In a rapidly changing NHS, this module gives an understanding of the importance of costing fundamentals in healthcare. This knowledge is key to recognising how clinical decisions affect the consumption of resources used to treat patients. Costing has a significant role to play in identifying variation in health services, when linked to outcomes and quality improvement initiatives. In the current financial context, the NHS needs to do things differently – this means clinical and financial staff working increasingly closely, finding new ways of delivering care and the best possible value for the taxpayer.
This module will support learners to understand how costing works in the NHS and the challenge of capturing complex data to facilitate accurate and meaningful costing. It addresses the issues of communicating and engaging with information to improve patient outcomes and value for money across the NHS. It will explore how NHS organisations and local health economies can use costing data as operational intelligence, link it with outcomes, and use it to support evidence-based decision-making. It will also provide insight into what needs to change and barriers to implementing change.
Enrol on our next intake and start your HFMA qualifications journey.
What do I get access to?
The HFMA qualifications are delivered entirely online and provide learners with a unique study programme.
24/7 online learning environment
Support from expert tutors
Online discussion forums
Weekly live and recorded sessions
Access on all devices
Defining value in healthcare finance – the role of health economics
Allocation policy and its impact on value
The use of NHS payment systems to drive value and change behaviours
NHS cost behaviour analysis and its contribution to generating value
Investment and disinvestment decision-making in the NHS
Working with the private sector to add value to the NHS
Measuring outcomes and taxpayer value
Board level decision-making for value
How do I gain a qualification?
By completing this advanced qualification module you will achieve the HFMA advanced certificate ‘Creating and delivering value in healthcare’.
To go on to achieve a full HFMA advanced diploma in healthcare business and finance, you will need to complete 60 credits, so this module PLUS one of the following HFMA advanced modules:
This event is for senior NHS finance and healthcare professionals and will provide delegates with the know-how to begin applying value in practice.
As part of the HFMA's programme of work this event is aiming to increase awareness amongst NHS finance staff about digital healthcare technologies