RT Book, Section
A1 Kazi, Farshid
A1 Amin, Alpesh
A2 McKean, Sylvia C.
A2 Ross, John J.
A2 Dressler, Daniel D.
A2 Brotman, Daniel J.
A2 Ginsberg, Jeffrey S.
SR Print(0)
ID 56192492
T1 Chapter 23. Finance in the Health Care Sector
T2 Principles and Practice of Hospital Medicine
YR 2012
FD 2012
PB The McGraw-Hill Companies
PP New York, NY
SN 978-0-07-160389-8
LK accessmedicine.mhmedical.com/content.aspx?aid=56192492
RD 2024/04/18
AB Hospital  spending  accounts  for  a  disproportionate  portion  of  health  care  expenditures  in  the  United  States  and  hospitals  will  continue  to  be  under  constant  pressure  to  improve  efficiency  with  increasingly  limited  resources.  Understanding  the  flow  of  money  in  health  care  has  become  an  integral  part  of  medicine.  As  health  care  reform  reshapes  a  competitive  environment,  hospitals,  hospitalist  leaders,  and  practitioners  need  a  common  language  and  framework  as  they  navigate  hospital  operations,  set  budgets  for  their  employees,  and  achieve  financial  success.  Hospitalists  and  hospitalist  medical  directors  must  be  fiscally  savvy  in  order  to  survive  the  challenging  world  of  health  care.  Although  a  hospital  administrator  carries  out  much  of  the  detailed  analysis,  the  hospitalist  medical  director  is  responsible  for  the  operation  of  the  practice,  which  includes  managing  the  Hospital  Medicine's  group  budget.  Beyond  billing,  the  director  should  be  informed  of  the  status  of  all  other  revenue  resources,  including  capitated  payments,  stipends,  and  other  monies.