In a rapidly changing NHS, this module gives an understanding of costing fundamentals and the importance of costing in healthcare. This is key to recognising how clinical decisions affect the consumption of resources used to treat patients.
This module will help learners to understand how costing works in the NHS and the challenge of capturing complex data to facilitate accurate costing. They will explore how NHS organisations and local health economies can use costing data as operational intelligence, and link it with outcomes, to support evidence-based decision making. It will also provide insight into what needs to change and the barriers to making that happen.
The HFMA advanced qualifications are relevant to individuals aspiring to develop senior strategic and leadership skills who are currently working in clinical/medical, finance, managerial and operational roles. They are also highly relevant to individuals working for commercial companies serving the NHS.