Financial Management Strategies for Hospitals and Healthcare Organizations

Financial Management Strategies for Hospitals and Healthcare Organizations

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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 todaya€™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.In 2004, the IRS implemented the Executive Compensation Compliance Initiative to review the compensation ... Many reporting errors and omissions were found through compliance check letters and examinations due to confusion about the instructions on Forms 990 and 990-PF.141 In 2006, ... In February 2010, the IRS began a payroll audit program of 6, 000 companies, including approximately 1, 500anbsp;...

Title:Financial Management Strategies for Hospitals and Healthcare Organizations
Author: David Edward Marcinko, Hope Rachel Hertico
Publisher:CRC Press - 2013-09-05

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