Course Description
This intensive 5-day programme provides healthcare leaders with advanced knowledge and skills in hospital budgeting and financial management. Participants will learn strategic planning techniques, forecasting methods, and financial analysis tools specific to healthcare organizations. The course combines theoretical concepts with practical case studies and exercises to ensure real-world application.
Learning Objectives
- Develop and implement effective budgeting strategies for hospitals
- Apply financial forecasting and modeling techniques to healthcare scenarios
- Analyze financial statements and key performance indicators in a healthcare context
- Evaluate capital investment decisions and funding options for healthcare projects
- Implement cost control and resource allocation strategies in hospital settings
Course Modules
Day 1: Foundations of Hospital Financial Management
- Overview of healthcare financial management
- Hospital revenue streams and reimbursement models
- Financial statements for healthcare organizations
- Key financial ratios and performance indicators
Day 2: Strategic Planning and Budgeting
- Strategic planning process for hospitals
- Types of budgets in healthcare settings
- Budget development and approval process
- Linking budgets to strategic objectives
Day 3: Financial Forecasting and Modeling
- Forecasting techniques for healthcare organizations
- Building financial models for hospitals
- Scenario analysis and sensitivity testing
- Using forecasts for decision-making
Day 4: Capital Budgeting and Investment Decisions
- Capital budgeting process in healthcare
- Evaluating capital investment proposals
- Funding options for healthcare projects
- Risk assessment in capital decisions
Day 5: Cost Control and Resource Allocation
- Cost behavior and analysis in hospitals
- Activity-based costing in healthcare
- Resource allocation strategies
- Performance monitoring and variance analysis
Practical Wins for Participants
- Develop a comprehensive budget for a hospital department
- Create a financial model to forecast revenue and expenses
- Conduct a capital investment analysis for a proposed healthcare project
- Design a cost control strategy for a specific hospital service line
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
