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Level 7 Diploma in Health and Social Care Management

Midterm evaluation

HSC703 · Managing Finance in the Health and Social Care Sector — Midterm

CourseHSC703
Week8 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Midterm evaluation

  1. Midterm assessment of the criteria taught so far
  2. Individual feedback and targets

What you will be able to do

  • 1.1 Explain the importance of accounting and finance management in the context of a health and social care organisation.
  • 1.2 Evaluate how financial software is utilised within the accounting functions of organisations.
  • 1.3 Describe how key financial ratios are used by health and social care organisations.
  • 2.1 Differentiate between long and short term business finance needs of health and social care organisations.
  • 2.2 Explain the benefits and limitations of various sources of finance available to an organisation.
  • 2.3 Evaluate the process of budgetary control and revenue management in a health and social care organisation.

Activity

Midterm assessment task and individual feedback.

Study materials

The teaching notes, exercises and videos of this week are in the student portal. Your portal is set up as soon as you receive final acceptance, so you can open them before the semester starts.
Week 7Week 9
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.

Open this week in the portal
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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