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Health Care Finance, Fifth Edition Includes Navigate 2 Advantage Access
Basic Tools for Nonfinancial Managers

Author(s): Judith J. Baker, PhD, CPA, Executive Director, Resource Group, Ltd.
R.W. Baker, JD
Neil R. Dworkin, PhD
  • ISBN-13: 9781284118216
  • Navigate 2 Advantage Access     610 pages      © 2018
Price: $85.95 US List
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Each new print copy of Health Care Finance: Basic Tools for Nonfinancial Managers, Fifth Edition also includes Navigate 2 Advantage Access that unlocks a complete eBook, Study Center, homework and Assessment Center, and a dashboard that reports actionable data. Experience Navigate 2 today at

Health Care Finance: Basic Tools for Nonfinancial Managers, Fifth Edition is the most practical and applied text for those who need a basic and better understanding of health care financial management.

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.

This exhaustive revision offers updated data throughout as well as six new chapters covering various cutting edge topics from the changing landscape in healthcare finance to understanding big data, strategic relationships, value based health care, and new payment methods.

New to the Fifth Edition:

  • Six new chapters that explore cutting edge topics from big data and the digital age, to value-based health care, MIPS & APMS, new requirements for payments in post-acute care.
  • New case study: “The Doctor’s Dilemma”
  • Three new appendices offer helpful reference material on meaningful use, creating a DRG budget, and reviewing a comparative operating budget report.
Chapter  1  Introduction to Health Care Finance
Chapter  2  Four Things the Health Care Manager Needs to Know About Financial Management Systems
Chapter  3  The Digital Age: Changing the Landscape of Healthcare Finance
Chapter  4  Assets, Liabilities and Net Worth
Chapter  5  Revenues (Inflow)
Chapter  6  Expenses (Outflow)
Chapter  7  Cost Classifications
Chapter  8  Cost Behavior and Break-Even Analysis
Chapter  9  Understanding How Inventory and Depreciation Concepts Affect Operational Results
Chapter  10  Staffing: Methods, Operations & Regulations
Part  IV  Report and Measure Financial Results
Chapter  11  Reporting as a Tool
Chapter  12  Financial and Operating Ratios as Performance Measures
Chapter  13  The Time and Value of Money
Chapter  13-A  Present Value Table (The Present Value of $1.00)
Chapter  13-B  Compound Interest Table Compound Interest of $1.00 (The Future Amount of $1.00)
Chapter  13-C  Present Value of an Annuity of $1.00
Part  V  Tools to Review and Manage Comparative Data
Chapter  14  Trend Analysis, Common Sizing, and Forecasted Data
Chapter  15  Using Comparative Data
Part  VI  Construct and Evaluate Budgets
Chapter  16  Operating Budgets
Chapter  16-A  Creating a DRG Budget for Respiratory Care: The Resource Consumption Approach
Chapter  16-B  Reviewing a Comparative Operating Budget Report
Chapter  17  Capital Expenditure Budgets
Chapter  17-A  A Further Discussion of Capital Budgeting Methods
Part  VII  Tools to Plan, Monitor, and Control Financial Status
Chapter  18  Variance Analysis and Sensitvity Analysis
Chapter  19  Understanding Investment Terms & Statistical Terms Used in Finance
Chapter  20  Understanding the Impact of Data Analytics and Big Data
Part  VIII  Financial Terms, Costs and Choices
Chapter  21  Understanding Investment Terms & Statistical Terms Used in Finance
Chapter  22  Business Loans and Financing Costs
Chapter  22-A  Sample Amortization Schedule
Chapter  23  Choices: Owning versus Leasing Equipment
Part  IX  Strategic Planning: A Powerful Tool
Chapter  24  Strategic Planning and the Healthcare Financial Manager
Chapter  24-A  Appendix: Sample SWOT Worksheets & Question Guides
Chapter  25  Putting It All Together: Creating a Business Plan
Chapter  26  Understanding Strategic Relationships: Health Delivery Systems, Finance and Reimbursement
Part  X  Information as a Financial & Strategic Tool
Chapter  27  Understanding Value-Based Health Care and Its Financial & Digital Outcomes
Chapter  28  New Payment Methods & Measures: MIPS & APMs for Eligible Professionals
Chapter  28-A  Meaningful Use: Modified and Streamlined, With A New Name
Chapter  29  Standardizing Measures & Payment In Post-Acute Care: New Requirements
Chapter  30  ICD-10 Implementation Continues: Finance & Strategic Challenges for the Manager
Chapter  30-A  Appendix: ICD-10 Conversion Costs for a Midwestern Hospital
Part  XI  Case Studies
Chapter  31  Case Study: The Doctor’s Dilemma
Chapter  32  Case Study: Strategic Financial Planning in Long-Term Care
Chapter  33  Case Study: Metropolis Health System
Chapter  33-A  Case Study Appendix: Metropolis Health System’s Financial Statements & Excerpts from Notes
Chapter  33-B  Case Study Appendix: Comparative Analysis Using Financial Ratios and Benchmarking Helps Turn Around a Hospital in the Metropolis Health System
Chapter  33-C  Case Study Appendix: Proposal to Add a Retail Pharmacy to a Hospital in the Metropolis Health System
Part  XIII  Mini-Case Studies
Chapter  34  Mini-Case Study 1: The Economic Significance of Resource Misallocation: Client Flow through the Women, Infants, and Children Public Health Program
Chapter  35  Mini-Case Study 2: Technology in Health Care: Automating Admissions Processes
Appendix  A  Checklists

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

Neil R. Dworkin, PhD

The following instructor resources are available to qualified instructors for download

ISBN-13: 9781284118216

Angel ready Test Bank
Assignments and Activities
BlackBoard ready Test Bank
Canvas-ready Test Bank
Chapter Quizzes
Desire to Learn ready Test Bank
eBook Quizzes
Instructor Manual
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Slides in PowerPoint Format
Test Bank


Bundle ISBN: 9781284171976
This bundle includes Health Care Finance, Fifth Edition and an access card for the Navigate 2 Scenario on Health Care Finance.

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