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Level 7 Diploma in Health and Social Care Management

Budgetary Control and Revenue Management

HSC703 · Managing Finance in the Health and Social Care Sector — Week 7 of 16

CourseHSC703
Week7 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Budgetary Control and Revenue Management

  1. Budget setting approaches
  2. Revenue generation models
  3. Fee structures and cross-subsidisation
  4. Budgetary control mechanisms and monitoring
  5. CIMA P2 Budgetary Control and Performance Management
  6. Lecture 15- Profit and Non-profit Maximization Models in Health care
  7. Budgetary Control - Part II

What you will be able to do

  • 2.3 Evaluate the process of budgetary control and revenue management in a health and social care organisation.
  • 3.2 Interpret organisational budgets in health and social care

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: evaluate the process of budgetary control and revenue management in a health and social care organisation.

Study materials

Videos

  • CIMA P2 Budgetary Control and Performance Management · YouTube · OpenTuition · 33 min · for registered students
  • Lecture 15- Profit and Non-profit Maximization Models in Health care · YouTube · IIT Roorkee July 2018 · 43 min · for registered students
  • FACE Showcase Session Budget Holder Training – Making finance fun! · YouTube · One NHS Finance · 36 min · for registered students
  • CIMA P2 Financial Performance Measurement · YouTube · OpenTuition · 45 min · for registered students
  • 702 | How Do Social Enterprises Make Money? Revenue Models - Social Entrepreneurship Course · YouTube · YaleCourses · 12 min · for registered students

Further resources

  • Empirical Budgeting Research in Accounting Journals: Review, Critique, and Research Agenda · PDF · Reading, article · for registered students
  • Budgetary Slack in Ireland: An Investigation · PDF · Reading, article · for registered students
  • Health and social care integration: joining up care for people, places and populations (2022) · Reading · GOV.UK, report · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 6Midterm
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Foundations of Financial Management in Healthcare
  • Week 2: Financial Technology and Accounting Information Systems
  • Week 3: Double-Entry Bookkeeping and Financial Recording
  • Week 4: Financial Performance Evaluation Using Ratios
  • Week 5: Short-Term and Long-Term Financing Needs
  • Week 6: Sources of Healthcare Financing
  • Week 7: Budgetary Control and Revenue Management
  • Midterm: Midterm evaluation
  • Week 9: Interpreting Healthcare Budgets
  • Week 10: Capital Expenditure and Investment Appraisal
  • Week 11: Strategic Financial Recommendations
  • Week 12: Applying Managing Finance in the Health and Social Care Sec…
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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