Healthcare finance is a fascinating discipline, yet students often disregard it as either too theoretical or too mechanical. Cases in Healthcare Finance brings abstract concepts to life by aligning classroom work with real-world decision making. By working through the cases in this book, students will gain a better appreciation for how finance principles are applied in practice. The book’s 33 cases explore financial management and accounting in a variety of healthcare settings, such as hospitals, clinics, medical practices, home health organizations, and integrated delivery systems. Offering relevant background details and a comprehensive picture of the organization, each case presents a financial management decision or challenge for students to analyze and then recommend an appropriate course of action.
New content in this updated edition includes: • A case that applies revenue and expense budgeting concepts to a clinic at both start-up and year two of operations • A technology vendor selection case refocused on basic calculations and decision criteria in capital budgeting • Recent changes in the healthcare environment incorporated throughout to ensure the cases are current
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. Prior to 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 rural hospital financial performance. Over the past 30 years, he has served on the boards and committees of more than 100 hospitals and other healthcare organizations, written more than 90 peer-reviewed articles, and made more than 250 presentations in ten countries.
Paula H. Song, PhD, is the Richard M. Bracken Chair and Professor in the Department of Health Administration in the College of Health Professions at Virginia Commonwealth University. Her research and teaching interests cover areas such as 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 in Ann Arbor. She has published more than 50 peer-reviewed articles and has coauthored five leading textbooks on healthcare finance. In 2020, she was awarded the John D. Thompson Prize by the Association of University Programs in Health Administration.