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Zelman / McCue / Glick

Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts and Applications

Medium: Buch
ISBN: 978-1-118-46656-8
Verlag: JOSSEY BASS
Erscheinungstermin: 21.02.2014
Lieferfrist: bis zu 10 Tage

This new Fourth Edition of Financial Management of Health Care Organizations, offers an introduction to the most-used tools and techniques of health care financial management, including 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.

New to this edition: The Perspectives sections and the glossary have been updated. The book features a cutting-edge view of the health care landscape in 2013 and beyond after passage and pending implementation of the Affordable Care Act. Areas of expanded content include revised examples of financial statements for both private non-profit hospitals and investor-owned hospital management companies, changes in bad debt and charity care, the role of financial statements, the discount rate or cost of capital, lease financing section, use of cost information, budgeting, cost centers, and current forms of reimbursement Content new to this edition includes valuation of accounts receivable and the "waterfall" effect of cash collections, differences between Posting-Date and Service-Date reporting methodologies, calculation of effective annual interest rate, application of time value of money in perspectives, and Activity-Based Costing from the perspective of labor, supplies, and equipment.


Produkteigenschaften


  • Artikelnummer: 9781118466568
  • Medium: Buch
  • ISBN: 978-1-118-46656-8
  • Verlag: JOSSEY BASS
  • Erscheinungstermin: 21.02.2014
  • Sprache(n): Englisch
  • Auflage: 4. Auflage 2014
  • Produktform: Gebunden
  • Gewicht: 1211 g
  • Seiten: 704
  • Format (B x H x T): 180 x 243 x 40 mm
  • Ausgabetyp: Kein, Unbekannt
  • Vorauflage: 978-0-470-49752-4
Autoren/Hrsg.

Autoren

Preface xiiiAcknowledgments xixThe Authors xxiChapter 1 The Context of Health Care Financial Management 1Changing Methods of Health Care Financing and Delivery 3Addressing the High Cost of Care 9Establishing Value-Based Purchasing 21Summary 23Key Terms 24Review Questions 24Chapter 2 Health Care Financial Statements 27The Balance Sheet 28The Statement of Operations 51The Statement of Changes in Net Assets 65The Statement of Cash Flows 68Summary 73Key Terms 75Key Equations 75Review Questions and Problems 76Appendix A: Financial Statements for Sample Not-for-Profit and For-Profit Hospitals, and Notes to Financial Statements 86Chapter 3 Principles and Practices of Health Care Accounting 103The Books 103An Example of the Effects of Cash Flows on Profit Reporting under Cash and Accrual Accounting 106Recording Transactions 110Developing the Financial Statements 120Summary 126Key Terms 127Review Questions and Problems 127Chapter 4 Financial Statement Analysis 137Horizontal Analysis 138Trend Analysis 143Vertical (Common-Size) Analysis 144Ratio Analysis 146Liquidity Ratios 151Revenue, Expense, and Profitability Ratios 161Activity Ratios 172Capital Structure Ratios 175Summary 183Key Equations 186Key Terms 187Review Questions and Problems 187Chapter 5 Working Capital Management 209Working Capital Cycle 209Working Capital Management Strategies 211Cash Management 215Sources of Temporary Cash 216Revenue Cycle Management 222Collecting Cash Payments 225Investing Cash on a Short-Term Basis 228Forecasting Cash Surpluses and Deficits: The Cash Budget 230Accounts Receivable Management 233Methods to Monitor Revenue Cycle Performance 237Fraud and Abuse 239Summary 243Key Terms 246Key Equations 246Review Questions and Problems 246Chapter 6 The Time Value of Money 259Future Value of a Dollar Invested Today 259Present Value of an Amount to Be Received in the Future 266Future and Present Values of Annuities 270Future and Present Value Calculations and Excel Functions for Special Situations 275Summary 283Key Terms 284Key Equations 284Review Questions and Problems 286Appendix B: Future and Present Value Tables 291Chapter 7 The Investment Decision 301Objectives of Capital Investment Analysis 302Analytical Methods 306Using an NPV Analysis for a Replacement Decision 320Summary 325Key Terms 327Key Equation 327Review Questions and Problems 327Appendix C: Technical Concerns in Calculating Net Present Value 335Appendix D: Adjustments for Net Working Capital 342Appendix E: Tax Implications for For-Profit Entities in a Capital Budgeting Decision and the Adjustment for Interest Expense 344Appendix F: Comprehensive Capital Budgeting Replacement Cost Example 348Chapter 8 Capital Financing for Health Care Providers 359Equity Financing 362Debt Financing 364Bond Issuance Process 375Lease Financing 387Summary 392Key Terms 393Key Equations 394Review Questions and Problems 394Appendix G: Bond Valuation, Loan Amortization, and Debt (Borrowing) Capacity 399Chapter 9 Using Cost Information to Make Special Decisions 409Break-Even Analysis 410Product Margin 433Applying the Product Margin Paradigm to Making Special Decisions 438Summary 445Key Terms 446Key Equations 447Review Questions and Problems 447Appendix H: Break-even Analysis for Practice Acquisition 458Chapter 10 Budgeting 465The Planning-and-Control Cycle 465Organizational Approaches to Budgeting 470Types of Budgets 481Monitoring Variances to Budget 489Group Purchasing Organizations 491Summary 493Key Terms 495Key Equation 496Review Questions and Problems 496Appendix I: An Extended Example of How to Develop a Budget 498Chapter 11 Responsibility Accounting 521Decentralization 521Types of Responsibility Centers 524Measuring the Performance of Responsibility Centers 529Budget Variances 532Summary 544Key Terms 546Key Equations 546Review Questions and Problems 547Chapter 12 Provider Cost-Finding Methods 551Cost-to-Charge Ratio 551Step-Down Method 552Activity-Based Costing 559Summary 571Key Terms 572Review Questions and Problems 572Chapter 13 Provider Payment Systems 579Evolution of the Payment System 583Risk Sharing and the Principles of Insurance 608Evolving Issues 614Technology 614Summary 616Key Terms 617Review Questions and Problems 618Appendix J: Cost-Based Payment Systems 619Glossary 627Useful Websites and Apps 653Index 659