Financial Management
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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
Content Intended learning outcomes for this subject/program

After completing this subject, the learner will be able to:-

Assessment Tasks
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)

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.

Tiers2019 Non-member price2019 Member price (10% discount)2020 Non-member price2020 Member price (10% discount)
Tier 1$2,165.00$1,948.50$2,230.00$2,007.00
Tier 2$2,475.00$2,227.50$2,550.00$2,295.00
Tier 3$2,915.00$2,623.50$2,995.00$2,695.50
Tier 4$3,475.00$3,127.50$3,580.00$3,222.00

*Fees are subject to change without notice.