ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | Healthcare Finance | ||
Code | MGTK716 | ||
Coordinator |
Mr KMJ Maguire Finance and Accounting Kieran.Maguire@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2020-21 | Level 7 FHEQ | Whole Session | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
2 |
24 |
26 | ||||
Timetable (if known) | |||||||
Private Study | 124 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Individual Video Presentation Reassessment Opportunity: repeat assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: No | 10 minutes | 20 | ||||
Discussion Board Contribution Reassessment Opportunity: via a 350 word reflective report. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: No | -350 words | 10 | ||||
Financial Analysis Reassessment Opportunity: repeat assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes | -2000 words | 60 | ||||
Presentation Discussion Reassessment Opportunity: a 350 word report. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: No | -350 words | 10 |
Aims |
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This module aims to: Give students an understanding of the core components of a set of financial statements in terms of assets, liabilities, equity income profit and costs; Provide students with the ability to examine the regulation of healthcare organisations and the challenges in developing and implementing financial controls; Provide students with the opportunity to critically assess a set of financial statements and comment upon the financial strengths, weaknesses and risks associated with an individual healthcare organisation; Equip students with the skills to make effective decisions using a pragmatic, evidence-based approach; Develop students’ ability to assess the financial viability of a healthcare organisation using a variety of methods. |
Learning Outcomes |
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(LE1) Commercially aware. |
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(LE2) Organised and able to work under pressure. |
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(LO1) Students will be able to demonstrate understanding of the components of a balance sheet and their interaction, within a healthcare setting. |
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(LO2) Students will be able to demonstrate understanding of the components of a profit or loss account/income statement and the concept of breakeven and profitability within healthcare. |
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(LO3) Students will be able to demonstrate understanding of the importance of cash to a healthcare organisation and how cash flows differ from profits. |
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(LO4) Students will be able to analyse and explain, using financial and non-financial metrics and relationships, the accounts of a healthcare organisation. |
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(LO5) Students will be able to assess the financial viability of a healthcare organisation using differing methodologies and analyse the risks involved in such models and methods. |
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(LO6) Students will be able to evaluate the motives, benefits and drawbacks of having financial controls in relation to assess the financial viability of healthcare organisations that are different from those of other organisations. |
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(LO7) Students will be able to make effective decisions using a pragmatic, evidence-based approach. |
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(LR1) Ethically aware. |
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(LRE1) An excellent verbal and written communicator. |
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(LRE2) Numerate. |
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(LRE3) IT literate. |
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(LRE4) Internationally aware. |
Teaching and Learning Strategies |
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The Learning and Teaching Strategy has been guided by the Curriculum 2021 Framework, Attributes, and Hallmarks, and as such, all module content will be informed by current and cutting-edge research in the relevant subject area(s). The module has been designed with a focus on global citizenship, by ensuring that students are given the opportunity to collaborate with their peers. This will enable students to build their confidence by sharing their own experiences, as well as helping them to understand how their learning might be applied to different healthcare settings and international contexts. The module will primarily be delivered through eight e-lectures/seminars. The e-lectures will consist of podcasts covering key concepts alongside e-seminars that will consist of individual online tasks, case studies and discussion boards which will be used to develop and apply learning to healthcare organisations and the students’ own work contexts and to reflect on this. These w ill be moderated by the module instructor to ensure individual and group feedback. Students will also be directed to key academic and practitioner readings to further develop their learning. Unscheduled Directed Student Hours: 24 hours Description: The e-Lectures/seminars will equate to 3 hours/week over 8 weeks, undertaken asynchronously. Additionally, one scheduled synchronous seminar will be delivered (if there are issues with time zones another seminar will be provided). Scheduled Directed Student Hours: 2 hours Description: The scheduled seminar will equate to 2 hours undertaken synchronously. The date and time of the seminar will be confirmed at the start of the module. Self-Directed Learning Hours: 124 hours Description: This will involve directed and independent reading, independent research i nto healthcare organisations and assessment preparation. |
Syllabus |
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Core components of financial statements: assets, liabilities, equity income profit and costs. Concept of profitability and breakeven in relation to private and non-profit making healthcare organisations. Differences between profit and cash flows. Analysis of financial statements within healthcare organisations using financial metrics and key performance indicators to identify financial and non-financial trends. Regulation of healthcare organisations and the challenges in developing and implementing financial controls. Ownership models: healthcare versus financial achievements. |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |