By Dennis D., Stillman, Dennis M. Pointer

ISBN-10: 078797403X

ISBN-13: 9780787974039

ISBN-10: 0787976504

ISBN-13: 9780787976507

"Finally! The booklet that each one well-being care board contributors wanted yet have been afraid to invite for! these darkish days of gazing incomprehensible numbers in the course of board conferences, of frightened nodding whilst their financially-literate brethren make reviews or ask questions, of balloting on issues that they don't comprehend are long past! This publication is lengthy past due and may be learn by means of each trustee who's no longer a finance professional."--James E. Orlikoff, president, Orlikoff & affiliates, Inc. and government director, American Governance & management GroupAccounting for $1.4 trillion in costs (13.7 percentage of gross family product), future health care is likely one of the nation's greatest and quickest starting to be industries. This concise, expertly written primer on health and wellbeing care association finance is a nuts and bolts consultant to what has develop into each hospital's so much delicate subject. health and wellbeing care association board individuals needs to own uncomplicated monetary competence to manipulate successfully. This ebook might help them gather, simply and painlessly, the elemental monetary literacy crucial for discharging their roles and satisfying their fiduciary tasks.

Show description

Read or Download Essentials of Health Care Organization Finance: A Primer for Board Members PDF

Best economy books

Get Financial Liberalization and the Asian Crisis PDF

The monetary difficulty that hit a few economies of Asia in 1997 surprised the area. monetary Liberalization and the Asian problem rejects traditional motives of the main issue because the consequence essentially of inefficient and corrupt monetary structures within the international locations involved. It argues that the obstacle used to be the results of untimely and overly quick monetary liberalization in an international of accelerating liquidity and volatility, and demands a extra wary method of monetary liberalization, and reform of the foreign monetary structure.

Primary Care Centres, Second Edition: A Guide to Health Care by Geoffrey Purves BA BArch RIBA FRIAS FRSA MCIArb PhD PDF

Fundamental Care Centres explores the method of making plans and designing constructions for frontline clinical perform. Taking as a place to begin the concept sturdy layout contributes on to fit dwelling, the publication exhibits worthwhile results strong layout short can convey to the employees, sufferers and viewers of future health care amenities.

Read e-book online Essentials of Clinical Mycology PDF

Necessities of scientific Mycology supplies a complete evaluate of the sphere of medical mycology. it's written for clinicians who take care of sufferers who've fungal infections. all of the significant systemic fungal infections is mentioned in regard to mycology, pathogenesis, epidemiology, scientific manifestations, analysis, and therapy.

Additional info for Essentials of Health Care Organization Finance: A Primer for Board Members

Example text

From the inception of the program until 1983, hospitals were reimbursed for their costs of providing care as defined by a complex set of regulations and formulas. They received estimated monthly payments that were adjusted at year end on the basis of a cost report submitted to the Health Care Financing Administration. Beginning in 1983, Medicare switched to a prospective payment system. A payment rate is assigned to approximately five hundred diagnosis-related groups (DRGs) according to the patient’s age, sex, principal and secondary diagnosis, procedure performed (if any), and discharge status.

Bond rating agencies and insurers, institutional lenders, accrediting organizations, foundations, major donors, the press, and the public are demanding far greater financial accountability and transparency. As noted in Chapter One, a board has four core responsibilities, one of which is ensuring the organization’s financial health. 1. Financial objectives must be grounded on, and flow from, a board-formulated vision and management’s strategic plans. This forms the foundation for board oversight of financial plans, financial performance, and financial controls.

The overarching obligation of a board is to ensure an organization’s resources and capacities are deployed in ways that benefit its owners. Organizations are collections of resources: money, people, facilities, equipment, supplies, capabilities. They are means. Their end is benefiting those who own them. Boards make sure this is the case; this is the why aspect of governance. For nonprofit health care organization boards, the essence of the verb “governing” is advancing and protecting the interests of stakeholders, serving as their agent, and deciding and acting on their behalf.

Download PDF sample

Essentials of Health Care Organization Finance: A Primer for Board Members by Dennis D., Stillman, Dennis M. Pointer


by David
4.1

Rated 4.90 of 5 – based on 46 votes