Essentials of Health Care Finance

Blending the topics of both accounting and finance, Essentials of Health Care Finance is a relevant, readable, and easily applied resource for health care management students and executives that explores finance theory and its practical application in health care across a full range of facilities, from hospitals, home health agencies, and skilled nursing facilities to surgical centers, physician practices, and integrated health systems. Carefully revised, the Ninth Edition of Essentials of Health Care Finance has been updated with additional reflection, examples, and application so that individuals with no healthcare experience can benefit from additional elaboration on key concepts such as physician practice management, flex budgeting, and strategic financial planning. The Ninth Edition also explores trends in national health expenditures and physician organizations and alignment; changes in health services financing and utilization since the enactment of the Affordable Care Act (ACA); and covers notable changes in payment methodologies. Other Key Updates include: - Changes to billing, coding, and documentation of health care services in specific settings. - An all-new overview of the current legal and regulatory provisions that impact today’s healthcare manager in a thoroughly revised Chapter 4. - Updated information regarding the health policy environment and added examples. - New chapter questions and scenarios. - Excel formulas for important financial mathematics equations and ratios. - Updated information on reimbursement for long-term care and home health organizations in Chapter 12 (their payment models completely changed in 2019).

William O. Cleverley, Ph.D., has been the President of Cleverley & Associates since its formation in January 2000.Prior to forming Cleverley & Associates, Dr. Cleverley was the President and Founder of CHIPS (Center for Healthcare Industry Performance Studies).United Healthcare acquired the firm in March 1998 and Dr. Cleverley remained on staff as a part-time employee until December 1999.Dr. Cleverley is also Professor Emeritus at The Ohio State University where he has taught courses in healthcare finance since 1973. Dr. Cleverley was the original author of Essentials of Healthcare Finance in 1978 .In addition, he has authored over 250 articles on healthcare financial issues in a wide variety of both academic and professional journals. James O. Cleverley, MHA is the president of Cleverley & Associates, where he has worked since September 2003. Mr. Cleverley consults with hospital and healthcare organizations to identify financial and operating opportunities, as well as related strategies for performance improvement. Before joining the firm, he directed a statewide health services program for a medical association.Mr. Cleverley has authored over 50 books and articles dealing with healthcare financial analysis and application, including the annual Community Value Index® hospital survey, the State of the Hospital Industry, and Essentials of Health Care Finance. He is a two-time recipient of the Healthcare Financial Management Association’s Yerger/Seawell Best Article award.Mr. Cleverley received his master of health administration from The Ohio State University in 2004. He received his bachelor of science in business administration from The Ohio State University in 1999. Dr. Parks has over 20 years’ of practice and research based experience working with financial and clinical data in acute, ambulatory, and managed care settings. Dr. Parks has been teaching undergraduate and graduate courses in healthcare finance for over a decade and enjoys making “difficult concepts” accessible to students seeking to work in health services administration practice and research. Having obtained over a dozen healthcare related certifications, Dr. Parks’ is passionate about teaching students how to apply key concepts in healthcare financial analysis, quality analysis and performance improvement, data reporting and information technology, health policy, health services research, and project management.Prior to transitioning to working primarily in academia, Dr. Parks worked in health services administration practice as a Director of Managed Care and PMO Operations at the AIDS Healthcare Foundation and as a Research Associate for the University of California, Los Angeles (UCLA) Center for Health Policy Research amongst other roles. Dr. Parks has also provided process improvement, data analysis, and grant writing consulting services to healthcare systems and local government organizations for over a decade. Parks received her Doctorate in Public Health degree in Health Services Leadership from the UCLA Fielding School of Public Health.