Publisher's Synopsis
Instructor Resources: Test bank, PowerPoint slides, solutions to end-of-chapter questions and problems, and a transition guide to the new edition.
The essential concepts of both accounting and financial management are covered in this best-selling healthcare finance book. Through clear explanations, numerous examples, and realistic practice problems, it arms future managers with the grounding they need to make financially sound decisions for their healthcare organizations.
This thoroughly updated edition provides more emphasis on the unique marketplace for healthcare services and additional examples from nonhospital settings, including medical practices, clinics, home health agencies, nursing homes, and managed care organizations.
Particular content changes include:
- Expanded discussion of health insurance, reimbursement methodologies, and the impact of healthcare reform on provider behavior
- A new presentation of managerial accounting material that follows a more logical progression of concepts, emphasizing the level of analysis (organization, department, service) rather than techniques
- Coverage of three service-line costing methods: cost-to-charge ratio, relative value unit, and activity-based costing
- Plus, an introduction to time-driven activity-based costing, a method for costing at the patient level
- Updated financial accounting formats that conform to the latest American Institute of Certified Public Accountants guidance
- Increased coverage of the revenue cycle
- A chapter on lease financing and business valuation (previously included in the book)
- A chapter on distributions to owners: bonuses, dividends, and repurchases
This edition also features a more user-friendly layout and additional end-of-chapter practice problems.
Online student resources include:
Use the companion casebook for even more classroom application!
Gapenski's Cases in Healthcare Finance, Sixth Edition, is an ideal supplement to this text. Through real-world cases, it bridges the gap between learning concepts in a lecture setting and applying these concepts on the job. Students will be better prepared to deal with the multitude of issues that arise in the practice of healthcare finance!
