Review Essentials of Health Care Finance
by WILLIAM O. CLEVERLEY, JAMES O. CLEVERLEY
This book is the most authoritative book on financial decision-making with regard to the health industry. It delves into finance theory and how it’s applied in health care facilities such as hospitals and nursing facilities.
The complexities of the health care system in the United System makes the traditional approach inefficient. The advantage of this book is that it also discusses accounting, economics, and other financial topics in the context of the health care industry.
As the eighth edition of the original book, this includes a far wider coverage and provides the latest real-world financial problems. The downside of this edition is that information seems to come and go simply, without a particular emphasis on it. The reader could drown in facts and statistics, but this book is not the most authoritative text on correct data.
Although the book does a good job of clearing up the complexities of healthcare finance topics, other books have done it better. Additionally, this book is not for readers who do not have prior knowledge of finance. Too many financial terms and jargon are included in the book, without having been properly explained.
About the Authors
WILLIAM O. CLEVERLEY is the chairman of Cleverley &Associates, which he founded in 2000. Previously, he was president and founder of CHIPS (Center for Healthcare Industry Performance Studies). He is professor emeritus at The Ohio State University and taught courses on healthcare finance.
JAMES O. CLEVERLEY is the president of Cleverley &Associates. He is the author of more than fifty books and articles on healthcare financial analysis and application. He received his master of health administration from The Ohio State University.
Table of Contents
Content of the Book
About the Authors
Chapter 1 Financial Information and the Decision-Making Process
Chapter 2 Billing and Coding for Health Services
Chapter 3 Financial Environment of Healthcare Organizations
Chapter 4 Legal and Regulatory Environment
Chapter 5 Measuring Community Benefit
Chapter 6 Revenue Determination
Chapter 7 Health Insurance and Managed Care
Chapter 8 General Principles of Accounting
Chapter 9 Financial Statements
Chapter 10 Accounting for Inflation
Chapter 11 Analyzing Financial Position
Chapter 12 Financial Analysis of Alternative Healthcare Firms
Chapter 13 Strategic Financial Planning
Chapter 14 Cost Concepts and Decision Making
Chapter 15 Product Costing
Chapter 16 The Management Control Process
Chapter 17 Cost Variance Analysis
Chapter 18 Financial Mathematics
Chapter 19 Capital Project Analysis
Chapter 20 Consolidations and Mergers
Chapter 21 Capital Formation
Chapter 22 Working Capital and Cash Management
Chapter 23 Developing the Cash Budget