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Financial Management in Healthcare

Financial Management in Healthcare

EduCBA

Summary

Price
£99 inc VAT
Or £33.00/mo. for 3 months...
Study method
Online
Course format What's this?
Video
Duration
12 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
Certificates
  • Course Completion Certificates - Free

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Overview

Managing the funds of any health care business nowadays is not an easy job. The industry has been shifting in big ways since long before the Affordable Care Act took effect. Financial Management in Healthcare requires exceptional expertise and rightly so this course intends to make its participants equipped to manage the same.

Be it any industry financial management includes handling routine financial tasks, such as discussing contracts, making cash available for expenses, and maintaining sufficient cash balances for unforeseen costs. For example, large physician practices and hospitals, may decide to offer expanded tests or treatments by buying new medical equipment. This will call for efficient management of finances to get the work done with least cost and risk. Helping to make the choice and finding the best way to pay for it are both part of Financial Management in Healthcare. This training will provide an overview of financial theory and Financial Management in Healthcare principles and concepts in a health care setting.

Description

Over 7 lectures and 1 hour of content!
Learn exclusive characteristics of the healthcare industry that affect the application of financial management principles and concepts
Overview of financial theory and financial management principles and concepts in a healthcare setting

Financial Management in Healthcare Curriculum

1. Introduction
2. Accounting Concepts
3. Profit & loss Account
4. Financial Management Introduction
5. Function of finance
6. Importance & Objectives of financial management
7. Cost accounting introduction & Objectives
8. Basics of Management
9. Planning
10. Strategic Planning
11. Cost Accounting
12. Break-even analysis
13. Marginal Cost and Cost Reduction
14. Budget
15. Ratio Analysis
16. Auditing
17. Financial management
18. Conclusion

Who is this course for?

  • Students
  • Professional groups such as clinicians or health service managers
  • Financial Managers

Requirements

  • Knowledge of Health Sector and its functioning
  • Understanding of financial concepts and market trends of Healthcare Sector
  • Passion to learn

Career path

One can find graduate jobs and career opportunities in financial management around the world, in both private and public sectors. In addition, many more careers in health care sector and in various companies or government services can be enhanced by the distinctive perspective and ways of resolving policy questions that extended study of financial management.

Questions and answers

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Certificates

Course Completion Certificates

Digital certificate - Included

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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