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Healthcare Financial Management

Healthcare Financial Management

Venue
Date
Training Course
£4,500.00
Choose your own preferred Date or Venue or Contact Us for more details

✅ Total Duration:

  • Regular: 5 Days × 4 Hours = 20 CPD Hours or
  • Intensive: 2.5 Days x 8 Hours = 20 CPD Hours
  • Delivery Format: In-person
  • Target Group: Mid to Senior level managers, team leads, HR professionals, project managers
  • Assessment: Active participation, group activities, capstone project
  • Certificate: CPD Certificate with learning outcomes and hours

Training Course on Healthcare Financial Management

Overview

  • Healthcare financial management is critical for sustaining high-quality patient care while ensuring organisational financial health.
  • This course equips healthcare leaders and managers with essential financial skills to navigate budgeting, financial planning, risk management, and performance analysis within healthcare settings.
  • Participants will gain practical knowledge to support strategic decision-making and improve organisational outcomes in a complex, evolving healthcare environment.

Learning Objectives

  • Understand the fundamental principles and role of financial management in healthcare organisations.
  • Analyse economic and financial forces impacting healthcare delivery and organisational sustainability.
  • Develop, implement, and evaluate budgets aligned with healthcare objectives and regulatory requirements.
  • Apply financial reporting and performance metrics to monitor and improve operational efficiency.
  • Identify and manage financial risks specific to healthcare organisations.
  • Enhance collaboration between clinical and financial teams to optimise resource allocation and patient outcomes.

Training Methodology

  • Interactive lectures combining theory with real-world healthcare financial scenarios.
  • Case studies featuring current healthcare organisations to illustrate budgeting, forecasting, and financial decision-making.
  • Hands-on exercises including budget development, variance analysis, and financial statement interpretation.
  • Group discussions and role-playing to foster collaboration between clinical and financial perspectives.
  • Use of financial management software tools and dashboards for practical exposure.
  • Pre- and post-course assessments to measure knowledge acquisition and application.

Organisational and Personal Impact

  • Organisations will benefit from improved financial stewardship, enabling sustainable investment in patient care and innovation.
  • Enhanced financial acumen among healthcare leaders supports strategic initiatives, cost control, and compliance with evolving payment models such as value-based care.
  • Participants will gain confidence to lead financial discussions, influence budgeting processes, and contribute to organisational financial health.
  • The course fosters a culture of transparency and accountability, strengthening stakeholder trust and operational excellence.

Target Audience

  • Healthcare executives and senior managers responsible for financial oversight.
  • Clinical leaders and department heads seeking to understand financial implications of care delivery.
  • Financial professionals transitioning into healthcare settings.
  • Non-financial managers and administrators aiming to improve budgeting and financial decision-making skills.
  • Healthcare consultants and policy makers interested in healthcare finance fundamentals.

Course Outline

Day 1: Introduction to Healthcare Financial Management

  • Role and importance of finance in healthcare organisations
  • Overview of healthcare financial systems and stakeholders
  • Key financial statements: balance sheet, income statement, cash flow

Day 2: Budgeting and Financial Planning

  • Types of budgets in healthcare (operating, capital, flexible)
  • Budget development process and forecasting techniques
  • Aligning budgets with organisational goals and regulatory requirements

Day 3: Financial Reporting and Performance Analysis

  • Interpreting financial reports and key performance indicators (KPIs)
  • Variance analysis and financial ratio analysis
  • Using financial data to drive operational improvements

Day 4: Managing Financial Risks and Cash Flow

  • Identifying financial risks in healthcare settings
  • Strategies for risk mitigation and compliance
  • Cash management principles and working capital optimisation

Day 5: Strategic Financial Decision-Making and Collaboration

  • Capital budgeting and investment appraisal in healthcare
  • Emerging trends: value-based care, payment models, and financial technology
  • Enhancing collaboration between clinical and financial teams
  • Case study presentations and group problem-solving exercises

Conclusion

  • Mastery of healthcare financial management empowers leaders to balance quality care with fiscal responsibility.
  • This course prepares participants to confidently navigate financial challenges and lead their organisations toward sustainable success.
  • By integrating financial expertise with clinical insight, healthcare professionals can drive innovation, improve patient outcomes, and ensure long-term organisational viability.
  • Participants are encouraged to apply their new skills immediately and continue developing their financial acumen to meet the evolving demands of healthcare finance.

Courses Categories
Leadership and Management

Leadership and Management

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