HACM 9102 Financial Management and Economics in Health Care

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The HACM 9102 Financial Management and Economics in Health Care program is designed for those who wish to become a global leader in international health management. You will be enthusiastic and curious and ready to lead a healthcare organization to meet the challenges ahead. You will achieve this goal by developing excellent decision-making and problem-solving skills and an understanding of this complex area.

• Use basic spreadsheet skills to complete financial analysis and budgeting tasks.
• Appreciate basic health traits from an economic point of view.
• Discuss how the accounting plays a role as a tool in decision making, planning and control.
• Briefly describe the purpose and function of the three main financial statements: balance sheet, income statement, and cash flow statement.
• Apply commonly used methods to analyze an organization's financial statements.
• Explain the nature of the relationship between activity volume, cost and profit and how to use knowledge of this relationship to make decisions and assess risks.
• Describe the budgeting and planning process.
• Identify the methods commonly used for making investment decisions.
• Evaluate the broader role of health financing, including different health financing methods.

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