Book excerpt: Finance, Budgeting & Quantitative Analysis Finance, Budgeting & Quantitative Analysis: A Primer for Nursing Home Administrators is a comprehensive guide designed specifically to help long-term care managers produce, present, and defend the departmental budget. Author Brian Garavaglia, Ph.D., FACHCA, offers new and updated tips and tools that break down the confusing and often foreign, financial side of healthcare. This one-of-a-kind resource offers step-by-step instructions, and helpful charts that translate the confusing language, number crunching, and report reading into information that managers can apply to budget planning and preparing in long-term care settings. Finance, Budgeting & Quantitative Analysis: A Primer for Nursing Home Administrators will give you: Concise explanations of the finance and budget cycle in nursing homes for non-financial professionals Real-world examples and case studies that illustrate the right way to manage finance and budgeting All the forms necessary to successfully manage the budget Clarification of how revenue and budgeting intersect and the effect it has on the bottom line Description of the SNF and PPS revenue challenges and how they affect financial planning Table of Contents Chapter 1: The General Accounting Procedure Chapter 2: Financial Statements Chapter 3: Debits, Credits, and Postings to Accounts Chapter 4: The Accounting Cycle Chapter 5: Inventory Chapter 6: Planning and Budgeting Chapter 7: Cost Containment in Long-Term Care Chapter 8: PPDs As the Benchmark for Measurement Chapter 9: Labor Costs Chapter 10: The Staff Chapter 11: Medicaid, Medicare, and Third-Party Payment Chapter 12: The Financial Implications for Insurance Policies Chapter 13: Consolidated Billing and the MDS Chapter 14: Quantitative Analysis for Long-Term Care Administrators Traditional Scientific Tenets Chapter 15: Common Quantitative Analytical Techniques for Healthcare Administration Chapter 16: Correlation: The Importance of Measuring Relationships between Variables Chapter 17: Inferentially Based Statistical Procedures Chapter 18: The Time Value of Money Chapter 19: Planning Through the Use of Networks Chapter 20: Economic Principles Chapter 21: Mathematical Review Chapter 22: References and Suggested Readings Tools When you purchase this book, you will also receive on-line access to a number of valuable tools, which you can download straight to your desktop, then customize to fit your specific needs.