Financial Management for Hospital Administration

by GR Kulkarni, P Satyashankar, Libert Anil Gomes

This book is written keeping in mind the requirements of hospital administrators and management staff who are entrusted with the responsibility of administering the institutions managed by them as financially viable units. The objective is not to make their accountants better book keepers. In 1990s, when the work on this book was first initiated, hospitals were regarded more as a part of welfare activity, owned and managed by the Government/States or by Charitable Trusts and other NGOs. They were mostly run on no-profit no-loss basis. The book was titled Management Accounting for Hospitals and the contents of the book were focused on Cost Accounting. During subsequent decade, several of the non-Government hospitals transformed themselves into commercial ventures. The title of this version of the book has been changed to Financial Management for Hospital Administration to reflect the changing scenario. Some features are unique to hospitals, which justify a book on Hospital Administration. This book is addressed to all categories of hospitals- whether owned and managed by the Government, public authorities, voluntary private organizations or corporate bodies; looking for profit or operating on no-profit no-loss basis; small nursing homes with 10-20 beds and managed by wife and husband doctors\' team or high-tech hospitals. Though strictly not a part of the subject Managerial Accounting, the book will also help: 1. Understanding of accounting controls to ensure proper safeguard of the assets owned by the hospital; and expenditure is incurred genuinely for running the hospital and income that is generated is promptly and correctly brought into accounting books. 2. Suggest cost-effective computerization of accounting records to provide better service to patients; reduce clerical effort, and generate management information avoiding usual but avoidable pitfalls. 3. Provide a chart of accounts to facilitate a meaningful analysis of costs and income for better control and facilitate inter-hospital comparisons.

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Book Detail

Author
1. Kulkarni GR
2. Satyashankar P
3. Gomes Libert Anil
Author's Affiliation
1. Mumbai, Maharashtra, India
2. SDM College of Medical Sciences and Hospital, Dharwad, Karnataka, India
3. Kasturba Medical College and Hospital, Manipal, Karnataka, India
Father Muller Medical College and Hospital, Mangalore, India, e-mail: anilmdha@outlook.com
ISBN
9788184486247
Speciality
Hospital Administration
DOI
10.5005/jp/books/10306
Edition
1/e
Publishing Year
2009
Pages
282
Book Type
Professional

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