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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
Appendix  9-A  Appendix: A Further Discussion of Accelerated & Units of Service Depreciation Computations
Chapter  10  Staffing: Methods, Operations & Regulations
Chapter  11  Reporting As a Tool
Chapter  12  Financial and Operating Ratios as Performance Measures
Chapter  13  The Time Value of Money
Appendix  13-A  Present Value Table
Appendix  13-B  Compound Interest Table
Appendix  13-C  Present Value of an Annuity
Chapter  14  Trend Analysis, Common Sizing & Forecasted Data
Chapter  15  Using Comparative Data
Appendix  15-A  Appendix: Reading A Report or Budget & Comparing to Performance Measures
Chapter  16  Operating Budgets
Appendix  16-A  Appendix: Creating A DRG Budget for Respiratory Care: The Resource Consumption Approach
Chapter  17  Capital Expenditure Budgets
Appendix  17-A  Appendix: A Further Discussion of Capital Budgeting Methods
Chapter  18  Variance Analysis & Sensitivity Analysis
Chapter  19  Estimates, Benchmarking & Other Measurement Tools
Chapter  20  Understanding the Impact of Data Analytics
Chapter  21  Understanding Investment Terms & Statistical Terms Used in Finance
Chapter  22  Business Loans and Financing Costs
Chapter  23  Choices: Owning versus Leasing Equipment
Chapter  24  Strategic Planning and the Healthcare Financial Manager’s Role
Appendix  24-A  Sample SWOT Worksheets & Question Guides
Chapter  25  The Process of Creating a Business Plan That Is Strategic
Chapter  26  Understanding Strategic Relationships: Reimbursement, Health Delivery Systems and Finance
Chapter  27  Understanding Value-Based Programs and Their Financial & Digital Consequences
Chapter  28  New Payment Methods: MIPS & APMs for Eligible Professionals
Appendix  28-A  More About Electronic Transmission Standards Version [5010]
Chapter  29  Standardizing Measures & Payment Across Post-Acute Care: New Requirements
Chapter  30  ICD-10 Adoption Issues: Finance & Strategic Challenges for the Manager
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
Appendix  33-A  Case Study Appendix: Comparative Analysis Using Financial Ratios and Benchmarking Helps Turn Around a Hospital in the Metropolis Health System
Appendix  33-B  Case Study Appendix: Comparative Analysis Using Financial Ratios and Benchmarking Helps Turn Around a Hospital in the Metropolis Health System
Appendix  33-C  Case Study Appendix: Proposal to Add a Retail Pharmacy to a Hospital in the Metropolis Health System
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
Appendix  B  Web-Based and Software Learning Tools

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

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ISBN-13: 9781284118216

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