Gapenski's Understanding Healthcare Financial Management, Eighth Edition

Borrowing, earning, spending, forecasting, monitoring, and budgeting—all of these financial activities are woven into virtually every major decision a healthcare institution makes. Leaders are best positioned for strategically powerful decisions when they approach challenges with a firm grasp of the most pertinent tools of finance. Although financial decisions are nuanced and complex, Gapenski's Understanding Healthcare Financial Management makes the topic engaging and clear. Rich with examples, both real and fictional, the book makes the practical application of abstract concepts comprehensible and covers such vital topics as: • Time value analysis • Debt, equity, and lease financing • Capital budgeting and risk analysis • Financial condition analysis and forecasting • Revenue cycle The eighth edition of this classic textbook is full of extra activities to solidify learning, ranging from spreadsheet problems, minicases, and self-test questions to more in-depth resources such as integrative applications and supplementary online materials and chapters. This entire edition has been updated to reflect the December 2017 federal tax bill, with two chapters extensively revised to clarify concepts, incorporate actual data, and reflect new reporting requirements. Gapenski's Understanding Healthcare Financial Management offers a practical introduction to the useful concepts that every healthcare decision-maker needs to know, giving leaders a real advantage as they face some of the most consequential choices of their careers.

About the Author

George H. Pink, PhD, is the Humana Distinguished Professor in the Department of Health Policy and Management of the Gillings School of Global Public Health and a senior research fellow at the Cecil G. Sheps Center for Health Services Research at the University of North Carolina at Chapel Hill. Before receiving a doctorate in corporate finance, he spent ten years in health services management, planning, and consulting. Dr. Pink teaches courses in healthcare finance and is involved in several large research projects, including studies of hospital financial  performance. Over the past 30 years, he has served on boards and committees at more than 100 hospitals and other healthcare organizations. He has written more than 80 peer-reviewed articles and has made more than 200 presentations in 10 countries.

Paula H. Song, PhD, is associate professor and director of the residential master's program in the Department of Health Policy and Management of the Gillings School of Global Public Health and a research fellow at the Cecil G. Sheps Center for Health Services Research at the University of North Carolina at Chapel Hill.Her research and teaching interests include healthcare financial management, investment strategies in not-for-profit hospitals, payment reform, and business case evaluation for health initiatives. Dr. Song received a doctorate in health services organization and policy, as well as master's degrees in health services administration and applied economics, from the University of Michigan at Ann Arbor.