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Essentials of Health Care Finance, 8ed

Essentials of Health Care Finance provides health management students and executives with the most authoritative text on financial decision-making in the health care industry.

This trusted resource explores finance theory and its practical application in health care across a full range of facilities, from hospitals and home health agencies to skilled nursing facilities, surgical centers and private physician practices.

The vast, complex nature of the U.S. health care system renders traditional approaches to finance insufficient. Importantly, Essentials of Health Care Finance couches its discussion of economics, accounting and financial topics firmly within the unique context of the health care industry.

Relevant and readable, this Eighth Edition of Essentials of Health Care Finance is fully revised and updated with current, real-world examples of financial problems and solutions as well as the latest financial ratio standards. This new edition also introduces ICD-10 coding and offers comprehensive coverage of the impact of the Affordable Care Act in all relevant chapters.

New to the Eighth Edition:

• All chapters updated with current examples and the latest financial ratio standards
• Coverage of new topics throughout including, the introduction of ICD-10 coding, the impact of the ACA
• New discussion of ACOs including ACO type cost variance analysis
• Expanded coverage of specific costing of encounters using charge code level data
• New discussion of capital project analysis in a health care system framework with corporate decision making
• New discussion and examples of hospital acquisition of physician practices

In Doody’s assessment, awarding the 8th Edition a 3-star rating, they said:

“This is a much-needed update from the seventh edition. It is relevant and provides current applications of ICD-10 coding and the Affordable Care Act in all applicable chapters.”

About the Author

Contents

Chapter 1 Financial Information and the Decision-Making Process
Chapter 2 Billing and Coding for Health Services
Chapter 3 Financial Environment of Healthcare Organizations
Chapter 4 Legal and Regulatory Environment
Chapter 5 Measuring Community Benefit
Chapter 6 Revenue Determination
Chapter 7 Health Insurance and Managed Care
Chapter 8 General Principles of Accounting
Chapter 9 Financial Statements
Chapter 10 Accounting for Inflation
Chapter 11 Analyzing Financial Position
Chapter 12 Financial Analysis of Alternative Healthcare Firms
Chapter 13 Strategic Financial Planning
Chapter 14 Cost Concepts and Decision Making
Chapter 15 Product Costing
Chapter 16 The Management Control Process
Chapter 17 Cost Variance Analysis
Chapter 18 Financial Mathematics
Chapter 19 Capital Project Analysis
Chapter 20 Consolidations and Mergers
Chapter 21 Capital Formation
Chapter 22 Working Capital and Cash Management
Chapter 23 Developing the Cash Budget