HCM132: Hospital and Healthcare Economics & Financial Management

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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.


Course Learning Outcomes (CLOs)  

On completing the course, delegates will be able to –


CLO1 Formulate viable performant healthcare business models
CLO2 Deal more efficiently with budgeting and financial forecasting for healthcare organizations
CLO3 Critically assess and manage healthcare facility financial risk



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


Course Duration 3 days (this may be varied or customized to suit the client)




Course Delivery Approach

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 & Certification

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.



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