Gapenski's Fundamentals of Healthcare Finance, Third Edition

In today's evolving healthcare environment, astute financial management is more important than ever to an organization's economic well-being. Leaders throughout the enterprise not just financial managers but clinical and operational managers, too must have a solid grounding in finance to be able to improve care and deliver value.

Gapenski's Fundamentals of Healthcare Finance provides a comprehensive introduction to the basic principles and applications of healthcare finance that managers use daily. In clear and succinct language, the book provides readers from students and entry-level managers to more experienced practitioners with newly added management or financial responsibilities with a detailed overview of finance topics ranging from planning and budgeting to financial operations, capital investment, and risk analysis. Practice scenarios, examples, self-test questions, sidebars on financial practices in healthcare, and running glossary definitions help bring these topics to life.

This book's original author, Louis C. Gapenski, PhD, was recognized both nationally and internationally as an expert in healthcare finance. In this new edition, authors Kristin L. Reiter and Paula H. Song further refine Dr. Gapenski's concepts and teachings. In addition to updated examples and statistics, this edition includes new or expanded information on:

• Current community benefit reporting requirement
• Service line costing
• Applications of capital investment decision analysis
• International financial reporting standards
• Not-for-profit accounting standards
• Financial accounting
• Healthcare legislation

Gapenski's Fundamentals of Healthcare Finance equips readers with the knowledge, vocabulary, and understanding they need to interpret financial data and to communicate and work effectively with finance leaders in their organizations.

About the Authors

Kristin L. Reiter, PhD, is a professor and associate chair in the Department of Health Policy and Management of the Gillings School of Global Public Health, a research fellow in the Cecil G. Sheps Center for Health Services Research, and an investigator with the North Carolina Rural Health Research Program, all at the University of North Carolina at Chapel Hill. Prior to receiving a doctorate in health services organization and policy with a concentration in corporate finance from the University of Michigan, she worked in public accounting, serving not-for-profits and clients in the insurance industry.

Paula H. Song, PhD, is an associate professor and director of the residential master's program in the Department of Health Policy and Management of the Gillings School of Global Public Health and a research fellow at the Cecil G. Sheps Center for Health Services Research at the University of North Carolina at Chapel Hill. Her research and teaching interests include healthcare financial management, investment strategies in not-for-profit hospitals, and business case evaluation for health initiatives. She received a doctorate in health services organization and policy, as well as master's degrees in health services administration and applied economics, from the University of Michigan in Ann Arbor.