This new Fourth Edition of Financial Management of Health Care Organizations, offers an introduction to the most-used tools and techniques of health care financial management, including health care accounting and financial statements; managing cash, billings and collections; making major capital investments; determining cost and using cost information in decision-making; budgeting and performance measurement; and pricing.

New to this edition: The Perspectives sections and the glossary have been updated. The book features a cutting-edge view of the health care landscape in 2013 and beyond after passage and pending implementation of the Affordable Care Act. Areas of expanded content include revised examples of financial statements for both private non-profit hospitals and investor-owned hospital management companies, changes in bad debt and charity care, the role of financial statements, the discount rate or cost of capital, lease financing section, use of cost information, budgeting, cost centers, and current forms of reimbursement Content new to this edition includes valuation of accounts receivable and the "waterfall" effect of cash collections, differences between Posting-Date and Service-Date reporting methodologies, calculation of effective annual interest rate, application of time value of money in perspectives, and Activity-Based Costing from the perspective of labor, supplies, and equipment.

William N. Zelman is a professor in the Department of Health Policy and Administration in the University of North Carolina at Chapel Hill.

Michael J. McCue is a professor in the Department of Health Administration at Virginia Commonwealth University.

Noah D. Glick is a senior healthcare consultant for FTI in its Health Solutions division.

Marci S. Thomas is a clinical associate professor in the Department of Health Policy and Administration in the School of Public Health at the University of North Carolina, Chapel Hill.

Preface

Acknowledgments

The Authors

Chapter 1: The Context of Health Care Financial Management

Chapter 2: Health Care Financial Statements

Chapter 3: Principles and Practices of Health Care Accounting

Chapter 4: Financial Statement Analysis

Chapter 5: Working Capital Management

Chapter 6: The Time Value of Money

Chapter 7: The Investment Decision

Chapter 8: Capital Financing for Health Care Providers

Chapter 9: Using Cost Information to Make Special Decisions

Chapter 10: Budgeting

Chapter 11: Responsibility Accounting

Chapter 12: Provider Cost-Finding Methods

Chapter 13: Provider Payment Systems

Glossary

Useful Websites

Index