Advanced Professional Certificate in Managing Finance in Health and Social Care

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Completion Time

1 Month

Accreditation

5 CPD Hours

Level

Advanced

Start time

Anytime

About the course

This course delves into the prerequisites for making investment decisions in an interconnected global economy. Upon completing this course, learners will possess the tools and strategies needed to make informed investment choices.

Upon successfully finishing this lecture, you will gain proficiency in the following areas:

1. Comprehending investment and the motivations behind it.
2. Grasping the money market, including its functions and financial instruments.
3. Proficiency in investment appraisal and its various techniques.
4. Understanding global financial management and its overarching objectives.
5. The concept of capital investments, their categorization, and the influence of investment appraisal on global financing.
6. Navigating the realm of global business activities.
7. Developing effective strategies for global financial investments.
8. Engaging with different facets of global strategy development.

Course details

After the successful completion of this course, you will be able to lear about the following:

Role of Finance in Health and Social Care

  • Essential Aspects of Accounting and Financial Management.
  • Concept Of Revenue Cycle Management.
  • Step of The Revenue Cycle Management.
  • Skills Needed for Accounting in Health Care.
  • Role of Health Care Accountant.
  • Concept of Healthcare Audit.
  • Types of Healthcare Audit.
  • Steps of Financial Audit in Healthcare Sectors.
  • Steps in Financial Analysis.
  • Healthcare Financial Statement.
  • Financial Ratios in Health Care Organisations.

Documenting and Analyzing Financial Information

  • The Concept, Characteristics, and Principles of Double-Entry Book-keeping.
  • The Double-entry Bookkeeping Process.
  • The Concepts of Investment Appraisal and its Techniques.
  • The Investment Analysis Techniques.
  • The Concept and Types of Cash Flow Forecasting.

Sources of Finance in Health and Social Care

  • The concept and various objectives of Health Financing.
  • Various Sources of Finance.
  • Importance of Working Capital in Healthcare.
  • Principles and Steps in Budgeting.

Module: Managing Finance In Health And Social Care

Lecture: 3
Quiz: 1

Financial Management in Health and Social Care is a specialized program aimed at delivering a comprehensive grasp of financial management within the healthcare sector. It encompasses essential financial management principles and ideas, encompassing budgeting, financial analysis, and predictive modeling. This program also delves into the particular hurdles and prospects associated with financial management in health and social care, encompassing the ramifications of governmental policies, shifting demographics, and advancements in medical technology. Over the duration of this program, participants will gain proficiency in resource management within health and social care settings, with an emphasis on optimizing value and efficiency while sustaining exceptional care quality.

Role of Finance in Health and Social Care - N
Sources of Finance in Health and Social Care - N
Documenting and Analysing Financial Information - N
Managing Finance in Health and Social Care

Accreditation

All of our courses are accredited by the relevant partners and awarding bodies. Please refer to our information in about us for more details.

Entry requirement

Entry requirements for this course are quite flexible, making it accessible to a wide range of individuals. Having work experience can provide a valuable perspective when engaging with the course materials.

The primary goal of this certificate program is to enrich the learner's expertise within their specific field. It's an ideal choice for those who are enthusiastic about expanding their knowledge and staying abreast of the latest developments in their respective industries.

This certificate is particularly suitable for the following individuals:

- Chief Executive Officers
- Directors
- Managers
- Supervisors
- Finance Managers
- Investment Managers
- Financial Analysts
- Stock Brokers
- Operations Managers
- Team Leaders
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