Synopsis
Essentials of Health Care Finance provides health management students and executives with the most authoritative text on financial decision-making in the health care industry. This trusted resource explores finance theory and its practical application in health care across a full range of facilities, from hospitals and home health agencies to skilled nursing facilities, surgical centers and private physician practices. The vast, complex nature of the U.S. health care system renders traditional approaches to finance insufficient. Importantly, Essentials of Health Care Finance couches its discussion of economics, accounting and financial topics firmly within the unique context of the health care industry. Relevant and readable, this Eighth Edition of Essentials of Health Care Finance is fully revised and updated with current, real-world examples of financial problems and solutions as well as the latest financial ratio standards. This new edition also introduces ICD-10 coding and offers comprehensive coverage of the impact of the Affordable Care Act in all relevant chapters. New to the Eighth Edition: • All chapters updated with current examples and the latest financial ratio standards • Coverage of new topics throughout including, the introduction of ICD-10 coding, the impact of the ACA • New discussion of ACOs including ACO type cost variance analysis • Expanded coverage of specific costing of encounters using charge code level data • New discussion of capital project analysis in a health care system framework with corporate decision making • New discussion and examples of hospital acquisition of physician practices In Doody's assessment, awarding the 8th Edition a 3-star rating, they said: “This is a much-needed update from the seventh edition. It is relevant and provides current applications of ICD-10 coding and the Affordable Care Act in all applicable chapters.”
About the Authors
'William O. Cleverley, Ph.D., has been the President of Cleverley & Associates since its formation in January 2000.'Prior to forming Cleverley & Associates, Dr. Cleverley was the President and Founder of CHIPS (Center for Healthcare Industry Performance Studies).'United Healthcare acquired the firm in March 1998 and Dr. Cleverley remained on staff as a part-time employee until December 1999.'Dr. Cleverley is also Professor Emeritus at The Ohio State University where he has taught courses in healthcare finance since 1973.'Dr. Cleverley was the original author of Essentials of Healthcare Finance in 1978 .'In addition, he has authored over 250 articles on healthcare financial issues in a wide variety of both academic and professional journals.'
James O. Cleverley, MHA is the president of Cleverley & Associates, where he has worked since September 2003. Mr. Cleverley consults with hospital and healthcare organizations to identify financial and operating opportunities, as well as related strategies for performance improvement. Before joining the firm, he directed a statewide health services program for a medical association.Mr. Cleverley has authored over 50 books and articles dealing with healthcare financial analysis and application, including the annual Community Value Index® hospital survey, the State of the Hospital Industry, and Essentials of Health Care Finance. He is a two-time recipient of the Healthcare Financial Management Association’s Yerger/Seawell Best Article award.Mr. Cleverley received his master of health administration from The Ohio State University in 2004. He received his bachelor of science in business administration from The Ohio State University in 1999.
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