Financial Management
This unit of study is designed to form the basis for a sound understanding of financial management in health care. Funding arrangements in the Australian health care system, including economic principles and decision-making, and the implications of scarce resources, are outlined. Financial reports and cost centre management are explored. The course also provides comprehensive coverage of the impact and place of casemix in contemporary financial management and the principles and practice of budgeting, incorporating casemix-based data and information. The aged care sector is also discussed, providing a sound overview of financial management in health care generally.
Term : JANUARY, JULY
Hours of Study: 150
Credit Points : 6
Theme 1: Healthcare – economics and financing
Analyse health economics and financial decision making
Theme 2: Principles and practices of budgeting
Discuss contemporary funding options and case mix information
Theme 3: Financial accounting concepts for nurses
Examine current concepts relating to financial accounting in the health care context
Theme 4: Funding in aged care
- Investigate the process of business planning in the health care context
- Compare budgeting approaches in the healthcare context
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