Health Care Finance: Basic Tools for Nonfinancial Managers (Health Care Finance (Baker))
Judith J. Baker, R.W. Baker
Language: English
Pages: 542
ISBN: 1284029867
Format: PDF / Kindle (mobi) / ePub
Health Care Finance: Basic Tools for Nonfinancial Managers is the most practical financial management text for those who need basic financial management knowledge and a better understanding of healthcare finance in particular. Using actual examples from hospitals, long-term care facilities, and home health agencies, this user-friendly text includes practical information for the nonfinancial manager charged with budgeting. The Fourth Edition offers: - An expanded chapter on Electronic Records Adoption: Financial Management Tools & Decisions - New chapter : “ICD-10 Adoption and Healthcare Computer Systems” - New chapter: “Other Technology Adoption and Management Decisions” - New chapter: “Strategic Planning and the Healthcare Financial Manager” - New case study: "Strategic Planning in Long-Term Care" that connects with the chapter on strategic planning - New appendix: "Appendix C: Employment Opportunities in Healthcare Finance"
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Assess Admissions Process.......................................................................... 437 Areas to Automate...................................................................................... 438 Fax and Document Management.............................................................. 438 Communication Is Important.................................................................... 438 Referral Tracking and Approval................................................................
St. Thomas University, Miami, Florida, for their e ncouragement, information, suggestions, and assistance with the original concept of the book. We also thank John Brocketti, Chief Financial Officer, SUMA Health System, Akron, Ohio; Christine Pierce, Partner, The Resource Group, Cleveland, Ohio; and Dr. Frank Welsh, Cincinnati, Ohio, for their ongoing information and suggestions. Many others also contributed suggestions, recommendations, and information to help shape and refine the initial.
However, the principle of inflow and outflow re mains the same. In the case of nonprofits, the inflow of revenues increases fund balance, and the outflow of ex penses decreases fund balance. Many managers use the terms expense and cost interchangeably. Expense in its broadest sense includes every expired (used up) cost that is deductible from revenue. A narrower interpretation groups expenses into categories such as operating expenses, adminis trative expenses, and so on. Cost is the amount.
Depreciation...................................................................... 89 Information Checkpoint.............................................................................. 90 Key Terms...................................................................................................... 90 Discussion Questions.................................................................................... 90.
Found? How is it used? KEY TERMS Cost Object Direct Cost Example of a management report that uses direct/indirect cost. With your supervisor, in administration, or in information services. To track operations directly associated with the unit. Example of a management report that uses responsibility centers. With your supervisor, in administration, or in information services. To reflect operations that a manager is specifically responsible for and to measure those operations for planning and.