Completely updated and revised chapters to reflect recent developments! This new edition covers financial management of hospitals and other health care organizationscomplete with financial information in management decision making, and planning and control. Written in easy to understand language, Essentials of Health Care Finance, Fourth Edition is provided with illustrations and examples to relate theory and practice. Two new chapters cover working capital management and cash budgeting. Instructor's Manual is available.
For people with industry experience and basic understanding of finance
The first half of the book focuses on the idiosyncratic aspects of the healthcare industry, and the book does a great job of clarifying much of the complexity associated with healthcare finance topics. The second half of the book dives into various topics in finance that are applicable to hospital management -- I recommend a fundamental understanding of finance before diving into these topics.
interesting book for people in healthcare industry. It gives a nice overview of healthcare industry from financial perspective. There is a little bit of overview in history and complicated billing process stemming from rules and regulations as well as how hospitals are set up (non-profit, for-profit, government run) and how to read some financial reports and use it to determine feasibility of projects and determine viability/solvency of the healthcare entities. Definitely a niche book, people not interested in healthcare industry should pass on this book.