The Financial Management of Hospitals and healthcare Organizations Written in the same nontechnical and succinct approach as the previous editions, this book introduces nonfinancial managers to the fundamental concepts and skills necessary to manage cost effectively. Concise appendices review the key concepts in economics, accounting, and statistics for professionals without prerequisite knowledge. New material on the following topics:
The financial impact of patient safety
The public’s concern about accounting integrity and healthcare’s response
The financial implications of the medicare Prescription Drug Improvement and
Modernization Act
The need for entitlement reform
The most recent projections on the financial status of the healthcare industry
The costs associated with uncompensated care and how those costs are either shifted to payers or absorbed in the facility’s budget
Customer Review: Two sides of a hospital coin.
When you’re dealing with hospital finances it’s true that you’re dealing with a real two-headed sword. On the one sword, you have patient satisfaction to deal with. But on the other we all want to make money. It’s why they’re called “finances.” This book explains all that and more, but from a patient’s point of view this book is a flat one. Except for oncology departments, which is where this book sometimes has a heart. And not just a heart for money.

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