Business and technology qualifications, Levels 3-6, in Brussels. Explore qualifications
Portal login
Level 7 Diploma in Health and Social Care Management

Strategic Financial Recommendations

HSC703 · Managing Finance in the Health and Social Care Sector — Week 11 of 16

CourseHSC703
Week11 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Strategic Financial Recommendations

  1. Financial risk management
  2. Cost-efficiency and value-for-money initiatives
  3. Financial sustainability planning
  4. Presenting financial proposals to governance boards
  5. SBL Topic Explainer: Risk Strategy and Identification
  6. SBL Topic Explainer: Governance and Board Committees
  7. APM Topic Explainer: Value based management

What you will be able to do

  • 3.4 Make recommendations for financial management in health and social care organisations

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: make recommendations for financial management in health and social care organisations

Study materials

Videos

  • SBL Topic Explainer: Risk Strategy and Identification · YouTube · ACCA Student Study Resources · 28 min · for registered students
  • SBL Topic Explainer: Governance and Board Committees · YouTube · ACCA Student Study Resources · 21 min · for registered students
  • APM Topic Explainer: Value based management · YouTube · ACCA Student Study Resources · 15 min · for registered students

Further resources

  • Sustaining non-profit organizations: strategic, managerial and financial perspectives · Reading · Reading, article · for registered students
  • Risk Management for Enterprises and Individuals, ch. 5: The Evolution of Risk Management: Enterprise Risk Management · PDF · Saylor Academy, textbook chapter; pp. 185–229 · for registered students
  • The Sourcing Playbook (UK Government Commercial Function) · PDF · GOV.UK, guidance; 78 pages · 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 10Week 12
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
Back to the course
Scroll