Financial Management in Health Care Organizations

ISBN-10: 0766835472

ISBN-13: 9780766835474

Edition: 2nd 2003 (Revised)

Authors: Robert McLean

List price: $300.95
30 day, 100% satisfaction guarantee

If an item you ordered from TextbookRush does not meet your expectations due to an error on our part, simply fill out a return request and then return it by mail within 30 days of ordering it for a full refund of item cost.

Learn more about our returns policy


Financing of health care organizations is increasingly important in today's society. Financial Management in Health Care Organizations provides discussion on the fundamental principles of finance, accounting, and budgeting for both short-term and long-term assets and programs. Managers of health care organizations and those aspiring to become managers will find this an invaluable tool in helping to increase their understanding of the financial aspects of running and managing their businesses.
what's this?
Rush Rewards U
Members Receive:
You have reached 400 XP and carrot coins. That is the daily max!
Study Briefs

Limited time offer: Get the first one free! (?)

All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.

Add to cart
Study Briefs
Periodic Table Online content $4.95 $1.99
Add to cart
Study Briefs
Periodic Table Online content $4.95 $1.99
Add to cart
Study Briefs
Calculus 1 Online content $4.95 $1.99
Customers also bought

Book details

List price: $300.95
Edition: 2nd
Copyright year: 2003
Publisher: Delmar Cengage Learning
Publication date: 11/11/2002
Binding: Hardcover
Pages: 432
Size: 7.50" wide x 9.25" long x 0.75" tall
Weight: 2.024
Language: English

Creighton University, Omaha, NE

List of Figures and Tables
Introduction: Health Care and Finance
Health Care Is Different/Health Care Is The Same
Plan of the Text
Continuing Cases
Introduction to Health Care and Finance
Financial Management In Health Care Organizations
The Universal Concerns of Financial Management
The Five Pillars of Financial Practice
The Managed Care Challenge
Agency Problems and Agency Costs
Types of Agency Problems
Cost Control and Agency Problems
Agency Problems in Health Care Finance
Resolving Agency Problems
Accounting and CashFlow Analysis
Why Learn Accounting?
Fields of Accounting Practice
Accounting Principles: What Are They and Who Makes Them Up?
The Accounting Cycle
Some Basic Accounting Entries
Cash Flow Accounting
Fund Accounting
The Special Case of Hospital Revenues
Auditing: The Misunderstood Art
Organizational Diagnostics: Financial Statement Analysis
Using Financial Statements
Financial Statement Analysis: Its Power and Limitations
A First Approach: Common-Size Statements
The Power Approach: Ratio Analysis
Liquidity Ratios
Asset Utilization Ratios
Leverage Ratios
Profitability Ratios
The Time Value of Money
Compounding: the Calculation of Future Value
Discounting: The Calculation of Present Value
Special Problems in Present Value
Some Examples
Valuing Assets
Approaches to Valuation
The Logic of Discounted Cash Flow Valuation
Some Applications
A Case Study
A Few Complications
Cost Behavior
Costs Classification
Responsibility Centers
Cost Allocation: Managerial Decisions Under Ambiguity
Allocation Criterion
The ABCs of ABC
Separating Fixed and Variable Costs
Cost-Volume-Profit Analysis, Traditional
Cost-Volume-Profit Analysis, Capitation
Budgeting and Variance Analysis
A Tool, Not a Trophy
Some Budget Fables
Components of the Budget
People Behind the Budget
Budgeting Choices
An Example
The Budget Cycle
Variance Analysis
The Financial Market Environment
Financial Markets: Institutions, Risk, and Return
Financial Markets
Financial Markets: Who and What?
Roles in Financial Markets
Rates of Return
Risk in Financial Markets
Equilibrium Pricing and Returns
How Well Do Financial Markets Work?
A Brief Note on Owners' Equity
More on Yields
Selecting Long-Term Assets and Programs
The Basics of Capital Budgeting
Criteria and Constraints
Multiple Steps
Cash Flows Reconsidered
A Note on Expected Inflation
Decision Problems and Decision Rules
What About Internal Rate of Return?
Selecting the Discount Rate
A Simple Example
Capital Budgeting and Its Discontents
Special Topics in Capital Budgeting
Capital Rationing: The General Case
Adjusting for Project Risk
Adjusting for Unequal Lives
Lease or Buy?
Strategic Options
Managing Long-Term Financial Assets: The Endowment
Managing the Endowment
The Endowment Concept
Some Principles Remembered
The Return Objective
Inside or Outside Management
Sample Investment Policy
Long-Term Financing
External Financing: Sources
External Financing: Key to Success
External Financing: The Choices
The Weighted Average Cost of Capital Once Again
Debt and Equity Choices: The Capital Structure Decision in Theory
The Capital Structure Decision in Practice
Procedures for Long-Term Financing
Actors and Frictions
Regulators and Regulation
A Financing Tale
To Insure or Not To Insure: An NPV Problem
Access to Capital and Organizational Viability
The Problems
The Solutions
Reimbursement Modes and Access to Capital
Managing Short-Term Assets and Liabilities
Principles of Working Capital Management
Current Assets
Money and Credit: Bankers' Constraints
The Cash Conversion Cycle
Controlling Liquidity
A Basic Principle
Cash, Marketable Securities, and Patient Accounts
Cash and Cash Equivalents
The Cash Budget
Cash Management Services
Managing Marketable Securities
Patient Accounts
Decisions on Patient Accounts
Some Examples
Inventory Management: Mathematics and Judgement
Why Bother?
The Time Path of Inventory Use
The ABCs of Good Judgement
Opportunities for Value Enhancement
Current Liabilities: Short-Term Financing
The Matching Principle
A Note on Short-Term Interest Rates
Sources of Short-Term Financing
Frontiers of Health Care Financial Management
Beyond Bean Counting
Strategic Financial Planning
Financial Structure and Restructuring
Mergers and Acquisitions
At-Risk Contracting
International Health Care Financial Management: The Frontier Beyond the Frontier
Answers to Selected Discussion Questions
Free shipping on orders over $35*

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

Learn more about the TextbookRush Marketplace.