This unit examines the theories and frequently used techniques of economics, financial and managerial accounting in healthcare organisations. Public and private funding issues will be examined, across the acute, primary and aged care sectors. Students will apply this knowledge to determine cost efficient and effective decision making, taking into account safety, quality and resource considerations. Students will investigate critical topics and approaches, including: funding models; supply and demand factors; economic evaluations, financial statements and working capital cycle; budgeting approaches and key performance indicators; long-term investments and ratio analysis; cost allocation; and, value based purchasing. Students will have opportunities to hear from experts across Australia and participate in industry relevant studies and analysis.
|Unit name||Health Finance, Economics and Accounting|
|College/School||College of Business & Economics
Tasmanian School of Business and Economics
|Discipline||Australian Institute of Health Service Management|
|Coordinator||Doctor Nazlee Siddiqui|
|Delivered By||University of Tasmania|
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- Appraise the funding models and core concepts of economics, financial and managerial accounting in the Australian health sector.
- Evaluate the use of techniques of economics, financial and managerial accounting for cost efficient and effective managerial decisions in health.
- Compare public and private funding issues across the acute, primary and aged care sectors.
- Argue the ethical and practical budget implications of cost efficiency focusing on cost, safety and quality.
- Assess how to improve the application of economics, financial and managerial accounting in the health sector.
|Field of Education||Commencing Student Contribution 1||Grandfathered Student Contribution 1||Approved Pathway Course Student Contribution 2||Domestic Full Fee|
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|Assessment||Report (40%)|Report (40%)|Discussion Posts (online) and/or Tutorial Participation (20%)|
|Timetable||View the lecture timetable | View the full unit timetable|
Required readings will be listed in the unit outline prior to the start of classes.
|Links||Booktopia textbook finder|
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