Corporate finance principles play an important role in most management decisions from everyday choices to strategic
determinations. Minor decisions do not exist in the financial arena. All decisions have major implications for
an organization's success.
Gain the working knowledge you need to make financially sound decisions. In straightforward terms, this book explains
the six key principles critical to the effective financial management of healthcare organizations:
--Managing the capital cycle
--Creditworthiness
--Integrated strategic and financial planning
--Capital allocation
--Strategic budgeting
--Capital structure management
New in this edition:
The third edition includes new information about the factors that will influence credit ratings, as well as new
approaches to determining your organization�s debt capacity. It also discusses how to link financial planning with
organizational strategy. A new chapter provides guidance on achieving the right capital structure. It explains
what new debt vehicles are available to healthcare organizations and includes advice on how to select the most
appropriate capital structure.
Examples describe the experiences of actual healthcare organizations in implementing best practice credit analysis
and financial planning, capital allocation, and budgeting. Use the lessons learned to jump-start the implementation
of these approaches at your organization.