pt. I. HEALTHCARE FINANCE OVERVIEW. Introduction to healthcare finance -- What does the healthcare manager need to know? -- pt. II. RECORD FINANCIAL OPERATIONS. Assets, liabilities, and net worth -- Revenues (inflow) -- Expenses (outflow) -- Cost classifications -- pt. III. TOOLS TO ANALYZE & UNDERSTAND FINANCIAL OPERATIONS. Cost behavior and break-even analysis -- Understanding inventory and depreciation concepts -- Staffing: the manager's responsibility -- pt. IV. REPORT & MEASURE FINANCIAL RESULTS -- Reporting -- Financial and operating ratios as performance measures -- The time value of money -- pt. V. TOOLS TO REVIEW & MANAGE COMPARATIVE DATA. Common sizing, trend analysis, and forecasted data -- Using comparative data -- pt. VI. CONSTRUCT & EVALUATE BUDGETS. Operating budgets -- Capital expenditure budgets -- pt. VII. TOOLS TO PLAN, MONITOR, & MANAGE FINANCIAL STATUS. Variance analysis and sensitivity analysis -- Estimates, benchmarking, and other measurement tools.
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This is the practical financial management text for those who need basic financial management knowledge and a better understanding of healthcare finance in particular. 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.