In today’s healthcare environment, where financial realities play an important role in business decision making, it is vital that managers at all levels under- stand the basic concepts of healthcare finance and how these concepts are used to enhance the financial well-being of the organization. In this chapter, we introduce readers to the book, including its goals and organization. Fur- th…
Some 20 years ago, after years of teaching corporate finance and writing related textbooks and casebooks, I began teaching healthcare financial management in the University of Florida’s joint MBA/MHA program. The move prompted me to write my first healthcare finance textbook, Understanding Health Care Financial Management. The book was designed for use in health services administration f…
The study of healthcare financial management is both fascinating and rewarding. It is fascinating because so many of the concepts involved have implications for both professional and personal behavior. It is rewarding because, rightly or wrongly, the healthcare environment today, and into the foresee- able future, is forcing managers to place an increasing emphasis on financial implications w…