Introduction to the Financial Management of Healthcare Organizations

Introduction to the Financial Management of Healthcare Organizations, 5th Edition
Formerly known as Financial Management of Hospitals & Healthcare Organizations
Michael Nowicki, Ed.D., FACHE, FHFMA

4th Edition

The Financial Management of Hospitals and Healthcare Organizations Hardbound, 386 pp
ISBN 1567932770
9781567932775
Health Administration Press
November 2007
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5th Edition
Introduction to the Financial Management of Healthcare Organizations
Softbound, 500 pp
ISBN 1567934129
978-1567934120
Health Administration Press
July 2011
(click the button below for the very best available price)

Practice Problems and Case Study (Companion Book)
Softbound, 94 pp, 11" x 8.5"
ISBN 1567932843
9781567932843
Health Administration Press
November 2007
(click the button below for the very best available price)

Written in the same straightforward style as the previous editions, this book introduces non-financial professionals and managers (who do not have a strong background in finance) to the fundamental concepts and skills necessary to manage revenues and expenses effectively.

This book introduces financial management in the context of the healthcare organization and the broader healthcare environment.

The core finance topics are covered — working capital, resource allocation, and financial analysis — with a focus on the unique aspects of healthcare financial management. The objectives of healthcare financial management, the tax status of healthcare organizations, and third-party payers and payment methodologies are explained. A comprehensive overview of Medicare and Medicaid is also provided.

This edition has been thoroughly updated and redesigned to engage readers in learning.
Key points, discussion questions, and on-page definitions are now included.
The previously separate practice-problems book has been updated and folded into the text, providing many additional opportunities for readers to test their knowledge.
The book concludes with a comprehensive case study that brings all the concepts together.
The chapters on Medicare and Medicaid have been significantly expanded and updated to include information on healthcare reform and new laws pertaining to fraud and abuse.

Using the same nontechnical approach as previous editions, this book introduces nonfinancial managers to the fundamental concepts and skills necessary to cost-effectively manage operations.

Revised to include new developments in the field:

The financial impact of patient safety
The public’s concern about accounting integrity
The costs associated with charity care policies resulting from the rising number of uninsured
The growing need to reduce operating expenses due to Medicare margins
How to bridge the gap between strategic planning and budgeting
The consumer movement and the impact on pricing policies
How Medicare and Medicaid have been affected by the Deficit Reduction Act of 2005 and the Tax Relief and Healthcare Act of 2006
Various state proposals for healthcare reform
and much more.

You may view these sample excerpts here:

About Practice Problems and Case Study to Accompany The Financial Management of Hospitals and Healthcare Organizations: This casebook was developed to provide practice problems to be used along with The Financial Management of Hospitals and Healthcare Organizations, Fourth Edition. For each quantitative concept, there are two problems–a practice problem and a self-quiz problem. Each problem comes with a detailed solution. The workbook also features one comprehensive case so that you can apply what they’ve learned to a practical real-world setting. The following link will give you the corrections to the case book: Corrections List

Michael Nowicki, Ed.D., FACHE, FHFMA, is professor of health administration and director of graduate studies in the department of health administration at Texas State University, where he has won numerous university awards for his teaching, research, and service. He has taught for universities in California, Indiana, Kentucky, Missouri, and New Jersey as well as for associations such as the American College of Healthcare Executives, the Healthcare Financial Management Association, the American Hospital Association, VHA, and the Association of University Programs in Health Administration.

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.

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