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Essentials of Health Care Finance, Seventh Edition

Author(s): William O. Cleverley, PhD, President, Cleverley and Associates, Professor Emeritus, The Ohio State University, Columbus, Ohio
James O. Cleverley, MHA, Principal, Cleverley and Associates, Columbus, Ohio
Paula H. Song, PhD, Assistant Professor, Division of Health Services Management and Policy, Ohio State University, Columbus, Ohio
  • ISBN-13: 9780763789299
  • Paperback    578 pages      © 2012
Price: $187.95 US List
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Instructor Resources: Instructor's Manual, PowerPoints, TestBank, Transition Guide
Student Resources: Companion Web Site with Interactive Glossary, Flashcards, Crosswords, Matching Questions

Essentials of Health Care Finance, now in its Seventh Edition, provides health management students and executives with the authoritative text on financial decision-making in the health care industry.

This trusted resource explores finance theory and its practical application in health care across a full range of facilities, from hospitals and home health agencies to skilled nursing facilities, surgical centers and private physician practices.

The vast, complex nature of the U.S. health care system renders traditional approaches to finance insufficient. Importantly, Essentials of Health Care Finance couches its discussion of economics, accounting and financial topics firmly within the unique context of the health care industry.

Relevant and readable, this Seventh Edition of Essentials of Health Care Finance is fully revised and updated to include real-world examples of financial problems and solutions; actionable benchmarking data; plus learning objectives that highlight key skills and concepts.

The Seventh Edition of Essentials of Health Care Finance features

  • Fully revised and updated data
  • Scenarios of real-world problems and solutions
  • Student learning objectives in every chapter
Chapter  1  Financial Information and the Decision-Making Process
Chapter  2  Billing and Coding for Health Services
Chapter  3  Financial Environment of Health Care Organizations
Chapter  4  Legal and Regulatory Environment
Chapter  5  Community Benefit Assessment
Chapter  6  Revenue Determination
Chapter  7  Managed Care
Chapter  8  General Principles of Accounting
Chapter  9  Financial Statements
Chapter  10  Accounting For Inflation
Chapter  11  Analyzing Financial Statements
Chapter  12  Financial Analysis of Alternative Health Care Firms
Chapter  13  Strategic Financial Planning
Chapter  14  Cost Concepts and Decision Making
Chapter  15  Product Costing
Chapter  16  The Management Control Process
Chapter  17  Cost Variance Analysis
Chapter  18  Financial Mathematics
Chapter  19  Capital Project Analysis
Chapter  20  Consolidations and Mergers
Chapter  21  Capital Formation
Chapter  22  Working Capital and Cash Management
Chapter  23  Developing the Cash Budget

William O. Cleverley, PhD-President, Cleverley and Associates, Professor Emeritus, The Ohio State University, Columbus, Ohio


William O. Cleverley, Ph.D., has been the President of Cleverley & Associates since its formation in January 2000. Prior to forming Cleverley & Associates, Dr. Cleverley was the President and Founder of CHIPS (Center for Healthcare Industry Performance Studies). United Healthcare acquired the firm in March 1998 and Dr. Cleverley remained on staff as a part-time employee until December 1999. Dr. Cleverley is also Professor Emeritus at The Ohio State University where he has taught courses in healthcare finance since 1973.
Dr. Cleverley was the original author of Essentials of Healthcare Finance in 1978 . In addition, he has authored over 250 articles on healthcare financial issues in a wide variety of both academic and professional journals. 
Additional Titles by this Author

James O. Cleverley, MHA-Principal, Cleverley and Associates, Columbus, Ohio


James O. Cleverley, MHA serves as a Principal for Cleverley & Associates, where he has worked since September 2003. Mr. Cleverley consults with hospital and healthcare organizations to identify financial and operating opportunities, as well as related strategies for performance improvement. Prior to joining the firm, he directed a statewide health services program for a medical association. 
Mr. Cleverley has written a number of articles dealing with healthcare financial analysis and application, including the annual Community Value Index® hospital survey and the State of the Hospital Industry. He was the recipient of the Healthcare Financial Management Association’s Yerger/Seawell Best Article award.   
Mr. Cleverley received his Masters in Health Administration from The Ohio State University in 2004. He received his Bachelors of Science in Business Administration from The Ohio State University in 1999.

Paula H. Song, PhD-Assistant Professor, Division of Health Services Management and Policy, Ohio State University, Columbus, Ohio


Paula H. Song, Ph.D. is an Assistant Professor in the Division of Health Services Management and Policy in the College of Public Health at The Ohio State University where she teaches courses in health care finance. Dr. Song’s research interests and publications cover areas such as health care financial management, investment strategies in not-for-profit hospitals and business case evaluation for health initiatives.  Her research has been funded by the Centers for Health Care Management and Research, Agency for Healthcare Research and Quality, and the National Cancer Institute. She has published in several journals including Health Affairs, Medical Care Research and Review, Health Care Management Review, Medical Care, and Journal of Health Care Management.
Prior to joining the faculty at Ohio State, Dr. Song received her Ph.D. in health services organization and policy from the University of Michigan. She also holds a Master of Health Services Administration as well as a Masters of Arts in Applied Economics, both from the University of Michigan, and holds a Bachelor of Arts in Biological Basis of Behavior from the University of Pennsylvania. Prior to academia, Dr. Song gained management expertise at Ochsner Health Care in New Orleans, Louisiana and has served as a health care finance consultant to hospitals and research organizations. 
  • "...a very thorough explanation and discussion of the financial issues faced by today's healthcare executive. ...a valuable resource for healthcare administrators, managers, and financial managers."

    —Kim B. Brannagan, PhD, MBA, RN, MSN, BS Ed, CPT, Loyola University New Orleans

The following instructor resources are available to qualified instructors for download

ISBN-13: 9780763789299

Angel ready Test Bank
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Instructor Manual
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Slides in PowerPoint Format
Test Bank
Transition Guide