Are you a nonfinancial manager in the health care sector looking to grasp the essentials of finance without getting bogged down in jargon? Baker’s Health Care Finance: Basic Tools for Nonfinancial Managers, Sixth Edition, is your practical guide to mastering financial management in health care. This user-friendly resource cuts through the complexity, offering clear, applicable tools and insights directly relevant to your daily responsibilities in hospitals, long-term care facilities, and home health agencies.
This book is specifically designed for professionals like you who need a solid foundation in health care finance. It moves beyond theoretical concepts, providing real-world examples and case studies that illustrate financial principles in action. Whether you’re involved in budgeting, financial analysis, or seeking to improve your organization’s financial performance, this edition equips you with the knowledge and skills you need.
Key Benefits for Nonfinancial Managers:
- Demystify Health Care Finance: Learn the core principles of financial management in health care settings, presented in a clear and accessible manner.
- Practical Budgeting Skills: Gain hands-on knowledge for preparing and managing operating budgets, a crucial skill for any health care manager.
- Master Capital Budgeting: Understand how to plan and manage capital expenditures effectively, ensuring your organization’s long-term financial health.
- Analyze Financial Performance: Develop the ability to interpret financial data, identify key performance indicators, and make informed decisions to enhance financial outcomes.
- Improve Financial Performance: Discover strategies and tools, including Lean Six Sigma, to streamline processes and boost your organization’s financial efficiency.
Enhanced Learning with New Features:
The Sixth Edition is updated with new content and features to enhance your learning experience:
- Excel in Finance: A dedicated chapter on using Excel provides you with essential spreadsheet skills for financial analysis and management.
- Lean Six Sigma for Finance: Explore how Lean Six Sigma methodologies can be applied to improve financial processes and drive efficiency in health care organizations.
- Real-World Case Studies: New case studies in Part VIII offer practical scenarios to test your understanding of concepts like breakeven analysis, ratios, operating indicators, and budgeting. These cases allow you to apply what you’ve learned in realistic situations.
- Reinforce Your Knowledge: End-of-chapter problems help solidify your understanding of key concepts and ensure you can apply them effectively.
- Digital Access Included: Navigate eBook Access provides convenient online and offline access to the complete text, making learning flexible and accessible.
Baker’s Health Care Finance: Basic Tools for Nonfinancial Managers, Sixth Edition, empowers you to confidently navigate the financial aspects of health care management. It’s more than just a textbook; it’s a practical toolkit for any nonfinancial manager striving for excellence in today’s complex health care environment. Unlock your financial potential and contribute to the financial well-being of your organization with this essential resource.
