Financial Literacy in Health Economics

The course seeks to equip students with a comprehensive understanding of cost structures in healthcare, particularly within hospital settings. With escalating healthcare costs globally, hospital administrators and government regulators need precise knowledge of how funds are allocated to ensure sustainability and profitability. This course provides the tools and insights required to make informed financial decisions in the healthcare sector.
Key Topics:
• Introduction to health economics: Core terms and concepts.
• The significance of cost analysis in healthcare and Cost-Volume-Profit (CVP) analysis.
• Assessing relevant costs and revenues for decisive actions.
• An overview of the budgeting process in healthcare institutions.
• In-depth exploration of standard costing and variance analysis.
• A study of Divisional Financial Performance Measurement.
• Screening programme evaluation.
• Economics of screening.
Learning Outcomes:
By the end of this course, students will be able to:
• Recognize the critical role of cost analysis in healthcare.
• Estimate the unit cost of providing various hospital services.
• Analyze and potentially optimize cost structures to enhance hospital profitability.