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.
| Financial Management | |
| Unit of study code | 303 |
| Availability |
Graduate Certificate in Community and Primary Health Care Nursing Graduate Certificate in Leadership and Management GC single unit of study |
| Term | JANUARY, JULY |
| Pre-requisite | N/A |
| EFTSL | 0.125 FTE |
| Credit points | 6 |
| Hours of study | 150 |
| Fee* | Tier 1 |
| Prescribed texts | Nil |
| Co-ordinated by | Ashley Page MACN Email: ashley.page@acn.edu.au |
| Content |
Intended learning outcomes for this subject/program After completing this subject, the learner will be able to:- |
Assessment Tasks | ||
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Type of assessment Note the completed assessment item (e.g. Assessment 1: Online discussion) |
Weighting (% of total marks) |
When assessed – academic week (e.g. Week 8) |
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| Theme 1: Healthcare – economics and financing | a) analyse health economics and financial decision making | Assessment 1: Online discussions x3 | 10% | 3, 6, 10 |
| Theme 2: Principles and practices of budgeting | b) discuss contemporary funding options and case-mix information | Assessment 2: Essay (2,000 words) | 40% | 5 |
| Theme 3: Financial accounting concepts for nurses | c) examine current concepts relating to financial accounting in the health care context | Assessment 3: Case analysis (2,500 words) | 50% | 9 |
| Theme 4: Funding in aged care | d) investigate the process of business planning in the health care context | |||
| e) compare budgeting approaches in the health care context | ||||
| f) apply the principles of financial management to specific clinical areas. | ||||
Financial Management (303) is a Tier 1 unit.
| Tiers | 2021 Member price (10% discount) | 2021 Non-member price | 2022 Member price (10% discount) | 2022 Non-member price |
|---|---|---|---|---|
| Tier 1 | $2,070.00 | $2,300.00 | $2,133.00 | $2,370.00 |
| Tier 2 | $2,362.50 | $2,625.00 | $2,434.50 | $2,705.00 |
| Tier 3 | $2,776.50 | $3,085.00 | $2,862.00 | $3,180.00 |
| Tier 4 | $3,321.00 | $3,690.00 | $3,420.00 | $3,800.00 |
*Fees are subject to change without notice.
