Fundamentals of health care financial management : a practical guide to fiscal issues and activities / / Steven Berger

• Record Nr.: UNINA9910464264803321
• Autore: Berger Steven
• Pubbl/distr/stampa: San Francisco, California : , : Jossey-Bass, , 2014; ©[2014]
• ISBN: 1-118-80171-7
• Edizione: [Fourth edition.]
• Descrizione fisica: 1 online resource (443 p.)
• Collana: Jossey-Bass Public Health
• Disciplina: 362.1068/1
• Soggetti: Health Facility Administration - United States; Financial Management - United States; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Fundamentals of Health Care Financial Management: A Practical Guide to Fiscal Issues and Activities; Contents; Figures, Tables, and Exhibits; Preface; Acknowledgments; The Author; Chapter 1: January; What Is Health Care?; What Is Management?; What Is Financial Management?; Why Is Financial Management Important?; Ridgeland Heights Medical Center: The Primary Statistics; Managed Care Inroads; RHMC's Actions to Counter Dwindling Inpatient Census; RHMC Decision Time; Financial Management Implications; Pro Forma Development; Net Present Value and Internal Rate of Return; Volume Assumptions; Revenue and Expense Assumptions Living with the Finance Committee and Board of Directors' Calendar; Routine Matters; Periodic Review Matters; Year-End Closing; Chapter 2: February; Accounting Principles and Practices; Objectives of Financial Reporting; Basic Accounting Concepts; Basic Financial Statements of a Health Care Organization; Uses of Financial Information; The Financial Statements; Balance Sheet; Statement of Operations; Statement of Changes in Unrestricted Net Assets (or Equity); Statement of Cash Flows; Notes to the Financial Statements; Preparing for the Auditors; Analysis of Sensitive Accounts Contractual Adjustments; Accounts Receivable; Allowance for Doubtful Accounts; Provision for Bad Debts; Allowance for Contractual Adjustment; Third-Party Settlements; ; February Finance Committee Special Reports; Bond Debt Status; Health Insurance Annual Review; Chapter 3: March; Strategic Financial Planning: Five-Year Projections; Strategic Planning; Converting Vision (the Strategic Plan) into Financial Reality; RHMC Strategic Financial Planning; Volume Assumptions; Payer Mix; Rates and Reimbursements; Implications for Operating Expenses; Ratio Analysis; Bonding-Related RatiosOther Ratios; Operating Ratios; The Capital Plan and Its Relationship to the Strategic Plan; Routine Capital Items; Information Technology; Facility Improvements and Upgrades; Property Acquisition; Physician Recruitment; Physician Medical Offi ce Space; Capital Affordability; Chapter 4: April; Medicare and Medicaid Net Revenue Concepts; The History of Medicare and Medicaid; Impact of Medicare and Medicaid on Provider Net Revenues; Implications for Ridgeland Heights Medical Center; Calculation of Medicare and Medicaid Contractual Adjustments; Medicare Hospital Net Revenue Concepts Medicaid Net Revenue Concepts; Implications of the Balanced Budget Act of 1997; Balanced Budget Refinement Act of 1999; Benefits Improvement and Protection Act of 2000; Impact of the Balanced Budget Act on Medicaid; Implications of the Medicare Modernization Act of 2003; Implications of the Patient Protection and Affordable Care Act of 2010 (PPACA or ACA); Reduction in the Annual Medicare Market Basket Payment Updates (APUs); Penalties for High Readmission Rates; Establishment of ACO Contracts with Medicare; Bundled Payment Pilots; Value-Based Purchasing Program
• Sommario/riassunto: Learn the essentials of finance theory and practice with the tools needed in day-to-day practice In this thoroughly revised and updated fourth edition of Fundamentals of Health Care Financial Management, consultant and educator Steven Berger offers a practical step-by-step approach to understanding the fundamental theories and relationships guiding financial decisions in health care organization. Using cases set in a fictional mid-sized hospital, the book takes the reader into the inner workings of the finance executive''s office. As in the previous editions, this book introduces students