This unit of study is designed to form the basis for a sound understanding of financial management in health care. Funding arrangements in the Australian health care system, including economic principles and decision-making, and the implications of scarce resources, are outlined. Financial reports and cost centre management are explored. The course also provides comprehensive coverage of the impact and place of casemix in contemporary financial management and the principles and practice of budgeting, incorporating casemix-based data and information. The aged care sector is also discussed, providing a sound overview of financial management in health care generally.
| Financial Management | |
| Unit of study code | 303 |
| Availability | Graduate Certificate in Community and Primary Health Care Nursing
Graduate Certificate in Leadership and Management GC single unit of study |
| Term | JANUARY, JULY |
| Pre-requisite | N/A |
| EFTSL | 0.125 FTE |
| Credit points | 6 |
| Mode of study | Online |
| Hours of study | 150 |
| Fee* | Tier 1 |
| Prescribed texts | Nil |
| Co-ordinated by | Sheetal Kumar e: sheetal.kumar@acn.edu.au |
| Content | Intended learning outcomes for this subject/program
After completing this subject, the learner will be able to:- |
Assessment Tasks | ||
| Type of assessment
Note the completed assessment item (e.g. Assessment 1: Online discussion) |
Weighting
(% of total marks) |
When assessed – academic week
(e.g. Week 8) |
||
| Theme 1: Healthcare – economics and financing | a) analyse health economics and financial decision making | Assessment 1: Contributions to online discussions | 10% | 2, 9 |
| Theme 2: Principles and practices of budgeting | b) discuss contemporary funding options and case mix information | Assessment 2: Quiz | 10% | 4 |
| Theme 3: Financial accounting concepts for nurses | c) examine current concepts relating to financial accounting in the health care context | Assessment 3: Analysis of care | 40% | 6 |
| Theme 4: Funding in aged care | d) investigate the process of business planning in the health care context | Assessment 4: Essay & Quiz Part A: Essay Part B: Quiz |
40% | 10 |
| e) compare budgeting approaches in the healthcare context | ||||
Financial Management (303) is a Tier 1 unit.
| Tiers | 2024 Member price (10% discount) | 2024 Non-member price | 2025 Member price (10% discount) | 2025 Non-member price |
|---|---|---|---|---|
| Tier 1 | $2,308.50 | $2,565.00 | $2,403.00 | $2,670.00 |
| Tier 2 | $2,632.50 | $2,925.00 | $2,740.50 | $3,045.00 |
| Tier 3 | $3,096.00 | $3,440.00 | $3,539.00 | $3,932.00 |
| Tier 4 | $3,699.00 | $4,110.00 | $4,166.00 | $4,628.50 |
*Fees are subject to change without notice.
