By Zelman, McCue, Alan R. Millikan, Glick
This new version of monetary administration of health and wellbeing Care companies deals an advent to the most-used instruments and strategies of healthiness care monetary administration, together with overall healthiness care accounting and monetary statements; coping with money, billings and collections; making significant capital investments; settling on rate and utilizing rate info in decision-making; budgeting and function dimension; and pricing. Now thoroughly up-to-date, this ebook presents scholars with the sensible, up to date instruments they should achieve this dynamic field.Provides an advent to the most-used instruments and methods of healthiness care administration. extra questions and difficulties for the chapters. up-to-date views in the course of the textual content. Instructor's guide on hand on CD-ROM together with all indicates in PowerPoint and Excel, solutions to all difficulties in PowerPoint and Excel, and dealing spreadsheet versions of indicates and chosen difficulties for school room use. Accompanying site positive aspects hyperlinks to similar web content, thesaurus, and downloadable Instructor's guide and pattern chapters.www.blackwellpublishing.com/zelman
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Extra info for Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts, and Applications
By the turn of the century, the number of people with no health insurance coverage at some time during the year was approximately 40 million (the number continuously fluctuates as people add or drop coverage). This is due to several factors, including: 1) health insurance premiums have become too costly for many individuals, even if they are working; 2) individuals have been screened out of insurance policies because of “preexisting conditions”; 3) employers, feeling they cannot afford to continue to provide health insurance as a benefit, have either scaled back their benefits or eliminated them altogether by hiring part-time rather than full-time workers; 4) due to budget restrictions, the federal government and the states have tightened Medicaid eligibility criteria, typically too far below the official federal poverty level for most families to qualify; and 5) individuals have learned that they will be taken care of by providers, especially community hospitals, if they show up at the door (specifically the emergency room), even if they can’t pay.
Take the example of the 30-bed Manhattan Eye, Ear, and Throat Hospital, which tried to exit the acute-care business and sell its real estate assets for $41 million several years ago, only to be challenged in the courts by New York Attorney General Eliot Spitzer. In December 1999, the New York Supreme Court prohibited the hospital’s board of trustees from going forward with the deal, despite six months of deliberations, the hiring of a financial adviser, and consideration of alternative bids. The reason, according to Justice Bernard Fried, was that the board breached its fiduciary responsibilities by not considering competing offers that would have allowed the hospital to continue its mission as a specialty facility.
4 billion acquisition of Quorum Health Group by Triad, a spin-off from Columbia/HCA (now HCA-The Healthcare Company), historically a major player in the hospital acquisition market. None of the largest acquirers in 2000 or 1999 were affiliated with Roman Catholic institutions, contrary to the prior year. “While considerably more attention has been focused on the corporate acquisitions of the past five years, this industry will continue to be dominated by nonprofit entities,” stated Stephen M. Monroe, a partner at Irving Levin Associates, Inc.
Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts, and Applications by Zelman, McCue, Alan R. Millikan, Glick