Financial Management and Economic Assessment in Healthcare and Social Services (5 cr)

Evaluation scale

0-5

Objective

The student
- becomes familiar with the key theories of financial management and economic evaluation in healthcare and social services and can apply them to different organizations.
- displays the ability of critically analyzing the financial information of healthcare and social services in micro and macro levels.
- recognizes the challenges of managerial finance and economic evaluation in health care and social services sector.
- masters different types of economic evaluations in healthcare.
- understands and can consider ethical issues in financial decision-making.
- is able to assess, develop and perform economic evaluation based on financial data in healthcare organizations.

Content

- Introduction to healthcare and social services financial management
- Financial condition analysis and forecasting
- Theory of economic assessment in healthcare and social services
- Cost Analysis in program evaluation

Materials

- Järvenpää, M., Länsiluoto, A., Partanen, V. & Pellinen, J. 2015. Talousohjaus ja kustannuslaskenta. Helsinki: Sanoma Pro. 2.-3. painos.
- Gapenski, L. & Pink, G. 2015. Understanding healthcare financial management. AUPHA/HAP Book. USA: Health Administration Press.7th ed.(soveltuvin osin)
- Folland, S., Goodman, A.C., Stano, M. 2017. The economics of health and health care, 7th edition. Abingdon, Oxon : Routledge, Taylor & Francis . 8th ed. (soveltuvin osin)
- Tan-Torresedejer, T., Baltussen, R., Adam, T., Hutubessy, R., Acharya, A., Evans, D.B. & Murray, C.J.L. 2003. Making choices in health: WHO guide to cost-effectiveness analysis. Geneva: World Health Organization. eBook.

Tukimateriaalia:
- Berger, S. 2014. Fundamentals of health care financial management: A practical guide to fiscal issues and activities. Jossey-Bass & Pfeiffer Imprints, Wiley. 4th ed. (soveltuvin osin)
- Phillips, C. 2005. Health economics: An introduction for health professionals. BMJ Books.

Teaching methods

Total online course. Different kind of online learning tasks, online lectures

Student workload

Verkko-opiskelu ja itsenäinen opiskelu 135 tuntia.

Assessment criteria, satisfactory (1)

Sufficient 1
The student knows the basic concepts and methods of financial management and economic evaluation in healthcare, guidance and follow-up. The student understands the basic mechanisms of economic assessment based on financial data of different healthcare organizations. The student knows some of the financial and economic indicators.

Satisfactory 2
The student is able to apply the basic concepts and methods of financial management and economic evaluation in healthcare, planning, guidance and follow-up in their work. The student is able to implement economic assessment based on financial data of different healthcare organizations. The student applies the financial and economic indicators for his/her work.

Assessment criteria, good (3)

Good 3
Students master the basic concepts and methods of financial management and economic evaluation in healthcare, planning, guidance and follow-up and apply them in practical leadership. The student is in charge of economic assessment based on financial data of different healthcare organizations. The student analyzes key financial and economic indicators and understands their connection to evaluate the effectiveness of their operations.

Very Good 4
Students master the basic concepts and methods of financial management and economic evaluation in healthcare, planning, guidance and follow-up and are able to create plans based on them. The student is in charge of economic assessment based on financial data of different healthcare organizations. The student analyzes key financial and economic indicators and understands their connection to evaluate the effectiveness of their operations.

Assessment criteria, excellent (5)

Excellent 5
The student is able to master and understand the concepts and methods of financial management and economic evaluation in healthcare, planning, guidance and follow-up and can critically review them in supervisory work. The student is able to create economic assessment based on financial data of different healthcare organizations. The student is able to evaluate and critically examine the financial and economic indicators and apply them to evaluate the effectiveness of the activity.

Qualifications

The student has basic knowledge of the healthcare and social services management The student knows the structure and principles of healthcare and social services.

Further information

Avoin amk 5 paikkaa
Campus online 5 paikkaa