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| About the Downloadable Ancillaries | |
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| About the Author | |
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| Acknowledgments | |
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| Foreword | |
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| Introduction to Healthcare Finance | |
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| Learning Objectives | |
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| Key Terms | |
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| The US Healthcare Environment | |
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| The Importance of Healthcare in the US Economy | |
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| Payer Mix | |
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| Financial Impact of the Uninsured | |
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| Hospitals: For-Profit versus Not-for-Profit | |
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| Definitions | |
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| Measuring Community Benefit | |
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| Other Providers | |
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| Summary | |
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| Check Your Understanding | |
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| References | |
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| IRS Form 990 Schedule H | |
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| Understanding Financial Statements | |
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| Learning Objectives | |
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| Key Terms | |
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| Accounting Review | |
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| Financial Accounting versus Managerial Accounting | |
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| Cash versus Accrual Accounting | |
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| Basic Accounting Equation | |
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| Financial Statements | |
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| Balance Sheet | |
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| Income Statement | |
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| Statement of Change in Net Assets or Equity Statement | |
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| Statement of Cash Flow | |
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| Notes to the Financial Statement | |
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| Summary | |
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| Check Your Understanding | |
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| References | |
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| Financial Performance Measurement | |
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| Learning Objectives | |
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| Key Terms | |
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| Common Size Financial Statements | |
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| Trend Analysis | |
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| Ratio Analysis | |
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| Profitability Ratios | |
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| Liquidity Ratios | |
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| Debt Performance Ratios | |
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| Asset Management Ratios | |
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| Sources of Industry Standard Data | |
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| Case Study: Regional Hospital Ratio Analysis | |
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| Summary | |
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| Exercise: Financial Statement Scavenger Hunt | |
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| Check Your Understanding | |
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| References | |
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| 2009 Regional Hospital Financial Statement | |
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| Medicare Cost Report | |
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| Budgets | |
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| Learning Objectives | |
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| Key Terms | |
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| Measuring Management Financial Performance | |
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| Operating Budget | |
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| Types of Budgets | |
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| Cash Budget | |
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| Summary | |
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| Check Your Understanding | |
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| Variance Analysis | |
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| Learning Objectives | |
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| Key Terms | |
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| Budget Control | |
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| Identifying Significant Budget Variances | |
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| Thresholds | |
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| Statistical Process Control Charts | |
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| Decision Theory | |
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| Identifying the Source of Budget Variance | |
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| Cost Variance Examples | |
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| Labor Cost | |
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| Treatment Pathways | |
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| Productivity | |
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| Revenue Variance Examples | |
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| Inpatient Hospital | |
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| Physician Clinic | |
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| Capitated Contract | |
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| Summary | |
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| Check Your Understanding | |
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| References | |
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| Third-Party Contract Analysis | |
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| Learning Objectives | |
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| Key Terms | |
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| Types of Insurance Plans | |
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| Medicare Payment | |
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| Medicare Part A-Inpatient | |
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| Medicare Part B-Outpatient | |
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| Medicare Part C-Medicare Advantage | |
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| Medicare Part D-Prescription Drug Coverage | |
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| Medicaid Coverage and Payments | |
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| Impact of Legislation on Government Payment Systems | |
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| Government Contract Management | |
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| Commercial Payer Contracts | |
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| Prospective Payment | |
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| Fee Schedules and Per Diem Payment | |
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| Percentage of Charge | |
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| Capitated Rates | |
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| Commercial Contract Management | |
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| Case Study: Renegotiating a Poorly Performing Contract | |
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| Summary | |
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| Check Your Understanding | |
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| References | |
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| MS-DRG Weight Table-Federal Fiscal Year 2011 | |
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| Hospital Acute Inpatient Services Payment System | |
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| Medicare Advantage Program Payment System | |
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| Outpatient Hospital Services Payment System | |
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| Cost of Capital | |
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| Learning Objectives | |
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| Key Terms | |
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| Need for Financing | |
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| Cash Budget | |
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| Capital Budget | |
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| Net Working Capital | |
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| Time Value of Money | |
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| Interest-Bearing Instruments | |
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| Compounding | |
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| Discounted Instruments | |
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| Calculating Total Value | |
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| Future Value | |
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| Present Value | |
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| Other Useful Formulas | |
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| Inflation and Interest Rates | |
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| Credit Ratings | |
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| Types of Financing | |
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| Debt | |
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| Equity | |
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| Common Stock | |
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| Preferred Stock | |
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| Refinancing | |
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| Sale of Accounts Receivable | |
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| Tax Implications | |
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| Cash Management and Investment Strategies | |
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| Interest-Bearing Accounts | |
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| Certificates of Deposit | |
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| Money Market and Other Funds | |
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| Managed Portfolios | |
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| Summary | |
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| Check Your Understanding | |
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| References | |
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| Capital Investment Decisions | |
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| Learning Objectives | |
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| Key Terms | |
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| Capital Purchases | |
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| Project Cash Flow Analysis | |
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| Pro Forma Financial Statements | |
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| Cash Flow Calculations | |
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| Cost Benefit Analysis | |
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| Payback Period | |
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| Average Rate of Return | |
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| Net Present Value | |
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| Internal Rate of Return | |
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| Lease versus Purchase | |
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| Not-for-Profit Organizations | |
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| Summary | |
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| Check Your Understanding | |
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| Reference | |
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| Answer Key | |
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| Glossary | |
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| Index | |