The Finance and Productivity in Health Care module will equip you with the knowledge and skills you need to play a more active role in financial management. You will explore the evidence for strategies to improve productivity of health care systems, drawing principally on the model of the NHS in England.
The module will help you to become more effective in managing financial resources and improving productivity of the systems in which you work.
The module will be split into two blocks of three and two days respectively. These will be separated by six to eight weeks to allow time for self-directed learning.
Before taking this module, you should already have completed Introduction to Leadership in Health Care
Day 1 -Introduction to principles of financial management using NHS in England as a model. -Allocation of resources, principles of financial control. -Comparison with alternative models of funding for healthcare internationally. Day 2 -Budgets, budget setting and management, interpretation of financial statements. -Introduction to economic principles, including marginal costs. Day 3 -Costing of services. -Implications for decision makers, performance management and commissioning of services. -Tariffs and tariff setting. Day 4 -Productivity measurement. -Initiatives to improve productivity. -Allocative vs X-efficiency. -Introduction to role of incentives for productivity improvement. Day 5 -Pay for Performance schemes. -Capital funding regimes. -Preparation for assignment.