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Revision of: Fundamentals of healthcare finance / Louis C. Gapenski. c2013. 2nd ed.
"In today's evolving healthcare environment, astute financial management is more important than ever to an organization's economic well-being. Leaders throughout the enterprise not just financial managers but clinical and operational managers, too must have a solid grounding in finance to be able to improve care and deliver value. Gapenski's Fundamentals of Healthcare Finance provides a comprehensive introduction to the basic principles and applications of healthcare finance that managers use daily. In clear and succinct language, the book provides readers from students and entry-level managers to more experienced practitioners with newly added management or financial responsibilities with a detailed overview of finance topics ranging from planning and budgeting to financial operations, capital investment, and risk analysis. Practice scenarios, examples, self-test questions, sidebars on financial practices in healthcare, and running glossary definitions help bring these topics to life. This book's original author, Louis C. Gapenski, PhD, was recognized both nationally and internationally as an expert in healthcare finance. In this new edition, authors Kristin L. Reiter and Paula H. Song further refine Dr. Gapenski's concepts and teachings. In addition to updated examples and statistics, this edition includes new or expanded information on: current community benefit reporting requirement, service line costing, applications of capital investment decision analysis, international financial reporting standards, Not-for- profit accounting standards, financial accounting, and Healthcare legislation. Gapenski's Fundamentals of healthcare Finance equips readers with the knowledge, vocabulary, and understanding they need to interpret financial data and to communicate and work effectively with finance leaders in their organizations."--Description from publisher.
Instructor Resources: Test Bank, PowerPoint slides, a sample course syllabus, solutions to the end-of chapter questions and problems, and solutions to the online cases. To see a sample, click on the Instructor Resource sample tab above. Bonus Chapters 14-17 Student Companion Website - Cases Student Companion Website - Appendix A Student Companion Website - Appendix B Corrections Fundamentals of Healthcare Finance, in its second edition, continues to be ideal for individuals needing basic healthcare finance skills. This easy-to-read, content-filled book presents a broad overview of healthcare finance, but focuses on tasks that are essential to the operational management of clinical services, including estimating costs and profits, planning and budgeting, analyzing new equipment purchases, using metrics to monitor operations, and working with financial statements. To assist the learning process, this book includes critical concepts, practical scenarios, self-test questions, industry-practice sidebars, and a running glossary. The second edition has been thoroughly updated, including its many real-world examples. In addition, a section on healthcare reform has been added that includes discussions of value-based purchasing, bundling, accountable care organizations, and medical homes. Additional features in the second edition include updated accounting coverage that conforms to the latest AICPA formats and a new student engagement tool, For Your Consideration sidebars, which present scenarios designed to make students think about current, sometimes controversial, issues. Companion website includes: Bonus chapters that cover financial markets and securities; lease financing and business valuation; distributions to owners; and capitation, rate setting, and risk sharing Appendixes of financial and operational ratios and their definitions Introductory, real-world cases with questions intended for either self-directed learning or in-class use Companion casebook Cases In Health
Gapenski's Healthcare Finance: An Introduction to Accounting and Financial Management explores how healthcare organizations manage financial operations to optimally provide patient care. This significantly revised edition of one of Health Administration Press's best-selling books introduces the key foundational elements of healthcare finance, including both accounting and financial management. Numerous examples throughout showcase how healthcare finance is practiced in a variety of organizations, including hospitals, medical practices, clinics, home health agencies, nursing homes, and managed care organizations. Authors Kristin L. Reiter and Paula H. Song present the financial management and accounting concepts that are most critical to managerial decision-making. They emphasize not only financial theory and principles but also practical tools healthcare managers can use to make the crucial decisions that promote the financial well-being of their organization. Gapenski's Healthcare Finance examines the current financial environment in which providers operate, with an emphasis on health system design, healthcare insurance, and reimbursement methodologies. Dates, exhibits, references, and resources have been updated throughout. All examples and financial statements reflect current accounting and reporting standards. Extensive updates and content new to this seventh edition include: A discussion of health reform that reflects the current status of the Affordable Care Act; Information on the field's increasing focus on social determinants of health; Tax rates and examples that reflect the effects of the Tax Cuts and Jobs Act; A discussion of Medicaid expansion and health insurance exchanges; Coverage of the implications of value-based payment for the revenue cycle; Significant reorganization of the financial accounting chapters to orient students to financial accounting before the book's coverage of the income statement, statement of changes in equity, the balance sheet
The essential concepts of both accounting and financial management are covered in this best-selling healthcare finance book. Through clear explanations, numerous examples, and realistic practice problems, it arms future managers with the grounding they need to make financially sound decisions for their healthcare organizations. This thoroughly updated edition provides more emphasis on the unique marketplace for healthcare services and additional examples from nonhospital settings, including medical practices, clinics, home health agencies, nursing homes, and managed care organizations.
