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Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts and Applications 3rd Edition

by William N. Zelman (Author), Michael J. McCue (Author), Noah D. Glick (Author)
4.3 4.3 out of 5 stars 31 ratings
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Thoroughly revised, this third edition of Financial Management of Health Care Organizations of­fers an introduction to the most-used tools and techniques of health care financial management. Comprehensive in scope, the book covers a broad range of topics that include an overview of the health care system and evolving reimbursement methodologies; health care accounting and finan­cial statements; managing cash, billings, and collections; the time value of money and analyzing and financing major capital investments; determining cost and using cost information in decision-mak­ing; budgeting and performance measurement; and pricing. In addition, this new edition includes information on new laws and regulations that affect health care financial reporting and performance, revenue cycle management expansion of health care services into new arenas, benchmarking, interest rate swaps, bond ratings, auditing, and internal control. This important resource also contains information on the 2007 Healthcare Audit Guide of the American Institute of Certified Public Accountants (AICPA).

Written to be accessible, the book avoids complicated formulas. Chapter appendices offer advanced, in-depth information on the subject matter. Each chapter provides a detailed outline, a summary, and key terms, and includes problems in the context of real-world situations and events that clearly illustrate the concepts presented. Problem sets that end each chapter have been updated and expanded to support more in-depth learning of the chapters’ concepts.

An Instructor’s Manual, available online, contains PowerPoint and Excel files.

Previous page
  1. ISBN-10
    0470497521
  2. ISBN-13
    978-0470497524
  3. Edition
    3rd
  4. Publisher
    Jossey-Bass Inc Pub
  5. Publication date
    January 1, 2009
  6. Language
    English
  7. Dimensions
    7.25 x 1.5 x 9.5 inches
  8. Print length
    600 pages
  9. See all details
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Editorial Reviews

From the Back Cover

Thoroughly revised, this third edition of Financial Management of Health Care Organizations offers an introduction to the most-used tools and techniques of health care financial management. Comprehensive in scope, the book covers a broad range of topics that include an overview of the health care system and evolving reimbursement methodologies; health care accounting and financial statements; managing cash, billings, and collections; the time value of money and analyzing and financing major capital investments; determining cost and using cost information in decision-making; budgeting and performance measurement; and pricing.

"This new edition of Financial Management of Health Care Organizations builds on the excellent contents of its prior editions, by again simplifying complex health care financial concepts in ways its targeted audience can truly comprehend. It is notably rich with discussions of contemporary issues and is structured in a way that makes for enhanced instructional flexibility and practical adaptation. The authors continue to demonstrate a keen understanding of the challenging issues of the day."
Dalton A. Tong, MBA, CPA, Senior Associate, Health Policy and Management, Johns Hopkins Bloomberg School of Public Health

"The third edition of Financial Management of Health Care Organizations continues to provide in-depth and cogent understanding of the important financial topics, including financial accounting, managerial accounting, capital and operating budgeting, revenue flows, and cost management, that health care executives and managers must have. This text has been a valuable resource for my graduate students as well as clinical and non-clinical managers in executive education settings."
Mark Covaleski, PhD, MBA, Robert Beyer Professor of Managerial Accounting and Control, and Professor of Health Care Financial Management, School of Business, University of Wisconsin at Madison

About the Author

William N. Zelman is a professor in the Department of Health Policy and Administration in the University of North Carolina at Chapel Hill.

Michael J. McCue is a professor in the Department of Health Administration at Virginia Commonwealth University. He serves as associate editor of Health Services Management Research.

Noah D. Glick is senior health care consultant for FTI Consulting in its corporate finance division.

Product details

  • Publisher ‏ : ‎ Jossey-Bass Inc Pub; 3rd edition (January 1, 2009)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 600 pages
  • ISBN-10 ‏ : ‎ 0470497521
  • ISBN-13 ‏ : ‎ 978-0470497524
  • Item Weight ‏ : ‎ 2.6 pounds
  • Dimensions ‏ : ‎ 7.25 x 1.5 x 9.5 inches
  • Customer Reviews:
    4.3 4.3 out of 5 stars 31 ratings

Customer reviews

4.3 out of 5 stars
4.3 out of 5
31 global ratings

Top reviews from the United States

Carla T. Stanley
5.0 out of 5 stars Like a Window for Idiots
Reviewed in the United States on October 12, 2013
Verified Purchase
Wow, I am a nursing not a finance major and found this book, especially, the step by step walk throughs for examples in each chapter. But not for those, I would have been somewhat lost in my finance course.

I would definately recommend.

Carla
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Crystal Ratcliffe RN, BSN
5.0 out of 5 stars Excellant book
Reviewed in the United States on September 13, 2011
Verified Purchase
I bought this book for the Regis University classes NR614 and NR615 on Healthcare accounting and found it to be excellent. I am in the Masters of Nursing Program for Nurse Management. The items in this book are directly applicable to the Nurse Management role.
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Teresa
3.0 out of 5 stars Required purchase
Reviewed in the United States on March 23, 2014
Verified Purchase
Required to purchase this book. At times left me wondering and confused and other areas I followed. With that said, I am not a financial expert. as I said it was a mandatory class and book.
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Mary Johnson
5.0 out of 5 stars Came as described
Reviewed in the United States on January 25, 2013
Verified Purchase
Its a book. A book I had to buy for a class but it is an easy read for those not as financially minded. It doesn't go into much depth in any one area.
One person found this helpful
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Rae Barrett
4.0 out of 5 stars MSc. Course Textbook
Reviewed in the United States on November 15, 2010
Verified Purchase
This book was recommended as a suitable textbook for a Master's in Health Administration financial management course I teach in the Caribbean.
The basic material is sound and the examples good and useful although I would like to have more cases provided. Also, although written in the USofA there could be more international examples. I would also like more information on the IFRS - its purpose and rules - as this is the governing body of accounting regulation.
The book is easy to read and I would recommend its use.
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Brittany
5.0 out of 5 stars Great Book
Reviewed in the United States on March 14, 2013
Verified Purchase
This was required for my class but its a far better book than one might imagine. Its a well defined text that helps ensure the reader/student/professional has the tools they need.
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Gabe
5.0 out of 5 stars Informative book. Great review!
Reviewed in the United States on June 7, 2014
Verified Purchase
Is a must have as a resource for new and experienced managers in the healthcare profession. It will be of great assistance!
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Anne of Texas
3.0 out of 5 stars Level of Difficulty
Reviewed in the United States on June 28, 2013
Verified Purchase
This book is not at a basic level, so it is probably better for people who have had business or accounting classes
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