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Borrowing, earning, spending, forecasting, monitoring, and budgeting—all of these financial activities are woven into virtually every major decision a healthcare institution makes. Leaders are best positioned for strategically powerful decisions when they approach challenges with a firm grasp of the most pertinent tools of finance. Although financial decisions are nuanced and complex, Gapenski's Understanding Healthcare Financial Management makes the topic engaging and clear. Rich with examples, both real and fictional, the book makes the practical application of abstract concepts comprehensible and covers such vital topics as: • Time value analysis • Debt, equity, and lease financing • Capital budgeting and risk analysis • Financial condition analysis and forecasting • Revenue cycle The eighth edition of this classic textbook is full of extra activities to solidify learning, ranging from spreadsheet problems, minicases, and self-test questions to more in-depth resources such as integrative applications and supplementary online materials and chapters. This entire edition has been updated to reflect the December 2017 federal tax bill, with two chapters extensively revised to clarify concepts, incorporate actual data, and reflect new reporting requirements. Gapenski's Understanding Healthcare Financial Management offers a practical introduction to the useful concepts that every healthcare decision-maker needs to know, giving leaders a real advantage as they face some of the most consequential choices of their careers.