Business Owners Toolkit (2007).  Payback period Analysis.  Retrieved on August 10,

2007 from
http://www.toolkit.com/small_business_guide/sbg.aspx?nid=P06_6510.

This article the author clearly defines payback period as a simple measure of the time spent in recovering money spent on a healthcare investment. According to the author, the payback period should be calculated by the use of a required return that is not less than zero that is i>0. The article is useful since it clearly indicates that after one year the cash flows will recover the investment with a return of i%.

Finance Scholar (2008) Payback period rule. Retrieved on May 20, 2008 from

http://www.financescholar.com/payback-period-rule.html

This article precisely outlines the amount of time taken in the recovery of original cost of a venture that is being undertaken. In this case, the article clearly indicates that an investment is satisfactory if the reimbursement that results from it falls under a prearranged number of years. I found this article helpful because it assists in calculating how much reimbursements’ will be realized from an investment under a preplanned number of years.

Fridson, M. & Alvarez, F. (2002). Financial Statement Analysis: A Practitioner’s Guide,

3rd edition. New York: Wiley Publishers

This book guides physicians and hospitals on how to analyze their financial statements. In this case, it provides a good guideline in the attempt to derive quantitative measure or guides relating to financial health and profitability of investments.

Griffith, J. & White, K. (2006). The Well Managed Healthcare Organizations, 6th edition.

New York: Health Administration Press

This book is a definitive resource that outlines how healthcare should be provided to patients and how the payments of these healthcare services should be done. In this book, the author describes various ways of calculating payments for the services provided to the patients in hospitals and healthcare organizations.

Kaufman, K. (2002). Finance in Brief: Six Key Concepts for Healthcare Leaders, 2nd

edition. New York: Health Administration Press

This book includes information on the main concepts which leaders of healthcare organization should use in allocation of capital to healthcare services. Throughout the book, the author describes how finance-budgeting processes which are based on decision scrutiny assist healthcare organizations apportion capital efficiently when meeting requirements for capital expenditures.

Kramer, A. K. and Ellertsen, R. J.  Using PCs for effective case-mix based budgeting.

Healthcare Financial Management, 47 (6), 52-55. Retrieved on May 3, 2004 from Proquest.

Kramer and Ellertsen in this journal describe how precise statistical budgeting is applied in the cost control technique in the healthcare organizations. According to the authors, the application of precise case-mix based statistical budgeting in the reduction of unit costs is a strategy used by financial managers in ensuring profitability. This article therefore helps in ratio analysis in the assessment of financial health of an organization.

Kleinmuntz, C. E. and Kleinmuntz, D. N. (1999).  A strategic approach allocating capital in healthcare organizations.  Healthcare Financial Management, 53 (4), 52-57.  Retrieved on May 3, 2004 from Proquest.

This journal clearly outlines how funds are allocated in healthcare organizations and by what proportions. The author precisely indicates strategies and approaches which need to be followed when allocating funds to healthcare organizations. Throughout the journal, the author describes how finance-budgeting processes which are based on decision scrutiny assist healthcare organizations apportion capital efficiently when meeting requirements for capital expenditures. I found the journal useful as it outlines eight-step method instituting assessment principles, categorizing proposals by area of reserves, and making certain that these suggestions are complete and easy to comprehend.

Masoud, H. (1996). Strategic Analysis for Resource Allocation Decisions in Healthcare

Organizations. Retrieved on Sep 17th, 2010 from:

http://www.allbusiness.com/human-resources/employee-development-problem-solving/553794-1.html

This article clearly indicates how resources should be allocated in hospitals to cater for Medicare services offered to patients. Additionally, this article outlines the strategic planning for the allocated capital in these healthcare organizations to avoid misappropriation of funds.

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