FINANCIAL MANAGEMENT IN HEALTH SERVICES
PHE5FMH
2021
Credit points: 15
Subject outline
In this subject, you are introduced to financial management in health services, in particular, systems of finance and budgeting as applied in healthcare.In addition, we review how non-monetary resources are recorded and explore the methods in which organisations secure and manage resources needed, and the financial implications associated with procurement. We explore the difference between organisational and management accounting.Topics covered include; accounting principles, basic analysis and management implications related to financial data and quantitative performance data, and basic techniques of quantitative decision making and operations research for dealing with health service resource utilization decisions. You are also introduced to costing and casemix funding in healthcare. In addition, we introduce the impact of procurement of goods and supplies by health services, including common procurement methods and an exploration of ethics in procurement, otherwise known as probity.
SchoolPsychology and Public Health
Credit points15
Subject Co-ordinatorHanan Khalil
Available to Study Abroad/Exchange StudentsYes
Subject year levelYear Level 5 - Masters
Available as ElectiveYes
Learning ActivitiesStructured learning via lectures, pre lecture videos, online activities utilizing flipped learning, discussion blogs.
Capstone subjectNo
Subject particulars
Subject rules
PrerequisitesN/A
Co-requisitesN/A
Incompatible subjectsPHE5HSR AND CPH5HSR
Equivalent subjectsN/A
Quota Management StrategyN/A
Quota-conditions or rulesN/A
Special conditionsStudents must have sufficient internet capacity to run Zoom using a laptop computer equipped with camera and microphone. Overseas students must note that classes are scheduled at Australian Eastern Standard Time or Australian Eastern Standard Daylight time (depending on time of year.)
Minimum credit point requirementN/A
Assumed knowledgeSubject delivered in English, Ability to use a computer in an online environment, Basic function knowledge of spreadsheet programs such as MS Excel.
Learning resources
Accounting: Business Reporting for Decision
Resource TypeBook
Resource RequirementRecommended
AuthorBirt, J., Chalmers, K., Maloney, S., Brooks, S., Oliver, J., Bond, S
Year2020
Edition/Volume7th ed
PublisherJOHN WILEY & SONS
ISBN9780730369325
Chapter/article titleN/A
Chapter/issueN/A
URLN/A
Other descriptionN/A
Source locationN/A
Career Ready
Career-focusedYes
Work-based learningNo
Self sourced or Uni sourcedN/A
Entire subject or partial subjectN/A
Total hours/days requiredN/A
Location of WBL activity (region)N/A
WBL addtional requirementsN/A
Graduate capabilities & intended learning outcomes
Graduate Capabilities
Intended Learning Outcomes
Subject options
Select to view your study options…
On-Line, 2021, LTU Term 5, Online
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorAdamm Ferrier
Class requirements
WorkShopWeek: 37 - 42
Three 2.00 hours workshop every two weeks on weekdays at night from week 37 to week 42 and delivered via online.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
Four blog postings in peer group (500 words each with a total of 2000 words) | Other | Combined | Yes | 40 | SILO2, SILO3, SILO5, SILO6 |
Multiple Choice Quiz consisting of 30 questions (Equivalent 1000 words) | Quizzes | Individual | No | 20 | SILO1, SILO2, SILO3, SILO5 |
One written assignment (Equivalent of 2000 words, calculations required in part) | Assignment | Individual | No | 40 | SILO1, SILO2, SILO3, SILO4, SILO5, SILO6 |