Fundamentals of Health Care Financial Management: A Practical Guide to Fiscal Issues and Activities

Fundamentals of Health Care Financial ManagementThird EditionIn this thoroughly revised and updated third edition of Fundamentals of Health Care Financial Management, consultant and educator Steven Berger offers a practical step-by-step approach to understanding the fundamental theories and relationships guiding financial decisions in health care organizations. This introduction to the most-used tools and techniques of health care financial management includes health care accounting and financial statements; managing cash, billings, and collections; making major capital investments; determining cost's and using cost information in decision-making; budgeting and performance measurement; and pricing. As in the previous editions, this book introduces key practical concepts in fundamental areas of financial management, such as:*Rules, regulations, policies, and procedures that influence health care*financial management*Changes in the tax laws, reimbursement patterns, and an update on privacy regulations*How to analyze financial statements of a health care organization as a basis*for assessing the profitability, liquidity, asset efficiency, capital structure, and sustainable growth of the organization*The preparation of a basic financial forecast using baseline financial statements and projection assumptions*Application of the principles of cost behavior and cost allocation to the*preparation of a basic budget*The elements of working capital management