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

• Demonstrate knowledge of finance and business in healthcare;
• Apply key accounting principles, terms and language within the healthcare context;
• Examine the relationship between financial and clinical performance in health care;
• Discuss the responsibilities and challenges associated with business management in healthcare;
• Analyse and interpret financial information and statements to formulate conclusions and solutions related to financial performance, position, and risk in the healthcare sector.

Subject Assessment

• Written > Test/Quiz 1 - (10%) - Individual
• Oral > Presentation 1 - (50%) - Individual
• Written > Problem task - (40%) - 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.