Through clear explanations, numerous examples, and realistic practice problems, this essential guide arms future managers with the grounding they need to make financially sound decisions for their healthcare organizations. --
Table 16-6 Variance Analysis Summary F = 14 X P1 V = 1 , x Pv Causes of Laundry Department Cost Change , 2002 to ... in cost $ 40,500 18,000 18,900 74,800 $ 152,200 26.6 11.8 12.4 49.1 H = physical units of fixed resources price per ...
If improving ROE is our goal, it is important to understand the underlying performance relationships that impact that growth. ROE is simply defined as follows: Net Income ROE Equity (or Net Assets) = However, ROE can be factored into a ...
The primary weakness of Walker's model is its failure to incorporate fixed labor requirements . A flexible budgeting system should be put into effect instead . Using a high–low method to estimate costs (Chapter 14), the following budget ...
Why healthcare finance?
"This text blends accounting and finance topics related to healthcare.
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.
Thoroughly updated for its second edition, this text reflects changes to the Affordable Care Act, Managed Care Organizations, new coding initiatives, new components of the revenue cycle (from reimbursement to compliance), updates to ...
Completely updated and revised chapters to reflect recent developments! This new edition covers financial management of hospitals and other health care organizations complete with financial information in management decision making,...
This text introduces students to the most important principles and applications of healthcare finance, including both accounting and financial management. Because the book is intended for use primarily in clinical...
(Austin and Hungerford 2009) We can see that the healthcare market has numerous characteristics that deviate from an open competitive market. For example, the healthcare market is distorted by a lack of information on the part of ...