Main description:

Healthcare Financial Management: Applied Concepts and Practical Analyses is a comprehensive and engaging resource for students in health administration, health management, and related programs. It brings together the problem-solving, critical-thinking, and decision-making skills that students need to thrive in a variety of health administration and management roles.

Engaging case studies, practice problems, and data sets all focus on building the core skills and competencies critical to the success of any new health administrator. Real-world examples are explored through a healthcare finance lens, spanning a wide variety of health care organizations including hospitals, physician practices, long-term care, and more. Core conceptual knowledge is covered in detailed chapters, including accounting principles, revenue cycle management, and budgeting and operations management. This conceptual knowledge is then brought to life with an interactive course project, which allows students to take ownership of and apply their newly-acquired skills in the context of a nuanced real-world scenario.

Healthcare Financial Management is an engaging and thorough resource that will equip students with both the theoretical and practical skills they need to make a difference in this dynamic and rapidly-growing field.

Key Features:

Student-focused textbook that builds critical thinking, problem-solving and decision-making skills around financial strategy, financial management, accounting, revenue cycle management, budgeting and operations, and resource management
20+ years of the author's professional industry experience is applied to the textbook theory, preparing students for the complexities of real-world scenarios
Microsoft Excel exercises accompany the standard healthcare finance calculations, for hands-on practice and application of concepts
Chapter case studies based on timely subject matter are presented at the end of every chapter to reinforce key concepts
An interactive course project demonstrates the entire healthcare finance role by bringing together the healthcare finance concepts and calculations in an all-inclusive exercise
E-book access - included with every printed copy purchase, accessible on most mobile devices (also available as an E-book only)

Contents:

MODULE I: HEALTHCARE INDUSTRY FRAMEWORK
Chapter 1: The Business of Healthcare
Chapter 2: The Healthcare Sector, Supporting Industries and System Organization
Chapter 3: Finance Department Structure, Function and Roles
MODULE II: ACCOUNTING PRINCIPLES REVIEW
Chapter 4: Financial and Managerial Accounting
Chapter 5: General Ledger Categorization and Recording Transactions
Chapter 6: Financial Statements Analysis, Benchmarking and Decision Making
MODULE III: HEALTHCARE REVENUE CYCLE MANAGEMENT
Chapter 7: Revenue Cycle Management--Health Insurance and Other Payment Mechanisms
Chapter 8: Revenue Cycle Management--Cost Estimation and Rate Calculations
Chapter 9: Revenue Cycle Management--Billing, Coding and Collections
Chapter 10: Reimbursement Mechanisms and Revenue Recognition
MODULE IV: BUDGETING AND OPERATIONS
Chapter 11: The Budgeting Process
Chapter 12: The Capital Budget, Investments and Financing Decisions
Chapter 13: Financial Performance and Evaluation
MODULE V: RESOURCE MANAGEMENT
Chapter 14: Human Resources and Labor Management
Chapter 15: Healthcare Supply Chain Management
Chapter 16: Course Project-SurgiFlex Robotic Surgery System
Appendices
Healthcare Industry Challenges and Issues: Moving the Industry Forward
Microsoft Excel Quick Notes
Additional Practice Problems
Additional Data Tables
List of Acronyms
Glossary
Index