Essentials of Health Care Organization Finance A Primer for Board Members

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2004-09-22
  • Publisher: Jossey-Bass

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Supplemental Materials

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"Finally! The book that all health care board members needed but were afraid to ask for! Those dark days of staring at incomprehensible numbers during board meetings, of nervous nodding when their financially-literate brethren make comments or ask questions, of voting on things that they do not understand are gone! This book is long overdue and should be read by every trustee who is not a finance professional." --James E. Orlikoff, president, Orlikoff & Associates, Inc. and executive director, American Governance & Leadership GroupAccounting for $1.4 trillion in expenditures (13.7 percent of gross domestic product), health care is one of the nation's largest and fastest growing industries. This concise, expertly written primer on health care organization finance is a nuts and bolts guide to what has become every hospital's most sensitive topic. Health care organization board members must possess basic financial competence to govern effectively. This book will help them acquire, easily and painlessly, the basic financial literacy essential for discharging their roles and fulfilling their fiduciary duties.

Author Biography

<b>Dennis D. Pointer</b> is Austin Ross Professor at the University of Washington, School of Public Health and Community Medicine. He is one of the country&#8217;s most highly regarded governance consultants. Two of his previous books, Really Governing and Board Work have won the James Hamilton Book of the Year Award from the American College of Healthcare Executives. <p> <b>Dennis M. Stillman</b> is associate director, Program in Health Services at the University of Washington where he teaches graduate-level courses in accounting and finance. For twelve years, he was chief financial officer at the University of Washington Medical Center.

Table of Contents

List of Exhibits.
About the Authors.
1. Governing.
Governance Work.
Governance “Enablers”.
In the Boardroom.
2. Financial Responsibilities.
Monitoring and Assessing.
Controls and the Audit.
In the Boardroom.
3. Health Care Industry Financial Structure and Dynamics.
The Big Picture.
Health Insurance.
Voluntary Health Insurance.
Social Insurance (Medicare).
Welfare Insurance (Medicaid).
Health Maintenance Organizations.
4. Accounting Basics.
Accounting Principles.
Accounting Entity.
Accounting Period.
Monetary Unit.
Accrual Accounting.
Full Disclosure and Transparency.
Conservatism, Consistency, and Comparability.
Accounting Value.
Accounting Equation.
5. Reading Financial Statements.
Revenue/Expense Summary.
Balance Sheet.
Statement of Cash Flows.
In the Boardroom.
6. Analyzing Financial Statements and Overseeing Financial Performance.
Horizontal and Vertical Analyses.
Ratio Analysis.
Financial Oversight.
In the Boardroom.
7. Looking Forward: Vision, Strategies, Financial Plans, and Budgets.
The Vision and Strategic Planning.
Financial Planning.
In the Boardroom.
8. Source of Funds: Financing.
Capital Structure.
Long-Term Debt Financing.
In the Boardroom.
9. Use of Funds: Capital Investment.
Types of Capital Investment.
Financial Analysis of Capital Projects.
In the Boardroom.
10. Financial Integrity and Credibility.
Audit Committee.
The Audit.
Internal Controls.
Emerging Expectations and Standards.
In the Boardroom.
11. The Finale.
Appendix A: E. Polley Francis Hospital, Traditionally Configured Financial Statements.
Appendix B: Executive Summary of Sarbanes-Oxley Act Provisions and NYSE Governance Rules.
Appendix C: E. Polley Francis Hospital, Illustrative Code-of-Conduct Provisions.

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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