James Cook University Subject Handbook - 2024

NS5341 - Business and Finance for the Health Manager

Subject Description

This subject provides the student with tools and skills needed to assume effective business and financial management functions in the healthcare setting. Health care is a business, and health managers must be able to manage their units in a fiscally appropriate way. This subject will explore topics such as building, understanding and monitoring budgets; accounting tools; and reporting specifically relevant to the healthcare manager role.

Learning Outcomes

• Demonstrate knowledge of finance and business in healthcare
• Apply key accounting principles, terms and language within the healthcare context
• Examine the relationship between financial and clinical performance in health care
• Discuss the responsibilities and challenges associated with business management in healthcare
• Analyse and interpret financial information and statements to formulate conclusions and solutions related to financial performance, position, and risk in the healthcare sector

Subject Assessment

• Written > Test/Quiz 1 - (10%) - Individual
• Oral > Presentation 1 - (50%) - Individual
• Written > Problem task - (40%) - Individual

Note that minor variations might occur due to the continuous subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.

Special Assessment Requirements

Passing requirements: complete and submit all assessment items; achieve a cumulative score of at least 50% after the application of any penalties such as late penalties.

Availabilities