Program Overview

Managing Finance and Resources in Health and Social Care Settings

Course Overview

The aim of this module is to provide students with the opportunity to enhance their knowledge of finance and resource management in relation to their role and the improvement of services.

Key Course Details

• Location: Online
• Duration: Part-time, Single Module
• Start date: January 2022
• Entry Requirements: Programme specification (PDF)

Course Outline

Course Summary

The indicative module content includes links between financial resources and service users; importance of accurate record keeping in relation to finance/resource management; interpreting costings - fixed, variable, direct, indirect and marginal; budgeting and managing a budget; payment by results/tariffs and links to service user information requirement; cost benefit analysis.

On successful completion, students will be able to:

• Demonstrate a critical understanding of the principles and practices of budgeting and resource management and how this impacts upon and links to service user activity
• Critically reflect upon their role in relation to finance and resources
• Critically reflect upon how 'payments by results/tariffs' impacts on their organisation/department and demonstrate a critical understanding of the service user information requirements linked to this
• Demonstrate a critical understanding of business planning for quality improvement in relation to their role and service
• Demonstrate an understanding of costings and critically apply this to the cost benefits analysis process.

Indicative Core Bibliography

• Chartered Institute of Public Finance & Accounting (2011) A brief guide to local Government finance for Councillors CIFPA, London
• Drury C (2004) Management and Cost Accounting 6th Ed., Thompson, London
• Dwyer J, Stanton P & Thiessen V (2004) Project Management in Health & Community Services: getting good ideas to work. Sage, London
• Healthcare Financial Management Association (2011) Introductory Guide to NHS Finance in the UK 10th Ed., HFMA, London
• NHS Institute for Innovation & Improvement (2005) Improvement Learners' Guides - available at: capability/improvementintroduction.html

Entry Requirements

• Evidence of prior successful study at underpinning level.

Selection Criteria

To be eligible to study this module, students should be able to apply it to their practice.

Application Information

The closing date for applications is 5 working days prior to the module start date or, if this is the student's first module, 5 working days prior to the induction date.

Student Finance

We have a wide range of scholarships, bursaries, grants and funds available to support students throughout their studies with us. This includes the Cumbria Bursary - a non-repayable bursary designed to support first year students with a household income of less than £25,000.

Fees

The tuition fees for CPD and short courses vary based on the intensity and length of the course. Visit our finance page for more information.

Resources and Facilities

We are amongst the UK's leading health and wellbeing faculties and are proud of the high level of support we are able to offer to our students.

We provide a wide range of high-quality courses supported by expert academic and clinical practice staff. If you join us you will enjoy great facilities and learn alongside caring, committed and experienced professionals. Our employment record is excellent.

Meet the Staff

Our academic staff are passionate about their field and have a wealth of real-world experience to back up their knowledge. Find out more about your tutors.

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