Health organizations have a responsibility to manage finances. Managing finances correctly is critical to the success of any healthcare organization. This has an impact on the quality of care given to its patients.
Every healthcare organization has its differences in managing its finances, and the best approach for each particular organization will depend on specific needs and circumstances.
However, there are some common financial management practices that all healthcare organizations must follow to ensure their financial stability.
Here we convey the title of the book that can be a guide for health organizations to manage their finances.
Book Description
The book entitled Financial Management of Health Care Organizations 5th Edition, review, pdf, ebook, and free download was written by William N. Zelman, Michael J. McCue, Noah D. Glick, Marci S. Thomas. This fifth edition was revised and updated by the publisher thoroughly. Its content is about the introduction of financial management tools and techniques for health organizations.
Based on the Amazon page, it reports that the scope of this book is very complete, including information about health care systems and evolving replacement methodologies; health care accounting and financial statements; managing cash, bills, and collections; the time value of money and analyzing and financing large capital investments; determining cost information and using costs in decision making; budgeting and performance measurement; and pricing.
Furthermore, this fifth edition also includes new accounting changes for non-profit hospitals with respect to net asset accounts and includes a series of new financial statement issues for non-profit hospitals.
This change also requires major changes to the recording of financial transactions and the application of the latest financial ratio benchmarks.
This latest edition explains to the reader the impact of changes in tax laws. It also includes tax-exempt hospital bonds purchased by banks, as well as presenting a collection of issues featuring new tax laws.
Finally, this book also discusses changes in rental financing reporting.
Published by the company Jossey-Bass, this book came out on July 28, 2020, and now many people have bought it in the marketplace. The original language of the book is English with a total of 704 pages.
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Table of Contents
Cover
PREFACE
Major Changes in the Fifth Edition
ACKNOWLEDGMENTS
THE AUTHORS
CHAPTER 1: THE CONTEXT OF HEALTH CARE FINANCIAL MANAGEMENT
Changing Methods of Health Care Financing and Delivery
Addressing the High Cost of Care
Value‐Based Payment Mechanisms
Summary
CHAPTER 2: HEALTH CARE FINANCIAL STATEMENTS
The Balance Sheet
The Statement of Operations
The Statement of Changes in Net Assets
The Statement of Cash Flows
Summary
Key Equations
Appendix A: Financial Statements for Sample Not‐for‐Profit and For‐Profit Hospitals, and Notes to Financial Statements
CHAPTER 3: PRINCIPLES AND PRACTICES OF HEALTH CARE ACCOUNTING
The Books
An Example of the Effects of Cash Flows on Profit Reporting under Cash and Accrual Accounting
Recording Transactions
Developing the Financial Statements
Summary
CHAPTER 4: FINANCIAL STATEMENT ANALYSIS
Horizontal Analysis
Trend Analysis
Vertical (Common‐Size) Analysis
Ratio Analysis
Key Points to Consider When Using and Interpreting Ratios
Liquidity Ratios
Revenue, Expense, and Profitability Ratios
Activity Ratios
Capital Structure Ratios
Summary
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Key Equations
CHAPTER 5: WORKING CAPITAL MANAGEMENT
Working Capital Cycle
Working Capital Management Strategies
Cash Management
Sources of Temporary Cash
Revenue Cycle Management
Collecting Cash Payments
Investing Cash on a Short‐Term Basis
Forecasting Cash Surpluses and Deficits: The Cash Budget
Accounts Receivable Management
Methods to Monitor Revenue Cycle Performance
Fraud and Abuse
Summary
Key Equations
CHAPTER 6 THE TIME VALUE OF MONEY
Future Value of a Dollar Invested Today
Present Value of an Amount to Be Received in the Future
Future and Present Values of Annuities
Future and Present Value Calculations and Excel Functions for Special Situations
Summary
Key Equations
Appendix B: Future and Present Value Tables
CHAPTER 7: THE INVESTMENT DECISION
Objectives of Capital Investment Analysis
Analytical Methods
Using an NPV Analysis for a Replacement Decision
Summary
Sorry, we did not attach all the table of contents of this book.
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About of Author
The book was written by four scientists who already have recognition from the college. They were William N. Zelman, Michael J. McCue, Noah D. Glick, Marci S. Thomas.
Regarding the full profile of the author, you can search for it on the internet page. Nowadays, it is easy to find out people’s data.
Product Details
Publisher : Jossey-Bass; 5th edition (July 28, 2020)
Language : English
Hardcover : 704 pages
ISBN-10 : 1119553849
ISBN-13 : 978-1119553847
Item Weight : 2.89 pounds
Dimensions : 7.7 x 1.7 x 9.4 inches
Where to Buy Books
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Especially to buy this book, you can shop at bookstores such as Amazon and eBay as well as Vitalsource. Of the three bookstores, you can compare which stores offer cheaper prices.
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The price of digital books is cheaper than the price of printed books.
Download Free
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A free book that can be downloaded for free in the form of PDF, eBook, and EPUB. If you are looking for a Kindle, then you will have to subscribe to the Amazon company.
Please be aware that not all free books get permission from the publishing company. You still buy the option if you don’t find access to this book for free download.
Closing
Finally, health organizations need guidance in managing finances properly. This book is here to provide the solution. By reading this Financial Management of Health Care Organizations 5th Edition, then you are among those who care about the progress of your health organization.
