Introduction to the Financial Management of Healthcare Organizations, Ninth Edition

by Nowicki, Michael

• ISBN13: 9781640554177
• ISBN10: 1640554173
• Edition: 9th
• Format: Paperback
• Copyright: 2024-03-26
• Publisher: American College of Healthcare Executives

Summary

Regardless of their position or level within an organization, all healthcare managers need to understand the financial effects of their decisions. Introduction to the Financial Management of Healthcare Organizations provides an accessible overview of financial management concepts and their application in a variety of healthcare settings. The first section of the book lays the groundwork by covering the basics of financial analysis and reporting, generally accepted accounting principles, and the tax status of healthcare organizations. Subsequent chapters delve into the core topics of operational revenue, working capital, and resource allocation. The book ends with a discussion of contemporary issues and trends. This revised ninth edition features current data, an economics appendix complete with terminology, and a new comprehensive case study at the end of the book. New or updated content includes the status of the Affordable Care Act and Medicaid expansion and payment reform. The book also reinforces concepts through mini case studies, practice problems, and self-quizzes. A running glossary, a list of abbreviations, and lists of chapter key points further aid comprehension.

Author Biography

Michael Nowicki, EdD, FACHE, FHFMA, is a professor of health administration at Texas State University, where he was recognized as teacher of the year. Prior to his teaching career, Dr. Nowicki was director of process management in the hospital division of Humana. He also held administrative positions at Valley Medical Center in Fresno, Hutzel Hospital in Detroit, Georgetown University Medical Center, and Lubbock Medical Center. Dr. Nowicki has held leadership roles in various healthcare management organizations and is a regular presenter at their events.

Table of Contents

Chapter 1 - Financial Management in Context Chapter 2 - Organization of Financial Management Chapter 3 - Financial Analysis and Management Reporting Chapter 4 - Tax Status of Healthcare Organizations Chapter 5 - Third-Party Payments Chapter 6 - Medicare Chapter 7 - Medicaid Chapter 8 - Cost Accounting Chapter 9 - Reimbursement