Health care finance : basic tools for nonfinancial managers

• Record Nr.: UNINA9910164028903321
• Autore: Baker Judith J
• Pubbl/distr/stampa: [Place of publication not identified], : Jones & Bartlett Learning, 2014
• Edizione: [4th ed.]
• Descrizione fisica: 1 online resource (568 pages)
• Disciplina: 362.1068/1
• Soggetti: North America; Health Care Facilities Workforce and Services; Organization and Administration; Social Sciences; Delivery of Health Care; Americas; Anthropology, Education, Sociology and Social Phenomena; Health Care Economics and Organizations; Health Services Administration; Geographic Locations; Geographicals; Health Facility Administration; Health Facilities; United States; Economics; Financial Management; Public Health; Health & Biological Sciences; Hospitals & Medical Centers
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Bibliographic Level Mode of Issuance: Monograph
• Nota di contenuto: Title Page -- Copyright Page -- Table of Contents -- New to This Edition -- Preface -- Acknowledgments -- About the Authors -- About the Contributor -- Part I: Healthcare Finance Overview -- Chapter 1: Introduction to Healthcare Finance -- The History -- The Concept -- ; How Does Finance Work in the HealthCare Business? -- Viewpoints -- Why Manage? -- The Elements of Financial Management -- The Organization's Structure -- Two Types of Accounting -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Notes -- Chapter 2: Four Things the Healthcare Manager Needs to Know About Financial Management Systems -- What Does the Manager Need to Know? -- How the System Works in Health Care -- The Information Flow -- Basic System Elements -- The Annual Management Cycle -- Communicating Financial Information to Others -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Notes -- Part II: Record Financial Operations -- Chapter 3: Assets, Liabilities, and Net Worth -- Overview -- What Are Examples of Assets? -- What are Examples of Liabilities? -- What Are the Different Forms of Net Worth? -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Chapter 4: Revenues (Inflow) -- Overview -- Receiving Revenue for Services -- Sources of Healthcare Revenue -- Grouping Revenue for Planning and Control -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Notes -- Chapter 5: Expenses (Outflow) -- Overview -- Disbursements for Services -- Grouping Expenses for Planning and Control -- Cost Reports as Influencers of Expense Formats -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Notes -- Chapter 6: Cost Classifications -- Distinction Between Direct and Indirect Costs -- Examples of Direct Cost and Indirect Cost -- Responsibility Centers -- Distinction Between Product and Period Costs -- INFORMATION CHECKPOINT.; KEY TERMS -- Discussion Questions -- Notes -- Part III: Tools to Analyze and Understand Financial Operations -- Chapter 7: Cost Behavior and Break-Even Analysis -- Distinctions Among Fixed, Variable, and Semivariable Costs -- Examples of Variable and Fixed Costs -- Analyzing Mixed Costs -- Contribution Margin, Cost-Volume-Profit, and Profit-Volume Ratios -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Notes -- Chapter 8: Understanding Inventory and Depreciation Concepts -- Overview: The Inventory Concept -- Inventory and Cost of Goods Sold ("Goods" Such as Drugs) -- Inventory Methods -- Inventory Tracking -- Calculating Inventory Turnover -- Overview: The Depreciation Concept -- Book Value of a Fixed Asset and the Reserve for Depreciation -- Five Methods of Computing Book Depreciation -- Computing Tax Depreciation -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Notes -- Appendix 8-A: A Further Discussion of Accelerated and Units of Service Depreciation Computations -- Chapter 9: Staffing:The Manager's Responsibility -- Staffing Requirements -- FTEs for Annualizing Positions -- Number of Employees Required to Fill a Position: Another Way to Calculate FTEs -- Tying Cost to Staffing -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Note -- Part IV: Report and Measure Financial Results -- Chapter 10: Reporting as a Tool -- Understanding the Major Reports -- Balance Sheet -- Statement of Revenue and Expense -- Statement of Changes in Fund Balance/Net Worth -- Statement of Cash Flows -- Subsidiary Reports -- Summary -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Notes -- Chapter 11: Financial and Operating Ratios as Performance Measures -- The Importance of Ratios -- Liquidity Ratios -- Solvency Ratios -- Profitability Ratios -- INFORMATION CHECKPOINT -- KEY TERMS.; Discussion Questions -- Chapter 12: The Time Value of Money -- Purpose -- Unadjusted Rate of Return -- Present-Value Analysis -- Internal Rate of Return -- Payback Period -- Evaluations -- Resources -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions ; -- Note -- Appendix 12-A: Present-Value Table (The Present Value of 1.00) -- Appendix 12-B: Compound Interest Table Compound Interest of 1.00 (The Future Amount of 1.00) -- Appendix 12-C: Present Value of an Annuity of 1.00 -- Part V: Tools to Review and Manage Comparative Data -- Chapter 13: Trend Analysis, Common Sizing, and Forecasted Data -- Common Sizing -- Trend Analysis -- Analyzing Operating Data -- Importance of Forecasts -- Operating Revenue Forecasts -- Staffing Forecasts -- Capacity Level Issues in Forecasting -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Notes -- Chapter 14: Using Comparative Data -- Overview -- Comparability Requirements -- A Manager's View of Comparative Data -- Uses of Comparative Data -- Making Data Comparable -- Constructing Charts to Show the Data -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Note -- Part VI: Construct and Evaluate Budgets -- Chapter 15: Operating Budgets -- Overview -- Budget Viewpoints -- Budget Basics: A Review -- Building an Operating Budget: Preparation -- Building an Operating Budget: Construction -- Working with Static Budgets and Flexible Budgets -- Budget Construction Summary -- Budget Review -- INFORMATI ON CHECKPOINT -- KEY TERMS -- Discussion Questions -- Notes -- Chapter 16: Capital Expenditure Budgets -- Overview -- Creating the Capital Expenditure Budget -- Budget Construction Tools -- Funding Requests -- Evaluating Capital Expenditure Proposals -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Note -- Appendix 16-A: A Further Discussion of Capital Budgeting Methods.; Part VII: Tools to Plan, Monitor, and Control Financial Status -- Chapter 17: Variance Analysis and Sensitivity Analysis -- Variance Analysis Overview -- Three Types of Flexible Budget Variance -- Two-Variance Analysis and Three-Variance Analysis Compared -- Three Examples of Variance Analysis -- Summary -- Sensitivity Analysis Overview -- Sensitivity Analysis Tools -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Note -- Chapter 18: Estimates, Benchmarking, and Other Measurement Tools -- Estimates Overview -- Common Uses of Estimates -- Example: Estimating the Ending Pharmacy Inventory -- Example: Estimated Economic Impact of a New Specialty in a Physician Practice -- Other Estimates -- Importance of a Variety of Performance Measures -- Adjusted Performance Measures over Time -- Benchmarking -- Economic Measures -- Measurement Tools -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Note -- Part VIII: Financial Terms, Costs, and Choices -- Chapter 19: Understanding Investment Terms -- Overview -- Cash Equivalents -- Governmental Guarantor: the FDIC -- Long-Term Investments in Bonds -- Investments in Stocks -- Privately Held Companies Versus Public Companies -- Investment Indicators -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Notes -- Chapter 20: Business Loans and Financing Costs -- Overview of Capital Structure -- Sources of Capital -- The Costs of Financing -- Management Considerations About Real Estate Financing -- Management Decisions About Business Loans -- INFORMATION CHECKPOINT -- KEY TERMS -- Discussion Questions -- Appendix 20-A: Sample Amortization Schedule -- Chapter 21: Choices: Owning Versus Leasing Equipment -- Purchasing Equipment -- Leasing Equipment -- Buy-or-Lease Management Decisions -- Accounting Principles Regarding Leases -- INFORMATION CHECKPOINT -- KEY TERMS.; Discussion Questions -- Note -- Part IX: Strategic Planning: A Powerful Tool -- Chapter 22: Strategic Planning and the Healthcare Financial Manager -- Major Components of the Strategic Plan: Overview -- ; Introduction -- Six Major Components -- Varied Approaches to Strategic Planning -- Examples of Mission, Vision, and Value Statements -- Recognizing a Special Status or Focus Within the Statements -- Financial Emphasis Within the Statements -- Relaying the Message -- The Strategic Planning Cycle and Its Process Flow -- Process Flow for Creating Goals, Objectives, and Action Plans -- Process Flow for Creating Action Plans and Their Performance Measures -- The Planning Cycle Over Time -- Managers' Responsibilities -- Federal Governmental Agencies Must Prepare Strategic Plans -- Why are Federal Planning Requirements Important to Us? -- Introduction: Requirements, Plans, and Performance -- An Example: the VA Office of Information Technology It Strategic Planning Cycle -- Introduction -- The VA Office of Information Technology It Strategic Planning Cycle: An Example -- The VA Planning Cycle's Process Flow -- Planning Cycle Definitions for this Example -- Management Responsibilities Within the Planning Cycle -- Tools For Strategic Planning: Situational Analysis and Financial Projections -- Situational Analysis (SWOT) -- Financial Projections for Strategic Planning -- Case Study: Strategic Financial Planning in Long-Term Care -- Appendix 22-A: Sample SWOT Worksheets and Question Guides -- INFORMATION CHECKPOINT -- KEY TERMS -- DISCUSSION QUESTIONS -- Notes -- Appendix A: Sample SWOT Worksheets and Question Guides -- Chapter 23: Putting It All Together: Creating a Business Plan That Is Strategic -- Overview -- Elements of the Business Plan -- Preparing to Construct the Business Plan -- The Service or Equipment Description -- The Organization Segment.; The Marketing Segment.
• Sommario/riassunto: 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.