Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts, and Applications

I am a nurse by profession and this book was required for my MBA class, I love this book. It was written well, the examples of spreadsheets and other processes were spot on when I struggled to understand the concept..."the pictures were worth a thousand words" Uknown.

For someone who knows little about accounting and finance, it provides a good overview with a slant towards healthcare. Throughout the book, there are sidebars that provide a good perspective of what healthcare organizations are really doing and the issues facing the healthcase industry.For someone who knows accounting and finance, but is new to the healthcare industry, only a third of the book deals with specific healthcare finance issues. The book also seems to be written from a payor's perspective of provider finance, but maybe it's just the nature of the healthcare industry overall. Also, this book was updated in 2003, and given the dynamic nature of the healthcare industry, some topics may not be current.

We used this book for our introductory finance class, and I hated it. Perhaps it's just the outdated edition, but I found that the excercises at the end of each chapter were awful. The book does a poor job of explaining difficult concepts. The book is also boring and drab illustrations. There has to be a better book out there. I quickly sold my edition of this book, as it is terrible.