Improving Financial and Operations Performance in Healthcare: A Leader’s Guide

Written by FACMPE Priore, Richard J., ScD, MHA, FACHE, this comprehensive guide is designed to help healthcare leaders navigate the challenges of effective financial and operations management in today’s dynamic healthcare environment.

The increasing pressure on the bottom line of healthcare provider organizations requires leaders who understand and can adeptly apply the basic principles of financial and operations management. To be successful, leaders must simultaneously improve quality and service while reducing expenses. This book provides a clear, step-by-step “how-to” approach for both new and experienced leaders seeking to tackle the myriad of common and complex challenges they are facing.

Proven Strategies for Improving Financial and Operations Performance

This book is a collection of proven effective tips, tools, and techniques accumulated from real-world challenges and lessons learned, logically organized to provide a straightforward approach to planning, assessing, managing, and monitoring a business enterprise to improve profitability.

From conducting budget variance analyses to managing labor and non-labor productivity and expense, performing comprehensive financial condition analyses, growing profitable volume and market share, developing effective business cases for improving quality, and evaluating the financial impact of future projects, this guide covers it all.

Real-World Examples and Practical Applications

Written for clinical and administrative leaders working in the trenches, this book provides practical and applicable tools with relevant, real-world, and replicable case study examples. The essential value of this guide lies in improving decision-making effectiveness, enhancing operations efficiency knowledge, and developing strong financial management acumen to overcome the challenges in today’s healthcare environment.

About the Author

The author brings extensive expertise as a former investor-owned hospital CEO, integrated health system vice president, managing director for renowned turnaround experts, and graduate business school professor in management, finance, and economics.

Key Features

• Realistic case examples to apply key lessons through detailed practical and relevant case studies using clear step-by-step instructions
• Calls-to-action at the end of each chapter with critical leadership imperatives to help prioritize and focus efforts on what matters most
• Comprehensive glossary of key terms and concepts using plain, easy-to-understand language
• Appendices and Excel templates containing easy-to-use plug-and-play financial worksheets, checklists, best practice pathways, and performance assessments

Published by Springer Publishing Company, this first edition was released on January 15, 2021, and is available in English.