The Financial Management of Hospitals and Healthcare Organizations

"No margin—no mission." Concurring with this motto, the author states that without effective financial management (the margin) hospitals and other healthcare providers cannot fulfill their mission of offering needed medical services to their communities. Nowicki, whose vita includes positions in academe and healthcare administration and financial management consulting, discusses the context of healthcare's unique pluralistic funding; specifics of its operating revenue and working capital; resource allocation planning; and future trends such as Healthy People 2010, the US government's strategic plan. Includes recommended readings and a useful glossary and translation of healthcare acronyms. Annotation c. Book News, Inc., Portland, OR (booknews.com)