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Level 7 Diploma in Health and Social Care Management

Applying Managing Finance in the Health and Social Care Sector in practice: case studies

HSC703 · Managing Finance in the Health and Social Care Sector — Week 12 of 16

CourseHSC703
Week12 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Applying Managing Finance in the Health and Social Care Sector in practice: case studies

  1. Case analysis
  2. Linking theory to practice
  3. Evaluating evidence
  4. Evaluating Productivity (panel session)

What you will be able to do

  • 1.2 Evaluate how financial software is utilised within the accounting functions of organisations.
  • 2.3 Evaluate the process of budgetary control and revenue management in a health and social care organisation.
  • 3.3 Evaluate capital expenditures and investment projects using different investment appraisal techniques

Activity

Start with this week’s video, then: Case-study workshop: apply the unit’s concepts to a real or realistic case and evaluate the outcome.

Study materials

Videos

  • Evaluating Productivity (panel session) · YouTube · The Health Foundation · 53 min · for registered students
  • CIMA P2 Budgetary Control and Performance Management · YouTube · OpenTuition · 33 min · for registered students
  • CIMA P2 Basic Investment Appraisal Techniques – ARR and Payback · YouTube · OpenTuition · 18 min · for registered students
  • CIMA P2 Investment appraisal under uncertainty - Sensitivity analysis · YouTube · OpenTuition · 30 min · for registered students

Further resources

  • From Cash to Accrual Budgeting and Accounting in the Public Sector: The Dutch Experience · 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 11Week 13
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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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