Managing the healthcare business
Advanced certificate - optional module
20 credits, total study time: 200 hours (17 weeks)
In the NHS today there is increasing demand and greater patient and public expectations, but this usually comes at a higher financial cost. Indeed, many healthcare providers are running significant deficits. However, the public sector cannot continue to spend more money than it has available without significant system-wide consequences. When having to ‘do more’ with no additional resources, managing the money that is available efficiently and effectively is vital in demonstrating that public money has been used wisely and well, for its intended purpose. All public sector organisations have a duty to plan how their resources will be used to meet their objectives and an accountability to report what actually happens to the Government and the public.
This module will help learners to understand how planning, reporting and governance arrangements in the NHS help organisations to: establish an agreed way forward; set aims and objectives, how these will be achieved and by when; develop a framework for day-to-day decisions; and be accountable for their performance.
- Introduction to business finance and planning
- Introduction to interpreting accounts and costing
- Business and financial challenges and planning
- Facilitating approaches to budgets and financial analysis
- Charitable funds
- Attaining a micro perspective on financial accounting
- Attaining a macro perspective on financial accounting
- Governance and audit
- Governance models and their effectiveness
- Risk management and assessment framework