For nonfinancial managers in the healthcare sector seeking to master financial management, Baker’s Health Care Finance: Basic Tools for Nonfinancial Managers, Sixth Edition stands as the essential guide. This practical textbook utilizes real-world examples from hospitals, long-term care facilities, and home health agencies to deliver a clear and applicable understanding of health care finance.
Designed specifically for individuals without a finance background, this user-friendly resource provides crucial insights into budgeting, financial analysis, and performance improvement within healthcare organizations. The Sixth Edition is thoroughly updated, featuring new chapters dedicated to leveraging Excel and Lean Six Sigma methodologies to enhance financial operations. These additions equip readers with modern, in-demand skills for effective healthcare financial management.
This edition also includes new case studies that allow readers to apply learned concepts in realistic scenarios. These cases cover key areas such as breakeven analysis, ratio analysis, operating indicators, and budgeting, ensuring a comprehensive grasp of financial tools. End-of-chapter problems further reinforce learning, making this book an invaluable asset for both self-study and academic use.
Key benefits of Baker’s Health Care Finance, Sixth Edition include:
- Practical Application: Learn finance through real-world examples from diverse healthcare settings.
- Essential Tools: Master basic financial tools necessary for effective management.
- Excel Integration: Gain proficiency in using Excel for financial analysis and management.
- Lean Six Sigma for Finance: Discover how to apply Lean Six Sigma principles to improve financial performance.
- Comprehensive Case Studies: Test your knowledge and apply concepts through practical case scenarios.
- Budgeting Expertise: Develop skills in preparing and managing both operating and capital budgets.
- Financial Performance Improvement: Learn strategies to analyze and enhance your organization’s financial health.
Whether you are a nonfinancial manager looking to improve your financial acumen or a student aiming to understand healthcare financial management, Baker’s Health Care Finance: Basic Tools for Nonfinancial Managers, Sixth Edition is your indispensable resource. Unlock your potential to confidently navigate the financial landscape of healthcare. Explore practical tools and techniques that drive efficiency and financial stability in any healthcare organization.
