This book introduces the accounting and financial reporting issues of hospitals and other healthcare entities. It explains the basic accounting concepts and discuses how to develop internal financial reports. It also includes information on analyzing and interpreting financial statements. The book is written in straightforward style that is ideal for students or professionals with no previous accounting experience. This new edition has been streamlined to provide a more practical and focused discussion of healthcare accounting. This edition also includes a new chart of accounts, a glossary of accounting terms, and new material on the balance sheet and statement of operations.
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Michael Nowicki, Ed.D., FACHE, FHFMA, is a professor of health administration and director of graduate studies in the department of health administration at Texas State University. Dr. Nowicki is a frequent contributor to numerous journals, including HFM (the journal of the Healthcare Financial Management Association) and HealthLeaders. Dr. Nowicki has presented financial management seminars to audiences worldwide.
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