In this book, a world-class editorial advisory board and an independent team of contributors draw on their experience in operations, leadership, and Lean managerial decision making to share helpful insights on the valuation of hospitals in today’s changing reimbursement and regulatory environments.
Using language that is easy to understand, Financial Management Strategies for Hospitals and Healthcare Organizations: Tools, Techniques, Checklists and Case Studies integrates prose, managerial applications, and regulatory policies with real-world case studies, models, checklists, reports, charts, tables, and diagrams. It has a natural flow, starting with costs and revenues, progressing to clinic and technology, and finishing with institutional and professional benchmarking. The book is organized into three sections:
- Costs and Revenues: Fundamental Principles
- Clinic and Technology: Contemporary Issues
- Institutional and Professional Benchmarking: Advanced Applications
The text uses healthcare financial management case studies to illustrate Lean management and operation strategies that are essential for healthcare facility administrators, comptrollers, physician-executives, and consulting business advisors. Discussing the advancement of financial management and health economic principles in healthcare, the book includes coverage of the financial features of electronic medical records, financial and clinical features of hospital information systems, entity cost reduction models, the financial future of mental health programs, and hospital revenue enhancements.
COSTS AND REVENUES: FUNDAMENTAL PRINCIPLES
Managerial Medical Cost Accounting, Structure, Modeling, and Behavior; David Edward Marcinko, and Hope Rachel Hetico
Understanding Medical Activity–Based Cost Management; David Edward Marcinko
Lean Hospital Materials Processes and Throughput Costs in an Increasingly Tightened Economic Market; Adam Higman, Brian Mullahey, Kristin Spenik, and Jerzy Kaczor
Managing and Improving the Hospital Revenue Cycle Process; Carol S. Miller and David Edward Marcinko
CLINIC AND TECHNOLOGY: CONTEMPORARY ISSUES
Financial and Clinical Features of Hospital Information Systems; Brent A. Metfessel
Community and County Mental Health Programs of the Future; Carol S. Miller
Internal Audit Control Measures for Medical Practices and Clinics; Gary L. Bode and David Edward Marcinko
The Early Promise of Health 2.0 to Enable Wellness, Improve Care, and Reduce Cost in Support of Population Health Management; Jennifer Tomasik, Carey Huntington, and Fabian Poliak
INSTITUTIONAL AND PROFESSIONAL BENCHMARKING:ADVANCED APPLICATIONS
Interpreting and Negotiating Healthcare Contracts; David Edward Marcinko and Hope Rachel Hetico
Investment Policy Statement Benchmark Construction for Hospital Endowment Fund Management; Perry D’Alessio and David Edward Marcinko
Valuation of Hospitals in a Changing Reimbursement and Regulatory Environment; Robert James Cimasi, Todd A. Zigrang, and Anne P. Sharamitaro
Research and Financial Benchmarking in the Healthcare Industry; Robert James Cimasi, Todd A. Zigrang, and Anne P. Sharamitaro
Navigating a course where sound organizational management is intertwined with financial acumen requires a strategy designed by subject-matter experts. Fortunately, Financial Management Strategies for Hospital and Healthcare Organizations: Tools, Techniques, Checklists and Case Studies provides that blueprint.
—David B. Nash, MD, MBA, Jefferson Medical College, Thomas Jefferson University
It is fitting that Dr. David Edward Marcinko, MBA, CMP™ and his fellow experts have laid out a plan of action in Financial Management Strategies for Hospital and Healthcare Organizations that physicians, nurse-executives, administrators, institutional CEOs, CFOs, MBAs, lawyers, and healthcare accountants can follow to help move healthcare financial fitness forward in these uncharted waters.
—Neil H. Baum, MD, Tulane Medical School