Preface.

Acknowledgments.

The Author.

CHAPTER ONE: JANUARY.

What Is Health Care?

What Is Management?

What Is Financial Management?

Why Is Financial Management Important?

Ridgeland Heights Medical Center: The Primary Statistics.

Pro Forma Development.

Living with the Finance Committee and Board of Directors’ Calendar.

Year-End Closing.

CHAPTER TWO: FEBRUARY.

Accounting Principles and Practices.

Objectives of Financial Reporting.

Basic Accounting Concepts.

Basic Financial Statements of a Health Care Organization.

Uses of Financial Information.

The Financial Statements.

Preparing for the Auditors.

Analysis of Sensitive Accounts.

February Finance Committee Special Reports.

CHAPTER THREE: MARCH.

Strategic Financial Planning: Five-Year Projections.

RHMC Strategic Financial Planning.

Ratio Analysis.

The Capital Plan and Its Relationship to the Strategic Plan.

CHAPTER FOUR: APRIL.

Medicare and Medicaid Net Revenue Concepts.

Calculation of Medicare and Medicaid Contractual Adjustments.

Implications of the Balanced Budget Act of 1997.

Implication of the Medicare Modernization Act of 2003.

Managed Care Net Revenue Concepts.

Preparation of the Medicare and Medicaid Cost Report.

Ratio of Costs to Charges.

Presentation of the Audited Financial Statements to the Finance Committee.

CHAPTER FIVE: MAY.

Fundamentals of Revenue Cycle Management.

Patient Registration: To Which Division Should It Report?

Calculation of the Allowance for Doubtful Accounts and Bad-Debt Expense.

Calculation of the Allowance for Contractual Adjustments.

CHAPTER SIX: JUNE.

Budget Preparation: The Beginning.

Budget Calendar.

Volume Issues.

Capital Budgeting: June.

Accounting and Finance Department Responsibilities.

June Finance Committee Special Agenda Items.

CHAPTER SEVEN: JULY.

Budget Preparation: The Middle Months.

Capital Budgeting: July.

Regulatory and Legal Environment.

Other Regulatory and Business Compliance Issues.

Corporate Compliance.

Accreditation Issues.

Patient Satisfaction Issues.

CHAPTER EIGHT: AUGUST.

Capital Budget: August.

Operating Budget.

Budget Variance Analysis.

Budget Variance Parameters.

Flexible Budgeting.

Cost Accounting and Analysis.

August Finance Committee Special Agenda Items.

CHAPTER NINE: SEPTEMBER.

Operating Budget.

Capital Budget: September.

Cash Budget.

Physician Practice Management Issues.

CHAPTER TEN: OCTOBER.

Information Systems Implications for Health Care Financial Management.

Information Technology Strategic Plan Initiatives.

HIPAA Implementation Issues.

Selection of a New Health Care Information System.

Budget Presentation to the Board Finance Committee.

October Finance Committee Special Agenda Items.

CHAPTER ELEVEN: NOVEMBER.

Preparation of the Budget Results and Delivery to the Department Managers.

Budgeting and Spreading Contractual Adjustments by Department.

Issues Involving RHMC’s Cost Structure.

How to Improve the Organization’s Cost Structure.

Supply Chain Management in Health Care.

Benefi ts of Tax Status for Health Care Organizations.

Preparation and Implications of the Annual IRS 990 Report.

CHAPTER TWELVE: DECEMBER.

Getting Ready for Year-End Reporting—Again.

Open-Heart Surgery Pro Forma.

December Finance Committee Special Agenda Items.

Looking into the Future of Health Care Finance.

References.

Index.