Financial realities play an important role in many, if not most,
management decisions made in healthcare organizations. Financial acumen
is a critical professional competency for all healthcare managers,
regardless of the functional area or setting they work in. Fundamentals
of Healthcare Finance provides a solid grounding in the principles and
tools of accounting and finance that managers use daily. From planning
and budgeting to risk analysis and financial reporting, core concepts
are clearly explained and supported by real-world examples. This fourth
edition has been updated throughout to reflect the most recent payment
models and current financial accounting standards. A new chapter
describes the role that internal control and governance play in ensuring
the accuracy of financial information, as well as strategies for
identifying and preventing errors and fraud.