NS5341 - Business and Finance for the Health Manager

This subject provides the student with tools and skills needed to assume effective business and financial management functions. Health care is a business, and health managers must be able to manage their units in a fiscally appropriate way. This subject will explore topics such as building, understanding and monitoring budgets; accounting tools; capital investment management; and reporting.

Learning Outcomes

• Identify challenges for financial managers in a healthcare context;
• Apply the principles of financial information and control to healthcare administration;
• Recognise and interpret the types of budgets used in healthcare settings;
• Identify and apply key accounting principles, terms and language;
• Interpret the information contained in basic financial statements to formulate conclusions about financial performance, financial position, liquidity, and risk of firms in the healthcare sector.

Subject Assessment

• Written > Problem task - (30%) - Individual
• Written > Proposal - (50%) - Individual
• Participation > Online participation - (20%) - Individual.

Special Assessment Requirements

Passing requirements: complete and submit all assessment items; achieve a cumulative score of at least 50% after the application of any penalties such as late penalties.

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.