Essentials of Health Care Organization Finance A Primer for Board Members [Hardcover]

Finally! The book that all health care board members needed but were afraid to ask for! Those dark days of staring at incomprehensible numbers during board meetings, of nervous nodding when their financially-literate brethren make comments or ask questions, of voting on things that they do not understand are gone! This book is long overdue and should be read by every trustee who is not a finance professional.
--James E. Orlikoff, president, Orlikoff & Associates, Inc. and executive director, American Governance & Leadership Group

Accounting for $1.4 trillion in expenditures (13.7 percent of gross domestic product), health care is one of the nation's largest and fastest growing industries. This concise, expertly written primer on health care organization finance is a nuts and bolts guide to what has become every hospital's most sensitive topic. Health care organization board members must possess basic financial competence to govern effectively. This book will help them acquire, easily and painlessly, the basic financial literacy essential for discharging their roles and fulfilling their fiduciary duties.

List of Exhibits.

Foreword.

Preface.

About the Authors.

1. Governing.

Obligations.

Responsibilities.

Roles.

Governance Work.

Governance “Enablers”.

In the Boardroom.

2. Financial Responsibilities.

Objectives.

Plans.

Monitoring and Assessing.

Controls and the Audit.

Organization.

In the Boardroom.

3. Health Care Industry Financial Structure and Dynamics.

The Big Picture.

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