{"product_id":"financial-management-of-health-care-organizations-isbn-9781119553847","title":"Financial Management of Health Care Organizations","description":"\u003cp\u003eThis thoroughly revised and updated Fifth Edition of \u003ci\u003eFinancial Management of Health Care Organizations\u003c\/i\u003e offers an introduction to the tools and techniques of health care financial management. The book covers a wide range of topics, including information on 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.\u003c\/p\u003e \u003cp\u003eThe revised edition covers new accounting changes for nonprofit hospitals with respect to net asset accounts, and includes an array of new financial statement problem sets for nonprofit hospitals. These changes also required major changes to the recording of financial transactions and implementing the latest financial ratio benchmarks.  \u003c\/p\u003e \u003cp\u003eWith the newest payment developments in the health care landscape, this new edition updates changes to  Medicare and commercial payment systems. The passage of the new tax law also impacted hospital capital markets and for-profit hospital tax rates. This latest edition explains the impact of this tax law change on tax-exempt hospital bonds purchased by banks, as well as presenting problem sets featuring the new taxes law. Finally, changes in lease financing reporting are also addressed in this edition.  \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003eThe Authors xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 The Context of Health Care Financial Management 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChanging Methods of Health Care Financing and Delivery 3\u003c\/p\u003e \u003cp\u003eAddressing the High Cost of Care 9\u003c\/p\u003e \u003cp\u003eValue‐Based Payment Mechanisms 19\u003c\/p\u003e \u003cp\u003eSummary 22\u003c\/p\u003e \u003cp\u003eKey Terms 23\u003c\/p\u003e \u003cp\u003eReview Questions 23\u003c\/p\u003e \u003cp\u003eNotes 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Health Care Financial Statements 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Balance Sheet 27\u003c\/p\u003e \u003cp\u003eThe Statement of Operations 49\u003c\/p\u003e \u003cp\u003eThe Statement of Changes in Net Assets 64\u003c\/p\u003e \u003cp\u003eThe Statement of Cash Flows 66\u003c\/p\u003e \u003cp\u003eSummary 71\u003c\/p\u003e \u003cp\u003eKey Terms 73\u003c\/p\u003e \u003cp\u003eKey Equations   73\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 74\u003c\/p\u003e \u003cp\u003eAppendix A: Financial Statements for Sample Not‐for‐Profit and For‐Profit Hospitals, and Notes to Financial Statements 84\u003c\/p\u003e \u003cp\u003eNote 99\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Principles and Practices of Health Care Accounting 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Books 101\u003c\/p\u003e \u003cp\u003eAn Example of the Effects of Cash Flows on Profit Reporting under Cash and Accrual Accounting 106\u003c\/p\u003e \u003cp\u003eRecording Transactions 108\u003c\/p\u003e \u003cp\u003eDeveloping the Financial Statements 118\u003c\/p\u003e \u003cp\u003eSummary 125\u003c\/p\u003e \u003cp\u003eKey Terms 126\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 126\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Financial Statement Analysis 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHorizontal Analysis 138\u003c\/p\u003e \u003cp\u003eTrend Analysis 144\u003c\/p\u003e \u003cp\u003eVertical (Common‐Size) Analysis 144\u003c\/p\u003e \u003cp\u003eRatio Analysis   146\u003c\/p\u003e \u003cp\u003eLiquidity Ratios   152\u003c\/p\u003e \u003cp\u003eRevenue, Expense, and Profitability Ratios 161\u003c\/p\u003e \u003cp\u003eActivity Ratios 169\u003c\/p\u003e \u003cp\u003eCapital Structure Ratios 175\u003c\/p\u003e \u003cp\u003eSummary 183\u003c\/p\u003e \u003cp\u003eKey Equations   186\u003c\/p\u003e \u003cp\u003eKey Terms 187\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 187\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Working Capital Management 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWorking Capital Cycle 209\u003c\/p\u003e \u003cp\u003eWorking Capital Management Strategies 211\u003c\/p\u003e \u003cp\u003eCash Management 215\u003c\/p\u003e \u003cp\u003eSources of Temporary Cash 216\u003c\/p\u003e \u003cp\u003eRevenue Cycle Management 221\u003c\/p\u003e \u003cp\u003eCollecting Cash Payments 225\u003c\/p\u003e \u003cp\u003eInvesting Cash on a Short‐Term Basis 228\u003c\/p\u003e \u003cp\u003eForecasting Cash Surpluses and Deficits: The Cash Budget 230\u003c\/p\u003e \u003cp\u003eAccounts Receivable Management 233\u003c\/p\u003e \u003cp\u003eMethods to Monitor Revenue Cycle Performance 237\u003c\/p\u003e \u003cp\u003eFraud and Abuse 239\u003c\/p\u003e \u003cp\u003eSummary 243\u003c\/p\u003e \u003cp\u003eKey Terms 246\u003c\/p\u003e \u003cp\u003eKey Equations   246\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 246\u003c\/p\u003e \u003cp\u003eNotes 257\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 The Time Value of Money 259\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFuture Value of a Dollar Invested Today 260\u003c\/p\u003e \u003cp\u003ePresent Value of an Amount to Be Received in the Future 267\u003c\/p\u003e \u003cp\u003eFuture and Present Values of Annuities 270\u003c\/p\u003e \u003cp\u003eFuture and Present Value Calculations and Excel Functions for Special Situations 276\u003c\/p\u003e \u003cp\u003eSummary 284\u003c\/p\u003e \u003cp\u003eKey Terms 285\u003c\/p\u003e \u003cp\u003eKey Equations   286\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 287\u003c\/p\u003e \u003cp\u003eAppendix B: Future and Present Value Tables 292\u003c\/p\u003e \u003cp\u003eNote 301\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 The Investment Decision 303\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eObjectives of Capital Investment Analysis 304\u003c\/p\u003e \u003cp\u003eAnalytical Methods 307\u003c\/p\u003e \u003cp\u003eUsing an NPV Analysis for a Replacement Decision 321\u003c\/p\u003e \u003cp\u003eSummary 326\u003c\/p\u003e \u003cp\u003eKey Terms 328\u003c\/p\u003e \u003cp\u003eKey Equation   328\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 328\u003c\/p\u003e \u003cp\u003eAppendix C: Technical Concerns in Calculating Net Present Value 336\u003c\/p\u003e \u003cp\u003eAppendix D: Adjustments for Net Working Capital 342\u003c\/p\u003e \u003cp\u003eAppendix E: Tax Implications for For‐Profit Entities in a Capital Budgeting Decision and the Adjustment for Interest Expense 345\u003c\/p\u003e \u003cp\u003eAppendix F: Comprehensive Capital Budgeting Replacement Cost Example 349\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Capital Financing for Health Care Providers 361\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEquity Financing 364\u003c\/p\u003e \u003cp\u003eDebt Financing 365\u003c\/p\u003e \u003cp\u003eBond Issuance Process 377\u003c\/p\u003e \u003cp\u003eLease Financing 389\u003c\/p\u003e \u003cp\u003eSummary 396\u003c\/p\u003e \u003cp\u003eKey Terms 397\u003c\/p\u003e \u003cp\u003eKey Equations 398\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 398\u003c\/p\u003e \u003cp\u003eAppendix G: Bond Valuation, Loan Amortization, and Debt Borrowing Capacity 402\u003c\/p\u003e \u003cp\u003eNotes 411\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Using Cost Information to Make Special Decisions 413\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBreak‐Even Analysis 414\u003c\/p\u003e \u003cp\u003eProduct Margin 437\u003c\/p\u003e \u003cp\u003eApplying the Product Margin Paradigm to Making Special Decisions 441\u003c\/p\u003e \u003cp\u003eSummary 448\u003c\/p\u003e \u003cp\u003eKey Terms 449\u003c\/p\u003e \u003cp\u003eKey Equations   450\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 450\u003c\/p\u003e \u003cp\u003eAppendix H: Break‐Even Analysis for Practice Acquisition 461\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Budgeting 467\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Planning‐and‐Control Cycle 467\u003c\/p\u003e \u003cp\u003eOrganizational Approaches to Budgeting 472\u003c\/p\u003e \u003cp\u003eTypes of Budgets 483\u003c\/p\u003e \u003cp\u003eMonitoring Variances to Budget 490\u003c\/p\u003e \u003cp\u003eGroup Purchasing Organizations 492\u003c\/p\u003e \u003cp\u003eSummary 494\u003c\/p\u003e \u003cp\u003eKey Terms 496\u003c\/p\u003e \u003cp\u003eKey Equation 497\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 497\u003c\/p\u003e \u003cp\u003eAppendix I: An Extended Example of How to Develop a Budget 499\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Responsibility Accounting 523\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDecentralization   523\u003c\/p\u003e \u003cp\u003eTypes of Responsibility Centers 526\u003c\/p\u003e \u003cp\u003eMeasuring the Performance of Responsibility Centers 531\u003c\/p\u003e \u003cp\u003eBudget Variances 533\u003c\/p\u003e \u003cp\u003eSummary 545\u003c\/p\u003e \u003cp\u003eKey Terms 547\u003c\/p\u003e \u003cp\u003eKey Equations   548\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 548\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Provider Cost‐Finding Methods 553\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCost‐to‐Charge Ratio 553\u003c\/p\u003e \u003cp\u003eStep‐Down Method 554\u003c\/p\u003e \u003cp\u003eActivity‐Based Costing   561\u003c\/p\u003e \u003cp\u003eSummary 573\u003c\/p\u003e \u003cp\u003eKey Terms 573\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 574\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Provider Payment Systems 579\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEvolution of the Payment System 583\u003c\/p\u003e \u003cp\u003eRisk Sharing and the Principles of Insurance 607\u003c\/p\u003e \u003cp\u003eEvolving Issues 612\u003c\/p\u003e \u003cp\u003eTechnology 614\u003c\/p\u003e \u003cp\u003eSummary 616\u003c\/p\u003e \u003cp\u003eKey Terms 616\u003c\/p\u003e \u003cp\u003eReview Questions and Problems 617\u003c\/p\u003e \u003cp\u003eAppendix J: Cost‐Based Payment Systems 619\u003c\/p\u003e \u003cp\u003eNotes 624\u003c\/p\u003e \u003cp\u003eGlossary 627\u003c\/p\u003e \u003cp\u003eUseful Websites 653\u003c\/p\u003e \u003cp\u003eIndex 657\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eWILLIAM N. ZELMAN\u003c\/b\u003e is a professor emeritus in the Department of Health Policy and Administration at the University of North Carolina at Chapel Hill. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMICHAEL J. M\u003csmall\u003eC\u003c\/small\u003eCUE\u003c\/b\u003e is a professor in the Department of Health Administration at Virginia Commonwealth University. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eNOAH D. GLICK\u003c\/b\u003e is currently an independent health care consultant in physician practice operations. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eMARCI S. THOMAS\u003c\/b\u003e is a clinical associate professor in the Department of Health Policy and Administration in the School of Public Health at the University of North Carolina, Chapel Hill.   \u003c\/p\u003e\u003cp\u003eThis thoroughly revised and updated \u003ci\u003eFifth Edition\u003c\/i\u003e of \u003ci\u003eFinancial Management of Health Care Organizations\u003c\/i\u003e offers an introduction to the tools and techniques of health care financial management. The book covers a wide range of topics, including information on 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. \u003c\/p\u003e\u003cp\u003eThe revised edition covers new accounting changes for nonprofit hospitals with respect to net asset accounts, and includes an array of new financial statement problem sets for nonprofit hospitals. These changes also required major changes to the recording of financial transactions and implementing the latest financial ratio benchmarks. \u003c\/p\u003e\u003cp\u003eWith the newest payment developments in the health care landscape, this new edition updates changes to Medicare and commercial payment systems. The passage of the new tax law also impacted hospital capital markets and for-profit hospital tax rates. This latest edition explains the impact of this tax law change on tax-exempt hospital bonds purchased by banks, as well as presenting problem sets featuring the new tax law. Finally, changes in lease financing reporting are also addressed in this edition.\u003c\/p\u003e","brand":"Jossey-Bass","offers":[{"title":"Default Title","offer_id":47989210939621,"sku":"NP9781119553847","price":108.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119553847.jpg?v=1761783223","url":"https:\/\/k12savings.com\/products\/financial-management-of-health-care-organizations-isbn-9781119553847","provider":"K12savings","version":"1.0","type":"link"}