Glossary Entry

Financial Management

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This body of knowledge encompasses topics from multiple domains, taught in health care management curricula as a consolidated course, generally referred to as "Financial Management in Health Care Organizations." This content examines financial accounting, managerial accounting, and finance concepts and procedures used for decision-making applicable to both tax-exempt and investor-owned healthcare organizations. The topics covered in this body of knowledge are separated into two broad subject categories most consistent with the concepts underlying the broad topic of "Financial Management" - Accounting and Finance. However, there is considerable cross-over in these two areas. Courses should identify distinctions, overlaps and relationships between the two fields.

Suggested Textbooks:
  • Baker, J.J., & Baker, R.W. (2006). Healthcare Finance: Basics for Nonfinancial Managers. (3rd ed.). Sudbury, MA: Jones and Bartlett. 
  • Cleverley, W.O. & Cameron, A.E. (2007). Essentials of Health Care Finance. (6th ed.). Sudbury, MA: Jones and Bartlett. 
  • Gapenski, L.C. Healthcare Finance: An Introduction to Accounting and Financial Management. (4th ed.). Health Administration Press. 
  • Nowicki, M. The Financial Management of Hospitals and Healthcare Organizations (4th ed.). Health Administration Press. 
  • Werner, M.L., & Kumen, H.J. (2004). Introduction to Financial Accounting: A user perspective. (3rd ed.). Upper Saddle River, NJ: Prentice Hall. 
  • Zelman, W.N., McCue, M.J. & Glick, N.D. (2009). Financial Management of Health Care Organizations. (3rd ed.). San Francisco, CA: Jossey-Bass.

Created By: Gerod Blue 12-11-2012
Last Updated By: Gerod Blue 12-11-2012
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