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 | | Essentials of Health Care Finance, Fifth Edition by William O. Cleverley, Andrew Cameron ISBN-10: 9780763724955 ISBN-10: 0-7637-2495-5 ISBN-13: 9780763724955 ISBN-13: 978-0-7637-2495-5 Hardcover 2002-12 Jones and Bartlett Publishers, Inc. Find Lowest Price |
Editorials | ||
Product Description This book stands firmly in its place as the leading textbook in its coverage of health care finance. No other text so completely blends the best of current finance theory with the tools needed in day-to-day practice. | ||
Reviews | ||
Excellent Resource - Not for Beginners I graduated from The Ohio State University and used this book for the multiple finance classes we are required to take in the MHA program. This book is not designed for beginners. It was written for those that have experience in the healthcare field and more specifically the business sector of healthcare. The prerequisite for that program is to already have multiple finance and accounting classes, with the expectation to hit the ground running. It is not an easy read otherwise. Dr. Cleverley is considered the guru of hospital finance and spends a lot of time working with healthcare executives; his goal is to provide you with a level of understanding that allows you to operate at that level. This is an excellent resource for those who will work in any part of healthcare that deals with finances and financial reporting of any sort. I can sympathize with those that are more clinically oriented and required to use this book in their finance class(es). It would be an extremely difficult read. | ||
Not user-friendly Although I received an A in the course, I found using this book very tedious. It was not written and organized in a manner that assisted the student in finding information and answers to their questions. I was happy to sell this book back after class was over! | ||
Essentials of Health Care Finance This is a very difficult book to digest if you are not familiar with accounting concepts. This is not a beginner text! The text is written in a very broad context, however, the expectation in my class was to apply the broad concepts to detailed financial problems. This was difficult because Cleverly offerred few examples to help apply the difficult financial concepts. I found the text to be utterly frustrating! | ||
Essentials of Health Care Finance I bought the book of Essentials of Health Care Finance, it was delivered on time, however, some papers insided the book are very dirty, I can see the brown oily figure prints. I wish that I can exchange the book ... | ||
Troubling Guide to Alien Territory This books offers a broad coverage of health care topics for a non-financial person. It is most deeply flawed for its inability to communicate clearly to a lay person. Essentially it is a vocabulary primer of important financial principles and concepts. It requires abstract thinking and the ability to follow mathematical models. This reader studied Cleverly's text as a requirement for a healthcare finance class. The text was frustrating as this reader attempted to "know" everything about healthcare finances; however, this is probably not the intent of the book. It does present a road into the foreign land of finances. It demands respect for another set of data and another language for interpreting that data. One does not master this data set at one pass, however. Nevertheless, this reader did gain some new financial information. At the risk of being simplistic, but communicative; a listing of some of the concepts learned follows: 1. There are many users of financial information. 2. Financial information can guide the formation of programs. 3. Financial management is essential for successful healthcare organizations. 4. Various qualities of health care organization types. 5. How health care organizations make up for discouting and bad debt and capitated payments. 6. General principles of accounting and why they are important. Also that these principles still need to be explained, to be consistent, and to be clarified. 7. Overview of four main types of financial statements with a brief explanation of vaious line items. 8. That financial planning includes considering inflation before it happens, and for equipment etc. to break and wear out before it breaks or wears out. 9. That financial information can be better understood by comparing financial ratios of different line items and trends over time. There are national benchmarking ratios available and Cleverly gives some and tells how to get more. 10. That financial planning should be an orderly process in an organization. 11. There are different types of costs. Some stay the same, some are overhead types. Some are direct, some are hidden. Some can be controlled, some cannot. 12. Figuring out prices is a very complex process in healthcare. It is based on costs and payers. It must also include indirect costs and costs of future problems. 13. There is still stuff to learn . . . And this reader is still no expert. Finally, after this MSN course and this text, this reader is more conversant with the financial landscape. It holds interest and it is understandable, after all. | ||