Financial Management in Health Care Organizations, 2nd Edition

  • Robert McLean, PhD University of Alabama at Birmingham, Omaha, NE
  • ISBN-10: 0766835472  |  ISBN-13: 9780766835474
  • 432 Pages
  • Previous Editions: 1997
  • © 2003 | Published
  • List Price = $ 285.95
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Financing of health care organizations is increasingly important in today's society. Financial Management in Health Care Organizations provides discussion on the fundamental principles of finance, accounting, and budgeting for both short-term and long-term assets and programs. Managers of health care organizations and those aspiring to become managers will find this an invaluable tool in helping to increase their understanding of the financial aspects of running and managing their businesses.

Additional Product Information

Features and Benefits

  • Case studies threaded throughout the book provide a realistic simulation of the management of a health care organization from a financial perspective
  • All varieties of health care organizational structures are addressed: hospital-based, home health, managed care, and medical practices
  • Focus is on financial principles and decision making - not accounting

Table of Contents

PART I: Introduction to Health Care Organizations.
Ch 1: Financial Management in Health Care Organizations.
Ch 2: Agency Problems and Agency Costs.
PART II: Tools.
Ch 3: Accounting and Cash Flow Analysis.
Ch 4: Organizational Diagnostics: Financial Statement Analysis.
Ch 5: The Time Value of Money.
Ch 6: Valuing Assets.
Ch 7: Cost Behavior.
Ch 8: Budgeting and Variance Analysis.
PART III: The Financial Market Environment.
Ch 9: Financial Markets: Institutes, Risk, and Return.
PART IV: Selecting Long Term Assets and Programs.
Ch 10: The Basics of Capital Budgeting.
Ch 11: Special Topics in Capital Budgeting.
PART V: Managing Long Term Financial Assets: The Endowment.
Ch 12: Managing the Endowment. PART VI: Long Term Financing.
Ch 13: External Financing: Sources.
Ch 14: Procedures for Long Term Financing.
Ch 15: Access to Capital and Organizational Viability.
PART VII: Managing Short Term Assets and Liabilities.
Ch 16: Principles of Working Capital Management.
Ch 17: Cash, Marketable Securities, and Patient Accounts.
Ch 18: Inventory Management: Mathematics and Judgement.
Ch 19: Current Liabilities: Short Term Financing.
PART VIII: Frontiers of Health. Care Financial Management.
Ch 20: Beyond Bean Counting.


All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Instructor's Manual  (ISBN-10: 0766835480 | ISBN-13: 9780766835481)

Includes: Chapter Summaries, Teaching Strategies, Chapter Quizzes with answers, and listings of additional print and web resources.

Meet the Author

Author Bio

Robert McLean, PhD

Creighton University, Omaha, NE