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9780470410554

Fundamentals of Health Care Financial Management: A Practical Guide to Fiscal Issues and Activities, 3rd Edition

by Steven Berger (Healthcare Insights, LLC, Libertyville, Illinois)
  • ISBN13:

    9780470410554

  • ISBN10:

    0470410558

  • Format: eBook
  • Copyright: 2008-05-01
  • Publisher: Jossey-Bass
  • Purchase Benefits
List Price: $85.00
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Summary

In 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 organization. Set in a fictional mid-sized hospital, the book is written in diary form, taking the reader into the inner workings of the finance executive's office. 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 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.

Table of Contents

Tables, Figures, and Exhibits.
Preface.
Acknowledgments
The Author.
January
What Is Health Care?
What Is Management?
What Is Financial Management?
Why Is Financial Management Important?
Ridgeland Heights Medical Center: The Primary Statistics
Pro Forma Development
Living with the Finance Committee and Board of DirectorsÆ Calendar
Year-End Closing
FEBRUARY
Accounting Principles and Practices
Objectives of Financial Reporting
Basic Accounting Concepts
Basic Financial Statements of a Health Care Organization
Uses of Financial Information
The Financial Statements
Preparing for the Auditors
Analysis of Sensitive Accounts
February Finance Committee Special Reports
MARCH
Strategic Financial Planning: Five-Year Projections
RHMC Strategic Financial Planning
Ratio Analysis
The Capital Plan and Its Relationship to the Strategic Plan
APRIL
Medicare and Medicaid Net Revenue Concepts
Calculation of Medicare and Medicaid Contractual Adjustments
Implications of the Balanced Budget Act of 1997
Implication of the Medicare Modernization Act of 2003
Managed Care Net Revenue Concepts
Preparation of the Medicare and Medicaid Cost Report
Ratio of Costs to Charges
Presentation of the Audited Financial Statements to the Finance Committee
MAY
Fundamentals of Revenue Cycle Management
Patient Registration: To Which Division Should It Report?
Calculation of the Allowance for Doubtful Accounts and Bad-Debt Expense
Calculation of the Allowance for Contractual Adjustments
JUNE
Budget Preparation: The Beginning
Budget Calendar
Volume Issues
Capital Budgeting: June
Accounting and Finance Department Responsibilities
June Finance Committee Special Agenda Items
JULY
Budget Preparation: The Middle Months
Capital Budgeting: July
Regulatory and Legal Environment
Other Regulatory and Business Compliance Issues
Corporate Compliance
Accreditation Issues
Patient Satisfaction Issues
AUGUST
Capital Budget: August
Operating Budget
Budget Variance Analysis
Budget Variance Parameters
Flexible Budgeting
Cost Accounting and Analysis
August Finance Committee Special Agenda Items
SEPTEMBER
Operating Budget
Capital Budget: September
Cash Budget
Physician Practice Management Issues
OCTOBER
Information Systems Implications for Health Care Financial Management
Information Technology Strategic Plan Initiatives
HIPAA Implementation Issues
Selection of a New Health Care Information System
Budget Presentation to the Board Finance Committee
October Finance Committee Special Agenda Items
NOVEMBER
Preparation of the Budget Results and Delivery to the Department Managers
Budgeting and Spreading Contractual Adjustments by Department
Issues Involving RHMCÆs Cost Structure
How to Improve the OrganizationÆs Cost Structure
Supply Chain Management in Health Care
Benefi ts of Tax Status for Health Care Organizations
Preparation and Implications of the Annual IRS 990 Report
DECEMBER
Getting Ready for Year-End ReportingùAgain
Open-Heart Surgery Pro Forma
December Finance Committee Special Agenda Items
Looking into the Future of Health Care Finance
References.
Index
Table of Contents provided by Publisher. All Rights Reserved.

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