Best Practice Financial Management: Six Key Concepts for Healthcare Leaders, 3rd Edition
Formerly: Finance in Brief: Six Key Concepts for Healthcare Leaders
Kenneth P. Kaufman
Softbound: 154 pages
ISBN 13: 9781567932591
Health Administration Press
(click below for the best currently available price for this important resource)
Corporate finance principles play an important role in most management decisions from everyday choices to strategic determinations.
Minor decisions do not exist in the financial arena. All decisions have major implications for an organization's success.
Gain the working knowledge you need to make financially sound decisions. In straightforward terms, this book explains the six key principles critical to the effective financial management of healthcare organizations:
- Managing the capital cycle
- Integrated strategic and financial planning
- Capital allocation
- Strategic budgeting
- Capital structure management
The third edition includes new information about the factors that will influence credit ratings, as well as new approaches to determining your organization’s debt capacity. It also discusses how to link financial planning with organizational strategy. A new chapter provides guidance on achieving the right capital structure. It explains what new debt vehicles are available to healthcare organizations and includes advice on how to select the most appropriate capital structure.
Recommended by the American College of Healthcare Executives (ACHE), this new edition includes expanded information on the crucial concepts of estimating risk and budgeting. Examples describe the experiences of actual healthcare organizations in implementing best practice credit analysis and financial planning, capital allocation, and budgeting. Use the lessons learned to jump-start the implementation of these approaches at your organization.
Kenneth Kaufman is managing partner of Kaufman, Hall & Associates, Inc., a healthcare financial and capital consulting firm. His consulting expertise includes strategic, financial, and capital planning; capital allocation; financial advisory services; and mergers, acquisitions, and joint ventures. Mr. Kaufman has presented more than 200 programs and seminars and is a widely published author, having written five books and more than 30 articles on healthcare financial management.
Founded in 1933, the American College of Healthcare Executives is an international professional society of 30,000 healthcare executives who lead our nation's hospitals, healthcare systems, and other healthcare organizations. ACHE's publishing division, Health Administration Press, is one of the largest publishers of books and journals on all aspects of health services management.
Health Administration Press is a division of the Foundation of the American College of Healthcare Executives (ACHE). ACHE is an international professional society of 30,000 healthcare executives who lead our nation's hospitals, healthcare systems, and other healthcare organizations. ACHE is known for its prestigious credentialing and educational programs and its annual Congress on Healthcare Management, which draws more than 4,000 participants each year. ACHE is also known for its magazine, Healthcare Executive, as well as its groundbreaking research and career development and public policy programs. Through such efforts, ACHE works toward its goal of being the premier professional society for healthcare leaders by providing exceptional value to its members.
Founded in 1972 with support from the W. K. Kellogg Foundation, Health Administration Press has grown from a small office on the campus of the University of Michigan to one of the largest publishers of books and journals on all aspects of health services management, including textbooks for use in college and university courses.
(information provided by the publisher)
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