An Intensive 5-day Training Course
Healthcare Financial and Accounting Management Skills
Reporting Value, Economy and Efficiency in the Healthcare Sector
Course Introduction
This Healthcare Financial and Accounting Management Skills training Course will help healthcare professionals in the multitude of disciplines and functions in hospitals, clinics, and community health settings to navigate modern healthcare organisations' complexities and positively contribute to their financial and operational success.
Modern healthcare organisations are complex in the many different treatments and therapies provided and varied in their operating models and strategic and financial objectives: from the UK style national healthcare systems financed from taxation to the US-style insurance financed healthcare systems and profit-making enterprises.
In all of these models, the management of cost, efficiency, and economy is crucial, whether to operate within constrained funding budgets or make a profit. To effectively manage and achieve these goals, healthcare professionals in all disciplines need a working knowledge of the financial accounting and management systems in their organisation. This leading-edge training Course will provide you with the essential skills to understand financial reports and engage effectively in managing your own healthcare organisation.
This Oxford Management Centre training Course will features:
- The fundamentals of healthcare operating models
- Key concepts of accounting and financial reporting
- Measuring and managing financial and operational performance
- Effective budgeting for healthcare organisations
- Developing an integrated management approach for healthcare
Objectives
The training course has been designed to provide healthcare professionals from all disciplines to understand the healthcare sector's financial accounting and management principles and apply their knowledge the managing organisational performance of their organisation.
By the end of this training Course, you will be able to:
- Understand the fundamentals of financial accounting
- Analyse and interpret healthcare financial reports
- Participate effectively in healthcare sector budgeting processes
- Understand the principles of capital investment decision-making
- Focus decisions based on ‘value for money’ and cash management
- Assist in developing and implementing management dashboards
Training Methodology
The training Course will be structured as a highly participative workshop with formal presentations, case studies, and interactive worked illustrations. Relevant examples and case studies are provided to demonstrate the application of each of the topics covered.
Opportunities are provided to learn and apply the key financial accounting and management skills using practical examples and case studies.
Organisational Impact
The organisation will benefit from professionals across multiple clinical and administrative disciplines, developing and applying practical skills in financial and management accounting.
This will deliver benefits in raised awareness of key financial and performance management principles and improved decision-making. The organisation will specifically benefit from:
- Knowledge of financial and management accounting principles
- Highly developed skills for financial analysis and interpretation
- Enhanced forecasting and budgeting capabilities
- Practical skills in capital investment decision-making
- Raised awareness of value for money (VfM) concepts
- Development of an integrated approach to performance management
Personal Impact
Participants will benefit from the principles and practical application of financial accounting and management skills specifically relevant to the healthcare sector. This capability will allow delegates to make a greater contribution to the management, budgeting, and financial decision-making processes in their organisation while enhancing their own career development potential. Specific benefits from the training Course will include:
- A comprehensive briefing on financial accounting and management techniques
- Development of advanced skills in financial analysis and interpretation
- Application of practical skills in forecasting income and expenses
- Practical knowledge of budgeting principles and methods
- Working knowledge of investment decision-making processes
- Functional proficiency in designing integrated management dashboards
Who Should Attend?
Professionals from a wide range of healthcare disciplines will benefit from attending this practical Course on financial and management skills.
The training Course is suitable for a wide range of professionals but will greatly benefit:
- Healthcare budgeting team members
- Healthcare planning professionals
- Financial and management accounting team members
- Clinical and surgical budget holders
- Hospital administration managers
- Dental surgeons and dental practice managers
Course Outline
Day One
Healthcare Management and Accounting Fundamentals
- Healthcare operating models: state, charity, insurance-funded
- Fundamentals of stakeholder and shareholder value
- Concepts of value for money (VfM)
- Basic principles in financial accounting
- Cash versus accruals accounting
- Financial accounting versus management accounting
Day Two
Healthcare Financial and Management Reporting
- Relevant reporting frameworks for healthcare organisations
- Distinctive characteristics of healthcare financial reports
- The five elements of financial statements
- Assets and liabilities: principles for recognition and measurement
- Nature and classification of healthcare sector income and expenses
- Management accounting in healthcare entities
Day Three
Measuring and Managing Healthcare Performance
- Understanding and analysing cost behaviour
- Managing the cost-volume-profit relationship
- Understanding and analysing healthcare financial reports
- The financial analyst’s toolkit
- Interpreting financial ratio analysis of healthcare entity reports
- Analysing and interpreting healthcare cash flow statements
Day Four
Budgeting for Healthcare Sector Organisations
- Setting goals and outcome requirements
- Effective forecasting techniques
- Budgeting for funding, income and expenses
- Principles of cash flow budgeting
- Human and behavioural aspects of budgeting
- Principles of capital investment budgeting
- Investment decision-making in the healthcare sector
Day Five
Integrated Management Reporting in Healthcare
- The limitation of financial reports
- Identifying organisational key success factors
- Measuring economy, efficiency, and effectiveness
- Developing key performance indicators (KPI’s)
- Using strategy maps and balanced scorecards
- Developing tactical management dashboards
Certificate
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.
Accreditation
In association with
Related Courses
Laboratory Testing and Management
Date: 26-30 May 2025 Location: Dubai Fee: $5,950
Healthcare Mini MBA
Date: 11-15 Aug 2025 Location: London Fee: $5,950
Leadership & Management in Healthcare
Date: 04-08 Aug 2025 Location: London Fee: $5,950
Leadership and Organisational Development in Healthcare
Date: 28 Jul-01 Aug 2025 Location: London Fee: $5,950
Healthcare Procurement and Supply Chain Management
Date: 23-27 Jun 2025 Location: London Fee: $5,950
Human Resource Management for Healthcare Professionals
Date: 26-30 May 2025 Location: Dubai Fee: $5,950
Healthcare Information Systems Management
Date: 25-29 Aug 2025 Location: London Fee: $5,950
Healthcare Hazard Control and Safety Management
Date: 24-28 Nov 2025 Location: Dubai Fee: $5,950
FREQUENTLY ASKED QUESTIONS
To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: [email protected]
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]
Note: Discounts are not applicable with any other special offer that may be available.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to [email protected]
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email [email protected] or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
