Introduction to Health Care Economics and Financial Management Fundamental Concepts with Practical Application

Name: Introduction to Health Care Economics and Financial Management Fundamental Concepts with Practical Application
Price: 3.59 USD
Availability: InStock
ISBN: 9780781740197

ISBN-10: 0781740193

ISBN-13: 9780781740197

Edition: 2004

Authors: Susan J. Penner

List price: $77.95

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This text presents basic concepts of economics and tools for financial management in the health care arena, including budgeting, breakeven analysis, financial reporting, business plan preparation, and grant writing. The text includes practical case examples drawn from actual health care settings to relate theory to real-world practice. A sample grant proposal and unique grant writing chapter will prepare students for this critical aspect of management. A free, back-of-book CD-ROM provides sample worksheets for analyzing budgets and determining breakeven points, cost-benefit, and cost-effectiveness, as well as sample budgets. Students can use the worksheets to apply their own data and…

Book details

List price: $77.95
Copyright year: 2004
Publisher: Lippincott Williams & Wilkins
Publication date: 11/14/2003
Binding: Paperback
Pages: 336
Size: 7.25" wide x 9.00" long x 0.50" tall
Weight: 1.298

Susan J. Penner, MN, MPA, DrPH, RN, CNL, is on the faculty of the School of Nursing and Health Professions, University of San Francisco, where she teaches courses on health care financial management, instructional design, program planning and evaluation, informatics and epidemiology/E-B practice courses for the CNL and Health Systems Leadership programs, the DNP program and the MPH program. Dr. Penner has taught community health nursing, financial management and nursing research in traditional BSN (CSU East Bay and Samuel Merritt University, Oakland, CA), RN-BSN (Holy Names University, Oakland, CA) and online/distance nursing programs (CSU Fullerton). In addition to authoring the first…




Introduction to Health Economics and Managed Care



Fundamental Principles of Health Care Economics


U.S. Health Care Economy


Markets


Efficiencies


Production Possibilities Curve


Demand


Demand Shifters


Utility


Elasticities


Supply


Supply Shifters


Profit Maximization


Equilibrium and Disequilibrium


Market Failures


Market Power


Information and Rational Decision-Making Problems


Public Goods and Externalities


Health Care Labor Markets


Health Care Labor Demand Shifters


Health Care Labor Supply Shifters


Health Care Labor Market Failures


Is Health Care "Different?"


Conclusion



Fundamentals of Insurance and Managed Care


Health Insurance History and Principles


Historic Foundations of Health Insurance


Principles of Health Insurance


Capitation And Managed Care


Historic Foundations of Managed Care


Principles of Managed Care


Specialty Managed Care


Conclusion



Financial Reporting in Managed Care Settings


Pine Tree Medical Group


Overall Primary Care Utilization and Financial Data


Overall Primary Care Financial Indicators


Primary Care Utilization and Financial Data and Indicators by PCP


Overall Specialty Care Utilization and Financial Data


Specialty Care Data and Indicators by PCP and by Specialist


Inpatient Utilization and Costs by PCPs


Comparison of Data and Indicators over Time


Conclusion



Budgets, Budget Monitoring, and Budget Preparation



Types and Components of Budgets


Budgets as Descriptions


Budget Components


Types of Budgets


Statistics Budget


Operating Budget


Capital Budget


Cash Flow Budget


Other Budgets


Conclusion



Budget Monitoring and Control


Monitoring Budgets


Variance Analysis


Budget Control


Conclusion



Budget Preparation


Factors in Budget Preparation


Budget Cycle and Strategic Plan


Operating Budget Preparation


Incremental Budgeting


Forecasting


Variance Analysis and Budget Preparation


Fixed and Flexible Non-Personnel Expenses


Fixed and Flexible Personnel Expenses


Revenue Budgeting and Budget Balancers


Budgeting for New Line Items


Preparing the Capital Budget


Preparing the Cash Flow Budget


Additional Budget Preparation Concepts


"What-if" Calculations


Step-fixed FTEs and Budgeting


Zero-Base Budgeting


Closing a Program


Conclusion



Cost Allocation and Cost-Finding


Cost Centers and Cost Drivers


Cost Drivers


Direct Distribution Cost Allocation and Cost-Finding


Overhead Rate Method of Direct Distribution


Cost Pool Method of Direct Distribution


Other Cost Allocation Methods


Classification and Weighted Approaches to Costing Services


Other Cost-Finding Methods


Monitoring and Preparing Cost Reports


Conclusion



Financial Analysis Tools



Break-Even Analysis


Break-Even Without Profit


Volume


Costs


Revenue


The Break-even Principle and Formula


Keeping Costs within Budget


When Reimbursement Is Set


Using Break-Even Analysis to Set the Price


Break-even with Profit


Break-even Volume to Generate a Profit Target


Break-even Price to Generate a Profit Target


Guidelines for Breaking Even


Contribution Margin


Unit Contribution Margin


Contribution Margin and pro forma P&L Statements


Complicating Factors in Breaking Even


Break-Even in Capitation


Conclusion



Cost-Benefit Analysis and Cost-Effectiveness Analysis


Cost-Benefit Analysis


CBA Procedures


Discounting, Discount Rate and Present Value


Cost-Effectiveness Analysis and Procedures


Valuing Human Life


Quality-Adjusted Life Years


Program Evaluation


Limitations of CBA and CEA


Conclusion



Understanding and Using Financial Reports



Basics of Financial Accounting and Reporting


History and Regulation of Financial Reporting


Measuring and Recording Financial Activities


Time Periods


Basis of Accounting


Consistency and Conservatism


Materiality


Disclosure


Financial statements


The Annual Report


The Income Statement


The Balance Sheet


The Statement of Cash Flows


The Statement of Cash Flows, Balance Sheet, and Income Statement


Conclusion



Basic Financial Analysis


Financial Statement Analysis


Operating Leverage


Percentage Change Analysis


Common Size Analysis


Ratio Analysis


Operating Analysis


Conclusion



Applying Budgeting and Financial Analysis: Business Plans and Grant Proposals



Writing a Business Plan


Components of the Business Plan


Problem or Need Identification


Product Definition


Market Analysis


Budget Estimates


Financial Analysis


Timeline


Conclusion and Feasibility Statement


Conclusion



Grant Writing: Getting Funding From an Outside Source


Types Of Grant Proposals


Purposes of Health Program Grant Proposals


Other Types of Grants


Funding Sources


Key Components of Proposals


Letter of Transmittal


Items Promoting Clarity


Proposal Introduction


Problem Definition and Needs Assessment


Documenting Need


Objectives


Program Description


Resources and Resource Needs


Budget and Explanation


Evaluation Plan


Capability Statement


Plans for Future Funding


Evaluating Proposals


Grant Renewals


Conclusion



International Perspectives and Future Trends



International Health Economics Issues


Health Care Systems


Economic Comparisons: Industrialized Nations


Issues in Developing Nations


Health Care Rationing


Global Concerns


Conclusion



Future Trends and Keeping Updated


Health Policy Questions


Keeping Updated on Future Trends


Future Trends


Aging Population


Health Care Labor Imbalances


Growth in Technology Use


Access to Health Care


Medicare Reimbursement


National Health Care Coverage


Implications for Readers


Conclusion


Appendices



Cost Benefit Analysis



Cost Effectiveness Analysis



Business Plan



Grant Proposal



Policy Question Worksheet


Glossary


Index