Allied Health Professions

Download Fundamentals of healthcare finance by Louis C. Gapenski PDF

By Louis C. Gapenski

Fundamentals of Healthcare Finance, in its moment variation, remains to be perfect for people desiring simple healthcare finance talents. This easy-to-read, content-filled ebook offers a extensive evaluate of healthcare finance, yet makes a speciality of initiatives which are necessary to the operational administration of medical providers, together with estimating bills and earnings, making plans and budgeting, examining new apparatus purchases, utilizing metrics to observe operations, and dealing with monetary statements.

To support the training procedure, this publication comprises severe recommendations, functional situations, self-test questions, industry-practice sidebars, and a operating glossary.

The moment variation has been completely up to date, together with its many real-world examples. additionally, a piece on healthcare reform has been additional that incorporates discussions of value-based deciding to buy, bundling, in charge care organisations, and clinical houses. extra gains within the moment variation comprise up to date accounting insurance that conforms to the most recent AICPA codecs and a brand new scholar engagement device, in your attention sidebars, which current eventualities designed to make scholars take into consideration concerns, occasionally arguable, presently within the news.

Companion site includes:

  • Bonus chapters that hide monetary markets and securities; hire financing and company valuation; distributions to proprietors; and capitation, fee surroundings, and danger sharing
  • Appendixes of monetary and operational ratios and their definitions
  • Introductory, real-world situations with questions meant for both self-directed studying or in-class use

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Additional info for Fundamentals of healthcare finance

Sample text

In recent years, however, providers have been redesigning their finance functions to recognize the changes that have occurred in the healthcare industry. Billing and collections remain important today, but to be of maximum value to the enterprise, the finance function must support cost-containment efforts, managed care and other payer contract negotiations, joint venture decisions, and integrated delivery system participation. In essence, finance must help lead organizations into the future rather than merely record what has happened in the past.

5 What is the structure of the finance function within healthcare organizations? 6 What is the primary legal issue facing providers today? 25 CHAPTER 2 HEALTHCARE BUSINESS BASICS T H E M E S E T-U P B USINESS G OALS Healthcare finance cannot be practiced in isolation. Rather, it must be guided by the goals of the organization. That is exactly what Jon Matthews, a recent healthcare management graduate, had in mind as he thought about two job interviews scheduled to take place within the next several days.

Certificate of need (CON) regulation was enacted by Congress in 1974 in an effort to control growing healthcare costs. CON legislation required providers to obtain state approval on the basis of community need for construction and renovation projects that either relate to specific services or exceed a defined cost threshold. This attempt to control capital exCONCEPT ! CRITICAL penditures by controlling expansion and preventCertificate of Need ing duplication of services lasted less than a decade before the Reagan administration began to downplay CON regulation and promote cost A certificate of need (CON) is the approval required by many controls through competition.

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