Understanding Healthcare Financial Management, Seventh Edition

Instructor Resources: New test bank, PowerPoint slides, chapter problem solutions, minicase solutions, and a transition guide to the new edition.In today's healthcare environment, financial issues are paramount, and managers must be prepared to deal with these issues as they strive to improve the delivery of health services. Understanding Healthcare Financial Management, Seventh Edition, blends theory with the "nuts and bolts" tools managers need for real-world decision making. The authors emphasize practical application through self-test questions, key concepts, glossary terms, learning objectives, and spreadsheet problems fea-tured throughout the book, allowing students to make educated financial decisions in even the most complex provider settings.This substantially updated seventh edition provides an even greater focus on the types of financial deci-sions made by healthcare providers and a more user-friendly approach to the topics presented:*Updated content explains effects of health reform on financial management*Expansion of content on the healthcare environment from two chapters to three provides addi-tional focus on health insurance and payments to providers*Key equation boxes highlight important formulae*Integrative applications present in-depth practice problems that illustrate key concepts*Anecdotal sidebars connect interesting real-world situations with chapter topics*End-of-chapter supplements expand on the book's core content*Placement of important but nonessential content to chapter extensions allows students to fo-cus on essential content*A new appendix that compiles the book's key equations in one place provides a handy summary of the most important mathematical formulas and variable definitionsA companion website enhances learning, clarifies concepts, and provides additional tools for financial decision making, including Excel models that illustrate the text's calculations and chapter problems, spreadsheets, and minicases that provide further practice in applying concepts. In addition, the website contains two bonus chapters.

About the Author

Louis C. Gapenski, PhD, is a professor of health services administration with a specialization in corporate and healthcare finance at the University of Florida. He is the author of 30 textbooks, which are used worldwide and include Canadian and international editions as well as translations in eight languages. He has published 40 journal articles related to corporate and healthcare finance and is active in several pro-fessional associations.

George H. Pink, PhD, is the Humana Distinguished Professor in the Department of Health Policy and Management, Gillings School of Global Public Health, at the University of North Carolina at Chapel Hill and is a Senior Research Fellow at the Cecil G. Sheps Center for Health Services Research at the university. Prior to receiving a doctorate in corporate finance, he spent ten years in health services management, planning, and consulting.