This article the author clearly defines payback period as a simple measure of the time spent in recovering money spent on a healthcare investment. According to the author, the payback period should be calculated by the use of a required return that is not less than zero that is i>0. The article is useful since it clearly indicates that after one year the cash flows will recover the investment with a return of i%.
Finance Scholar (2008) Payback period rule. Retrieved on May 20, 2008 from
This article precisely outlines the amount of time taken in the recovery of original cost of a venture that is being undertaken. In this case, the article clearly indicates that an investment is satisfactory if the reimbursement that results from it falls under a prearranged number of years. I found this article helpful because it assists in calculating how much reimbursements' will be realized from an investment under a preplanned number of years.
Fridson, M. & Alvarez, F. (2002). Financial Statement Analysis: A Practitioner's Guide,
3rd edition. New York: Wiley Publishers
This book guides physicians and hospitals on how to analyze their financial statements. In this case, it provides a good guideline in the attempt to derive quantitative measure or guides relating to financial health and profitability of investments.
Griffith, J. & White, K. (2006). The Well Managed Healthcare Organizations, 6th edition.
New York: Health Administration Press
This book is a definitive resource that outlines how healthcare should be provided to patients and how the payments of these healthcare services should be done. In this book, the author describes various ways of calculating payments for the services provided to the patients in hospitals and healthcare organizations.
Kaufman, K. (2002). Finance in Brief: Six Key Concepts for Healthcare Leaders, 2nd
edition. New York: Health Administration Press
This book includes information on the main concepts which leaders of healthcare organization should use in allocation of capital to healthcare services. Throughout the book, the author describes how finance-budgeting processes which are based on decision scrutiny assist healthcare organizations apportion capital efficiently when meeting requirements for capital expenditures.
Kramer, A. K. and Ellertsen, R. J. Using PCs for effective case-mix based budgeting.
Healthcare Financial Management, 47 (6), 52-55.Retrieved on May 3, 2004 from Proquest.
Kramer and Ellertsen in this journal describe how precise statistical budgeting is applied in the cost control technique in the healthcare organizations. According to the authors, the application of precise case-mix based statistical budgeting in the reduction of unit costs is a strategy used by financial managers in ensuring profitability. This article therefore helps in ratio analysis in the assessment of financial health of an organization.
Kleinmuntz,C. E. and Kleinmuntz, D. N. (1999). A strategic approach allocating capital in healthcare organizations. Healthcare Financial Management, 53 (4), 52-57. Retrieved on May 3, 2004 from Proquest.
This journal clearly outlines how funds are allocated in healthcare organizations and by what proportions. The author precisely indicates strategies and approaches which need to be followed when allocating funds to healthcare organizations. Throughout the journal, the author describes how finance-budgeting processes which are based on decision scrutiny assist healthcare organizations apportion capital efficiently when meeting requirements for capital expenditures. I found the journal useful as it outlines eight-step method instituting assessment principles, categorizing proposals by area of reserves, and making certain that these suggestions are complete and easy to comprehend.
Masoud, H. (1996). Strategic Analysis for Resource Allocation Decisions in Healthcare
This article clearly indicates how resources should be allocated in hospitals to cater for Medicare services offered to patients. Additionally, this article outlines the strategic planning for the allocated capital in these healthcare organizations to avoid misappropriation of funds.
Mayes, R. (2006). Medicare Prospective Payments and the Shaping of U.S. Healthcare,
1st edition. New York: Johns Hopkins University Press.
In this book, the author explains how Medicare's inventive imbursement system activated change in power away from the donors who are hospitals and physicians to the payers who are government insurers and workers. According to the book, the author provided instructions for how strategy makers can utilize payment policy to drive developments in the American health care systems.
Miller, T. R. and Ryan, J. B. (1995). Analyzing cost variance in captivated contracts.
Healthcare Financial Management,49 (2), 22-23. Retrieved on May 3, 2004
from Proquest.http://www.amazon.com/Medicare-Prospective-Payment-Shaping-
Health/dp/0801884543
In this article the author describes how finances should be analyzed in healthcare organizations. It is clearly indicated in the article that how Medicare payments provided to the hospital and physicians are calculated. On the other hand, this article is useful in such a way that it precisely outlines the concepts of payback, cost benefits, profitability and how they are applied in the justification of an investment.
Newland, D. & Reoma, S. (1989). Allocating Capital in a Multi-Hospital System.
This article describes an efficient and adequate way of allocating limited funds to health care systems. Further, this article outlines strategic financial planning method which is essential in allocation of funds in hospitals. According to the authors, this method needs to have a formula that addresses the quantitative challenge of distributing capital.
Nowicki, M. (2004). The Financial Management of Hospitals and Healthcare
Organizations, 3rd edition. New York: Health Administration Press
In this book, Nowicki explains how hospitals and healthcare organizations should be managed financially in matters concerning payments of healthcare services to patients. In this case, this book outlines the calculation of Medicare payments provided to the hospitals and physicians for services to be offered to the patients.
Singhvi, S. (1996). Using an affordability analysis to budget capital expenditures. Healthcare Financial Management, 50 (6), 70-75. Retrieved on May 3, 2004 from Proquest.
This journal precisely describes how inexpensive analysis methods may be used in budgeting capital spending in healthcare organizations. In this case, the author outlines how the healthcare organizations require making financial spending in the expansion or renovation of their facilities or in financing other essential projects. This journal is useful in that it describes how to conduct an analysis of financial resources used by organizations in evaluating of a capital spending.
Sussman, J. et al. (2009). Ensuring Affordability of Your Hospital Strategies. Retrieved
This article precisely outlines many hospitals and healthcare organizations have applied dynamic strategic cost repression to reduce balance sheet damage as a result of major financial crisis. Additionally, this article is useful in that it describes how to conduct an analysis of financial resources used by organizations in evaluating of a capital spending
Swarne, L. et al. (2009). Strategic Management of Health Care Organizations, 6th edition.
New Jersey: Wiley-Blackwell
This book provides a concise coverage of the care given in healthcare organizations and strategies used by health carte organizations in calculating payments of the care given to patients. According to the book, the authors describe analysis of techniques which should be used in order to realize maximum profits in healthcare investments.
