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Health Care Finance, Fourth Edition
Basic Tools for Nonfinancial Managers

Author(s): Judith J. Baker, PhD, CPA, Executive Director, Resource Group, Ltd.
R.W. Baker, JD
  • ISBN-13: 9781284029864
  • Product With Access Code    542 pages      © 2014
Price: $121.95 US List
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Health Care Finance: Basic Tools for Nonfinancial Managers, Fourth Edition 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:

  • New chapter on “Strategic Planning and the Health Care Manager” offers details about the planning process, examples of mission, vision, and value statements and a governmental strategic planning cycle example.
  • New appendix contains “Sample SWOT Worksheets and Question Guides.”
  • New case study about “Strategic Financial Planning in Long-Term Care.”
  • New chapter about “Electronic Health Records Framework: Incentives, Standards, Measures, and Meaningful Use” explains how a major EHR incentive program in force today actually works.
  • New Navigate Companion Website offers all new web links and other exercises to engage students in further study.
New to This Edition  
About the Authors  
About the Contributor  
  Part  I  Health Care Finance Overview
    Chapter  1  Introduction to Health Care Finance
    Chapter  2  Four Things the Health Care Manager Needs to Know About Financial Management Systems
  Part  II  Record Financial Operations
    Chapter  3  Assets, Liabilities and Net Worth
    Chapter  4  Revenues (Inflow)
    Chapter  5  Expenses (Outflow)
    Chapter  6  Cost Classifications
  Part  III  Tools to Analyze and Understand Financial Operations
    Chapter  7  Cost Behavior and Break-Even Analysis
    Chapter  8  Understanding Inventory and Depreciation Concepts
    Chapter  9  Staffing: The Manager's Responsibility
  Part  IV  Report and Measure Financial Results
    Chapter  10  Reporting As a Tool
    Chapter  11  Financial and Operating Ratios as Performance Measures
    Chapter  12  The Time Value of Money
  Part  V  Tools to Review and Manage Comparative Data
    Chapter  13  Trend Analysis, Common Sizing & Forecasted Data
    Chapter  14  Using Comparative Data
  Part  VI  Construct and Evaluate Budgets
    Chapter  15  Operating Budgets
    Chapter  16  Capital Expenditure Budgets
  Part  VII  Tools to Plan, Monitor and Control Financial Status
    Chapter  17  Variance Analysis & Sensitivity Analysis
    Chapter  18  Estimates, Benchmarking & Other Measurement Tools
  Part  VIII  Financial Terms, Costs and Choices
    Chapter  19  Understanding Investment Terms
    Chapter  20  Business Loans and Financing Costs
    Chapter  21  Choices: Owning versus Leasing Equipment
  Part  IX  Strategic Planning: A Powerful Tool
    Chapter  22  Strategic Planning and the Healthcare Financial Manager
    Appendix  22-A  Sample SWOT Worksheets and Question Guides
    Chapter  23  Putting It All Together: Creating a Business Plan That Is Strategic
  Part  X  Technology as a Financial and Strategic Tool
    Chapter  24  Information Technology & EHR: Adoption Requirements, Initiatives & Management Decisions
    Appendix  24-A  The E-Prescribing (eRx) Incentive Program for Physicians and Other Eligible Prescribers: A Matured Initiative
    Chapter  25  Electronic Health Records Framework: Incentives, Standards, Measures & Meaningful Use
    Chapter  26  New Information Systems: ICD-10 Implementation & the Manager’s Viewpoint
    Appendix  26-A  ICD-10 Conversion Costs for a Midwestern Community Hospital
  Part  XI  Case Studies
    Chapter  27  Case Study: Strategic Planning in Long Term Care - by Dr. Neil Dworkin
    Chapter  28  Case Study: Metropolis Health System
    Appendix  28-A  Metropolis Health System’s Financial Statements & Excerpts from Notes
    Appendix  28-B  Comparative Analysis Using Financial Ratios & Benchmarking Helps Turn Around a Hospital in the Metropolis Health System
  Part  XII  Mini-Case Studies
    Chapter  29  Mini-Case Study 1: Proposal to Add a Retail Pharmacy to a Hospital in the Metropolis Health System
    Chapter  30  Mini-Case Study 2: The Economic Significance of Resource Misallocation: Client Flow through the Women, Infants, and Children Public Health Program
    Chapter  31  Mini-Case Study 3: Technology in Health Care: Automating Admissions Processes
Appendix A  Checklists
Appendix B  Web-Based and Software Learning Tools
Examples and Exercises, Supplemental Materials, and Solutions  

Judith J. Baker, PhD, CPA-Executive Director, Resource Group, Ltd.

Judith J. Baker, PhD, CPA, is Executive Director and a partner of The Resource Group, a Dallas-based health care consulting firm. Judith has over thirty years experience in health care and consults on numerous health care systems and costing problems. She has worked with health care systems, costing, and reimbursement throughout her career. As a CMS subcontractor she assists in validation of costs for new programs and for rate setting and consults on cost report design. She is an Assistant Professor at the University of Rochester School of Nursing and also serves as adjunct faculty at the Case Western Reserve University School of Nursing. Dr. Baker received her B.S. from the University of Missouri, an M.L.S. from the University of Oklahoma, and an M.A. and PhD from the Fielding Institute, Santa Barbara, California. She has published numerous peer-reviewed articles and is Editor Emeritus of the quarterly Journal of Health Care Finance. Among her publications are seven books, including Activity-Based Costing and Activity-Based Management for Health Care; Health Care Cost Accounting; Management Accounting for Health Care Organizations (with Robert Hankins); and Health Care Finance for Non-Financial Managers (with R.W. Baker).

Additional Titles by this Author

R.W. Baker, JD

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ISBN-13: 9781284029864

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