Baker’s Health Care Finance: Basic Tools for Nonfinancial Managers, Sixth Edition, offers a practical approach to understanding healthcare financial management. This text uses real-world examples from hospitals, long-term care facilities, and home health agencies to provide nonfinancial managers with the necessary budgeting skills. This edition includes new chapters on utilizing Excel and Lean Six Sigma for financial improvement, along with comprehensive case studies to reinforce learning.
Key Features of Baker’s Health Care Finance Sixth Edition
This text focuses on providing practical application of financial management principles within the healthcare industry. Several key features make it an invaluable resource:
Excel for Healthcare Finance
A new chapter dedicated to using Microsoft Excel equips students with the skills to leverage this essential financial tool. This allows for practical application and analysis of financial data.
Lean Six Sigma for Financial Performance Improvement
The incorporation of Lean Six Sigma methodologies in a dedicated chapter demonstrates how these process improvement techniques can directly enhance financial performance in healthcare settings.
Comprehensive Case Studies
New case studies in Part VIII cover various financial topics, including breakeven analysis, ratios, operating indicators, and budgeting. These cases allow students to apply learned concepts to real-world scenarios, strengthening their understanding.
Reinforcing Chapter Concepts
End-of-chapter problems provide opportunities for practice and reinforcement of key concepts, solidifying learning and promoting retention.
Digital Access
Navigate eBook Access, included with the printed text, offers convenient online and offline access to the digital version of the book, enhancing accessibility and learning flexibility.
Benefits of Using Baker’s Health Care Finance
This text provides a foundation for understanding:
- Healthcare Organization Operations: Gain insights into the financial intricacies of how healthcare organizations function.
- Financial Performance Analysis: Develop skills to analyze financial statements and assess performance.
- Budget Preparation and Management: Learn to prepare and manage both operating and capital budgets effectively.
- Financial Performance Improvement Strategies: Discover techniques and methodologies to enhance financial outcomes.
Baker’s Health Care Finance: Basic Tools for Nonfinancial Managers, Sixth Edition, offers a comprehensive and practical approach to healthcare financial management. Its focus on real-world application, combined with new chapters on Excel and Lean Six Sigma, makes it an essential resource for nonfinancial managers in the healthcare industry. The inclusion of case studies and end-of-chapter problems further strengthens its value as a learning tool.
