the day-to-day financial problems they will face throughout their careers.


Product Details

ISBN-13: 9781640552791
Publication date: 07/25/2021
Sold by: Bookwire
Format: eBook
Pages: 500
File size: 39 MB
Note: This product may take a few minutes to download.

About the Author

Michael Nowicki, EdD, FACHE, FHFMA, is a professor of health administration at Texas State University. Dr. Nowicki received his doctorate in educational policy studies and evaluation from the University of Kentucky, his master's in healthcare administration from The George Washington University, and his bachelor's in political science from Texas Tech University. As a Fellow of the American College of Healthcare Executives, he is board certified in healthcare management. He has published dozens of articles on leadership in financial management and has provided training support to several prominent healthcare organizations.

Table of Contents

Chapter 1 - Financial Management in Context Chapter 2 - Organization of Financial Management Chapter 3 - Financial Analysis and Management Reporting Chapter 4 - Tax Status of Healthcare Organizations Chapter 5 - Third-Party Payment Chapter 6 - Medicare Chapter 7 - Medicaid Chapter 8 - Cost Accounting Chapter 9 - Reimbursement Chapter 10 - Managing Working Capital Chapter 11 - Managing Revenue Cycle Chapter 12 - Managing Materials Chapter 13 - Strategic and Operational Planning Chapter 14 - Budgeting Chapter 15 - Capital Budgeting Chapter 16 - Healthcare Reform Trends
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