Understanding healthcare Financial Management, Fourth Edition This fourth edition includes the theories and concepts behind financial decision making in health services. This text features practical applications and updated real-world examples available online to help students grasp the financial theories and concepts discussed.

What’s new in this edition:

Text is not limited to just hospitals, and includes examples from medical practices, managed care organizations, nursing homes, and home health providers
Text is ideal for advanced graduate students, but also contains enough introductory material that it is also appropriate for an introductory course
New edition has been thoroughly updated, particularly the recent reimbursement changes and the real-world examples
New sections focusing on the complications that arise in small businesses, especially medical practices, have been added
Each chapter features end-of-chapter problems suitable for homework assignments or class discussion
Most chapters in the text have accompanying online Excel models to help readers learn the material better.

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On December 8, 2003, President George W. Bush signed into law the medicare Prescription Drug, Improvement and Modernization Act (MMA) of 2003. This landmark legislation provides seniors and people living with disabilities with a prescription drug benefit, more choices and better benefits under medicare, the most significant improvement to senior health care in nearly 40 years.

New medicare Poll from the Kaiser Family Foundation

Prescription Drug Plans In Pacific Territories

New Drug Coverage Includes Options for Additional Benefits and Saving Money

CMS National Provider Identifier (NPI) Dear Provider Letter
CMS announced a system whereby all health care providers, including medicare providers, can apply for a new identifier, known as the National Provider Identifier, or NPI, starting May 23, 2005.

Newspapers Highlight medicare Issues
Several newspapers recently published articles about medicare. Summaries of the coverage appear below.Errors: About 138,000 medicare beneficiaries nationwide are “stuck in bureaucratic gridlock” while prescription drug plan premiums are “erroneously” deducted from their social security checks, the Milwaukee Journal Sentinel reports. [click link for full article] medical Errors Increase Physicians’ Stress Levels, Study Finds Physicians […]

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