HCM132: Hospital and Healthcare Economics & Financial Management
About this course
This intensive course has the following structure/outline –
| Course Outline | ||||||||
| Course Name/Title | Hospital and Healthcare Economics & Financial Management | |||||||
| Course Number | HCM132 | |||||||
| Who will benefit from attending? | This course is designed for –
· Senior, Mid-level and Junior Managers · Supervisory Staff · Project Managers · Team Leaders · Staff needing to hone their administrative skills
The course allows delegates to update their knowledge and learn new or improved techniques for a variety of formal work settings.
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| Course Learning Outcomes (CLOs) |
On completing the course, delegates will be able to –
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| Course Topics | Topics covered include | |||||||
| · The economics of healthcare
· Economies of scale and economies of scope considerations for health care organizations · Healthcare business models · Healthcare microeconomic and macroeconomic issues |
Day 1 | |||||||
| · Demand classes and pricing models for health care
· Costing Healthcare services · Cost tracing and cost allocation methods for healthcare · Budgeting and financial forecasting for healthcare · Healthcare Cost Control considerations |
Day 2 | |||||||
| · Accounting for Healthcare
· Healthcare financial metrics, and economic KPIs for assessing value creation · Healthcare econometrics; Productivity and cost function modelling · Exploring the notion of scarcity of supply and revenues in healthcare · Financial risk management for healthcare |
Day 3 | |||||||
| Course Scheduling Information | ||||||||
| Course Run Dates | Course timings to suit EMBT College Schedule and/or client requirements
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| Course Duration | 3 days (this may be varied or customized to suit the client)
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The courses are delivered via instructor-led sessions. Emphasis is placed on the use of topical case studies and relevant simulations to impart practical knowledge and expertise. Sessions will involve a mix of instructor presentations and case study work, with supporting classroom discussions.
Assessment of performance will be through delegate-completed portfolio of work. The final course outcome is a college-issued Course Certificate of Completion which is also UK Ofqual-endorsed.