Essentials of Health Care Finance, Fifth Edition
Average customer rating: 2.5 out of 5 stars
  • Essentials of Health Care Finance
  • Essentials of Health Care Finance
  • Troubling Guide to Alien Territory
  • Not for beginners
  • Mr. Cleverley is the guru of healthcare finance
Essentials of Health Care Finance, Fifth Edition
William Cleverley
Manufacturer: Jones and Bartlett Publishers, Inc.
ProductGroup: Book
Binding: Hardcover

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ASIN: 0763724955

Book Description

This book stands firmly in its place as the leading textbook in its coverage of health care finance. No other text so completely blends the best of current finance theory with the tools needed in day-to-day practice.

Customer Reviews:

1 out of 5 stars Essentials of Health Care Finance.......2007-09-10

This is a very difficult book to digest if you are not familiar with accounting concepts. This is not a beginner text! The text is written in a very broad context, however, the expectation in my class was to apply the broad concepts to detailed financial problems. This was difficult because Cleverly offerred few examples to help apply the difficult financial concepts. I found the text to be utterly frustrating!

1 out of 5 stars Essentials of Health Care Finance.......2003-06-19

I bought the book of Essentials of Health Care Finance, it was delivered on time, however, some papers insided the book are very dirty, I can see the brown oily figure prints. I wish that I can exchange the book ...

4 out of 5 stars Troubling Guide to Alien Territory.......2001-08-23

This books offers a broad coverage of health care topics for a non-financial person. It is most deeply flawed for its inability to communicate clearly to a lay person. Essentially it is a vocabulary primer of important financial principles and concepts. It requires abstract thinking and the ability to follow mathematical models.

This reader studied Cleverly's text as a requirement for a healthcare finance class. The text was frustrating as this reader attempted to "know" everything about healthcare finances; however, this is probably not the intent of the book. It does present a road into the foreign land of finances. It demands respect for another set of data and another language for interpreting that data. One does not master this data set at one pass, however.

Nevertheless, this reader did gain some new financial information. At the risk of being simplistic, but communicative; a listing of some of the concepts learned follows:

1. There are many users of financial information.

2. Financial information can guide the formation of programs.

3. Financial management is essential for successful healthcare organizations.

4. Various qualities of health care organization types.

5. How health care organizations make up for discouting and bad debt and capitated payments.

6. General principles of accounting and why they are important. Also that these principles still need to be explained, to be consistent, and to be clarified.

7. Overview of four main types of financial statements with a brief explanation of vaious line items.

8. That financial planning includes considering inflation before it happens, and for equipment etc. to break and wear out before it breaks or wears out.

9. That financial information can be better understood by comparing financial ratios of different line items and trends over time. There are national benchmarking ratios available and Cleverly gives some and tells how to get more.

10. That financial planning should be an orderly process in an organization.

11. There are different types of costs. Some stay the same, some are overhead types. Some are direct, some are hidden. Some can be controlled, some cannot.

12. Figuring out prices is a very complex process in healthcare. It is based on costs and payers. It must also include indirect costs and costs of future problems.

13. There is still stuff to learn . . . And this reader is still no expert.

Finally, after this MSN course and this text, this reader is more conversant with the financial landscape. It holds interest and it is understandable, after all.

2 out of 5 stars Not for beginners.......2000-01-08

I have finished about 5 different chapters for a Masters degree course I am taking. This book is not for beginners! I am an RN and have been working in business for 10 years. The author assumes that you have had basic accounting and the terminology is unfamiliar. There are very few examples given so it is hard to take the information and see how it is really used. I have had to buy another book just so that I could understand this book.

5 out of 5 stars Mr. Cleverley is the guru of healthcare finance.......1999-08-27

This book represents the foundation on which all healthcare organizations should examine their financial strength and management. While not for beginners, it provides a comprehensive overview of reporting and benchmarks that prove invaluable during the budgeting process and for financial control.
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    4 out of 5 stars Comprehensive and academic.......1999-12-15

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                Manufacturer: Jossey-Bass
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                Fundamentals of Health Care Financial Management, Second Edition, is the revised and updated version of the classic book that offers health care financial managers a practical tool for addressing the financial issues that are unique to the health care industry. Throughout the book, author Steven Berger— an expert in the field of health care financial management— relates real-world experiences that reveal how to execute the complex activities a health care financial manager must handle on a day-to-day basis. Intended for use as both a text and a professional resource, Fundamentals of Health Care Financial Management also includes critical information about the rules, regulations, policies, and procedures that influence American health care practice. In addition, this new edition contains timely information on a variety of topics including the latest changes in the tax laws, reimbursement patterns, and an update on privacy regulations.

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