This second edition presents a broad overview of healthcare finance focusing on tasks that are essential to the operational management of clinical services, including estimating costs and profits, planning and budgeting, analyzing new equipment purchases, using metrics to monitor operations, and working with financial statements. It includes critical concepts, practical scenarios, self-test questions, industry-practice sidebars, and a running glossary. A section on healthcare reform has been added as well as updated accounting coverage that conforms to the latest AICPA formats and a new student engagement tool. For Your Consideration sidebars present scenarios designed to make students think about current, sometimes controversial, issues. --
In this thoroughly revised and updated third edition of Fundamentals of Health Care Financial Management, consultant and educator Steven Berger offers a practical step-by-step approach to understanding the fundamental theories and relationships guiding financial decisions in health care organization. Set in a fictional mid-sized hospital, the book is written in diary form, taking the reader into the inner workings of the finance executive's office. This introduction to the most-used tools and techniques of health care financial management includes health care accounting and financial statements; managing cash, billings and collections; making major capital investments; determining cost and using cost information in decision-making; budgeting and performance measurement; and pricing. As in the previous editions, this book introduces key practical concepts in fundamental areas of financial management.
With this casebook, students have the opportunity to apply finance principles and concepts in settings that simulate actual work environments. In that way, the book allows instructors to create a bridge between academic learning and applied practice. Each of the 32 cases presents a scenario and relevant background information about a healthcare organization and poses a financial management issue that students must analyze to recommend appropriate courses of action. The majority of cases are accompanied by spreadsheet models to help students perform the required analyses. The casebook also contains seven qualitative mini-cases created to highlight the ethical dilemmas that occasionally arise in the practice of healthcare finance. -- From publisher's description.
Applied Business Statistics for Business and Management using Microsoft Excel is the first book to illustrate the capabilities of Microsoft Excel to teach applied statistics effectively. It is a step-by-step exercise-driven guide for students and practitioners who need to master Excel to solve practical statistical problems in industry. If understanding statistics isn’t your strongest suit, you are not especially mathematically-inclined, or if you are wary of computers, this is the right book for you. Excel, a widely available computer program for students and managers, is also an effective teaching and learning tool for quantitative analyses in statistics courses. Its powerful computational ability and graphical functions make learning statistics much easier than in years past. However, Applied Business Statistics for Business and Management capitalizes on these improvements by teaching students and practitioners how to apply Excel to statistical techniques necessary in their courses and workplace. Each chapter explains statistical formulas and directs the reader to use Excel commands to solve specific, easy-to-understand business problems. Practice problems are provided at the end of each chapter with their solutions.
Now in its 7th edition this textbook is a must have for any health professional student. It provides a comprehensive overview of health research, in a concise and easy to read format using examples directly related to the health sciences. It helps students understand health research models, and how research goes on to inform and improve evidence-based clinical practice. For practitioners it provides guidance on published research in journals, providing an essential tool to keep their practice evidence based. Uses simple language and demystifies research jargon Covers both quantitative and qualitative research methodology, taking a very practical approach Provides an extensive glossary for better understanding of the language of research Fully updated online interactive self-assessment tests including MCQs, true or false questions and short answer questions.
Accounting Fundamentals for Health Care Management is ideal for an introductory course in financial accounting in both undergraduate and graduate programs. With a focus on basic accounting in health care management, this essential book contains the vocabulary of and an introduction to the tools and concepts employed by finance officers. Students will learn how to assess financial information, ask the appropriate questions, and understand the jargon-laden answers.
Revised edition of: Cases in healthcare finance / Louis C. Gapenski, George H. Pink. Fifth edition. [2014]